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
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.
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
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.
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.
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.
- 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