Efnisyfirlit

• The Economics of European Integration
• Dedication
• Brief Table of Contents
• Detailed Table of Contents
• About the Authors
• Preface
• Acknowledgements
• Guided Tour
• Online Learning Centre
• Part I: History, Facts and Institutions
  • Chapter 1: History
    • 1.1 Early post-war period, 1945ñ50
    • 1.2 Make Europe not war: ECSC, EEC and EFTA, 1951ñ1960
    • 1.3 Evolution to two concentric circles
    • 1.4 Delayed trade integration, accelerated monetary integration: the 1970s
    • 1.5 Deeper circles and the domino effect part II: the Single Market Programme
    • 1.6 Reuniting East and West Europe
    • 1.7 Monetary Union
    • 1.8 Global and Eurozone crises and institutional responses
    • 1.9 Euroscepticism 2.0
    • 1.10 Brexit
    • 1.11 The Covid-19 pandemic
    • 1.12 The European Green Deal
    • 1.13 Summary
    • Self-assessment questions
    • Essay questions
    • References and further reading
  • Chapter 2: Facts, law, institutions and the budget
    • 2.1 Economic integration in the EU
    • 2.2 EU architecture
    • 2.3 EU law
    • 2.4 The ëBig-5í institutions
    • 2.5 Legislative processes
    • 2.6 Some important facts
    • 2.7 The budget
    • 2.8 Summary
    • Self-assessment questions
    • Essay questions
    • References and further reading
  • Chapter 3: Decision making
    • 3.1 Task allocation and subsidiarity: EU practice and principles
    • 3.2 Understanding the task allocation: the theory of fiscal federalism
    • 3.3 Economic view of decision making
    • 3.4 The distribution of power among EU members
    • 3.5 Legitimacy in EU decision making
    • 3.6 Summary
    • Self-assessment questions
    • Essay questions
    • References and further reading
• Part II: The Microeconomics of European Integration
  • Chapter 4: Essential microeconomic tools and tariff analysis
    • 4.1 Preliminaries I: supply and demand diagrams
    • 4.2 Preliminaries II: introduction to open-economy supply and demand analysis
    • 4.3 MFN tariff analysis
    • 4.4 Economic justice and efficiency
    • 4.5 GVC analysis
    • 4.6 Types of protection: an economic classification
    • 4.7 Sources of competitiveness differences
    • 4.8 Summary
    • Self-assessment questions
    • Essay questions
    • References and further reading
  • Chapter 5: The essential economics of preferential liberalization
    • 5.1 Analysis of unilateral discriminatory liberalization
    • 5.2 Analysis of a customs union
    • 5.3 Frictional barriers: the Single Market
    • 5.4 Deep regionalism, the Eurozone and ësoft preferencesí
    • 5.5 WTO rules
    • 5.6 Summary
    • Self-assessment questions
    • Essay questions
    • References and further reading
    • Annex: Discriminatory liberalization: small country case
  • Chapter 6: Market size and scale effects
    • 6.1 Liberalization, defragmentation and industrial restructuring: logic and facts
    • 6.2 The BEñCOMP diagram in a closed economy
    • 6.3 The impact of European integration
    • 6.4 Summary
    • Self-assessment questions
    • Essay questions
    • References and further reading
    • Annex: Details on the COMP and BE curves
  • Chapter 7: Growth effects and factor market integration
    • 7.1 Historical phases of European growth
    • 7.2 Is European integration pro-growth?
    • 7.3 Medium-term growth effects: induced capital formation
    • 7.4 Long-term growth effects: faster knowledge creation and absorption
    • 7.5 Summary
    • Self-assessment questions
    • Essay questions
    • References and further reading
  • Chapter 8: Economic integration, labour markets and migration
    • 8.1 European labour markets: a brief characterization
    • 8.2 Labour markets: the principles
    • 8.3 Effects of trade integration
    • 8.4 Migration
    • 8.5 Summary
    • Self-assessment questions
    • Essay questions
    • References and further reading
• Part III: EU Micro Policies
  • Chapter 9: The Common Agricultural Policy
    • 9.1 The old simple logic: price supports
    • 9.2 Changed circumstances and CAP problems
    • 9.3 The simple economic logic of CAP reform
    • 9.4 CAP reform
    • 9.5 Todayís CAP
    • 9.6 Summary
    • Self-assessment questions
    • Essay questions
    • References and further reading
  • Chapter 10: Location effects, economic geography and regional policy
    • 10.1 Europeís economic geography: the facts
    • 10.2 Theory part I: comparative advantage
    • 10.3 Theory part II: agglomeration and the new economic geography
    • 10.4 Theory part III: putting it all together
    • 10.5 EU regional policy
    • 10.6 Empirical evidence
    • 10.7 Summary
    • Self-assessment questions
    • Essay questions
    • References and further reading
  • Chapter 11: EU competition and state aid policy
    • 11.1 The economics of anti-competitive behaviour and state aid
    • 11.2 EU competition policy
    • 11.3 Summary
    • Self-assessment questions
    • Essay questions
    • References and further reading
  • Chapter 12: EU trade policy
    • 12.1 The EUís new open, sustainable and assertive trade policy
    • 12.2 Patterns of trade and tariffs: facts
    • 12.3 EU institutions for trade policy
    • 12.4 EU trade policy: existing arrangements and instruments
    • 12.5 EU climate policy
    • 12.6 Summary
    • Self-assessment questions
    • Essay questions
    • References and further reading
• Part IV: The Macroeconomics of Monetary Integration
  • Chapter 13: Essential macroeconomic tools
    • 13.1 The closed economy: a refresher
    • 13.2 The open economy
    • 13.3 The impossible trinity principle
    • 13.4 The real exchange rate and the purchasing power parity principle
    • 13.5 Applications: macroeconomic policies and the exchange rate
    • 13.6 Summary
    • Self-assessment questions
    • Essay questions
    • References and further reading
    • Annex: Various exchange rate regimes
  • Chapter 14: Optimum currency areas
    • 14.1 The question, the problem and the short answer
    • 14.2 Benefits of a currency area
    • 14.3 Costs of a currency area
    • 14.4 The optimum currency area criteria
    • 14.5 Is Europe an optimum currency area?
    • 14.6 Is Europe becoming an optimum currency area?
    • 14.7 Summary
    • Self-assessment questions
    • Essay questions
    • References and further reading
• Part V: EU Monetary and Fiscal Policies
  • Chapter 15: The Monetary Union: principles and practice
    • 15.1 Principles
    • 15.2 The five entry conditions
    • 15.3 The Eurosystem
    • 15.4 The monetary policy strategy
    • 15.5 Independence and accountability
    • 15.6 Summary
    • Self-assessment questions
    • Essay questions
    • References and further reading
  • Chapter 16: Fiscal policy and the Stability Pact
    • 16.1 Fiscal policy in the monetary union
    • 16.2 Fiscal policy externalities
    • 16.3 The Stability and Growth Pact
    • 16.4 Fiscal coordination: new steps
    • 16.5 Summary
    • Self-assessment questions
    • Essay questions
    • References and further reading
  • Chapter 17: The financial markets and the euro
    • 17.1 Essentials of financial markets
    • 17.2 Financial effects of the monetary union
    • 17.3 The Eurozone and its banks
    • 17.4 The international role of the euro
    • 17.5 Summary
    • Self-assessment questions
    • Essay questions
    • References and further reading
  • Chapter 18: The three crises of the Eurozone
    • 18.1 Stage one: the Global Financial Crisis
    • 18.2 Stage two: the public debt crisis in the Eurozone
    • 18.3 Stage three: the pandemic crisis
    • 18.4 The legacy of the crises
    • 18.5 Summary
    • Self-assessment questions
    • Essay questions
    • References and further reading
  • Chapter 19: Economics of Covid-19
  • Chapter 20: Brexit: Problems andprospects
  • Chapter 21: The history of Europeanmonetary integration
• Index

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