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.
Key Features include:
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Richard Baldwin and Charles Wyplosz are Professors of International Economics at the Graduate Institute of International Studies, Geneva. Both authors are leading economists and teachers and are active as editors on a number of prestigious journals, including Economic Policy. Both Richard and Charles have international experience in teaching, and advise a variety of institutions at the highest level, bringing their expertise and strength of analysis to this textbook.
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
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