Economics Of European Integration

'The Economics of European Integration, 2/e' provides students with an accessible presentation of the facts, theories and controversies driving rapid change in the heart of Europe. The authors combine essential elements of European history, institutions, law, politics and policies with clear and accessible explanations of the economic principles of European integration. The result is an expert analysis of the contemporary status of integration within the European Union. This second edition has been thoroughly updated and expanded to incorporate recent developments within the European Union, and to reflect current teaching in European Economics. New material in this edition includes coverage of economic integration, labour markets and migration; EU competition and state aid policy; and EU trade policy. Designed for students taking modules in European economics, the book offers a rigorous yet clear exposition of economic arguments alongside examples, illustrations, and questions that bring this contemporary topic to life.Its key features include: a fully revised and expanded Part on EU Policies, including new chapters dedicated to Regional Policy, EU competition and state aid policy, and EU trade policy; focus on the economic analysis of integration - the core of the book explores the topics of trade integration and the macroeconomics of European integration in full. The up-to-date economic coverage is ideal for students taking economics modules that do not require extensive analysis of social and policy issues. Further appendices of economic theory are also provided as appropriate. Learning features include: a clear and consistent structure to aid student learning. Each chapter features boxed examples and illustrations, end of chapter summaries, self-assessment questions, essay questions, and lists of useful websites, further reading and references. Updates online include: integration initiatives continue to progress at a tremendous pace. Reflecting the need for currency and relevance in this fast-moving field, a range of online essays and articles on new developments and challenges will be posted on the Online Learning Centre.

Preface PART I: HISTORY, FACTS AND INSTITUTIONS History Facts, law, institutions and the budget decision making PART II: THE MICROECONOMICS OF ECONOMIC INTEGRATION Essential microeconomic tools The essential economics of preferential liberalisation Market size and scale economies Growth effects and capital market integration Economic integration, labour markets and migration PART III: EU POLICIES The common agricultural policy Location effects, economic geography & regional policy EU competition and state aids policy EU trade policy PART IV: MONETARY INTEGRATION: HISTORY AND PRINCIPLES A monetary history of Europe The choice of an exchange rate regime The European monetary system PART V: MONETARY AND FISCAL POLICY IN THE EU Optimum currency area The European monetary union Fiscal policy and the stability pact The financial markets and the Euro