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Course 2011-2012 a.y.

20269 - ECONOMICS OF EUROPEAN INTEGRATION


CLMG - M - IM - MM - AFC - CLAPI - CLEFIN-FINANCE - CLELI - ACME - DES-ESS - EMIT

Course taught in English


Go to class group/s: 31

CLMG (6 credits - II sem. - OP  |  SECS-P/02) - M (6 credits - II sem. - OP  |  SECS-P/02) - IM (6 credits - II sem. - OP  |  SECS-P/02) - MM (6 credits - II sem. - OP  |  SECS-P/02) - AFC (6 credits - II sem. - OP  |  SECS-P/02) - CLAPI (6 credits - II sem. - OP  |  SECS-P/02) - CLEFIN-FINANCE (6 credits - II sem. - OP  |  SECS-P/02) - CLELI (6 credits - II sem. - OP  |  SECS-P/02) - ACME (6 credits - II sem. - OP  |  SECS-P/02) - DES-ESS (6 credits - II sem. - OP  |  SECS-P/02) - EMIT (6 credits - II sem. - OP  |  SECS-P/02)
Course Director:
CARLO ALTOMONTE

Classes: 31 (II sem.)
Instructors:
Class 31: CARLO ALTOMONTE


Course Objectives

The course applies the most recent theoretical and empirical developments in international economics to the process of European integration.

By the end of this course, students should be able to use advanced economic and statistical tools for the analysis of the most relevant economic policies currently discussed in the EU. To this aim, specific assignments on current EU policy problems and special guests from the EU Institutions complement the course program.


Course Content Summary

The course is divided into four parts: 

  • economic geography and cohesion
  • economic integration and growth
  • innovation policies and economic integration
  • future developments of the EU in the post crisis context

Among the topics covered, the course in particular touches upon the following:

  • theory of economic integration with heterogeneous firms
  • micro-foundation and analysis of aggregate productivity
  • new economic geography
  • productivity spillovers from multinational companies

structural reforms in the EU


Detailed Description of Assessment Methods

Attending students  
Three take-home group assignments on the first three parts of the course, worth 65 per cent of total marks. A final written exam makes up for the remaining points.

Non-attending students
Individual essay, on a topic to be agreed in advance, on one of the first three parts of the course, worth 50 per cent of total marks. A final written exam makes up for the remaining points.


Textbooks

Selected chapters from the following book:

  • A. SAPIR, et al.,An Agenda for a Growing Europe: Making the EU Economic System to Deliver, Oxford University Press, 2003.

Technical articles:

  • D. ACEMOGLU, P. AGHION, F. ZILIBOTTI, Distance to Frontier, Selection and Economic Growth, Journal of the European Economic Association, 4:37-74, 2006.
  • P. KRUGMAN, Scale Economies, Product Differentiation and the Pattern of Trade, American Economic Review, 70:950-959, 1980.
  • T. MAYER, G. OTTAVIANO, The Happy Few: the Internationalisation of European Firms, Bruegel Blueprint 3, 2007.
  • M. MELITZ, The Impact of Trade on Intra-Industry Reallocation and Aggregate Industry Productivity, Econometrica, 71:1695-1725, 2003.
  • D. PUGA, European Regional Policies in Light of Recent Location Theories, Journal of Economic Geography, 2:373-406, 2002.
  • M. MELITZ, G. OTTAVIANO, Market Size, Trade and Productivity, Review of Economic Studies 75: 295316, 2008.
  • B. SMARZYNSKA JAVORCIK, Does Foreign Direct Investment Increase the Productivity of Domestic Firms?In Search of Spillovers through Backward Linkages, American Economic Review, 94(3), 2004
Last change 06/07/2011 14:44