B019593 - ECONOMICS OF EUROPEAN INTEGRATION

Italian

The course aims at discussing and analysing the process of economic European integration. Main topics: developments in markets integration and their effects on economic growth; localization of economic activities in the EU; the OCA theory; the macroeconomics of European integration: economic policies after the recent economic crisis; the EU budget and reforming proposals; the integration of financial markets and the capital markets union.

The textbook for this course is Baldwin-Wyplosz (2020), The Economics of European Integration, Sixth Edition, Mc-Graw Hill.

Tommaso Padoa-Schioppa, L’euro in prospettiva storica, (doi: 10.1402/1268), il Mulino (ISSN 0027-3120), Fascicolo 1, gennaio-febbraio 2002 (downloadable from moodle)
Franklin Allen and Luboš Pástor (2018), The Capital Markets Union: Key Challenges, CEPR Discussion Paper, DP12761 (downloadable from moodle)


These references should be integrated by other materials (papers, reports, articles, institutional documents) made available on the e-learning page of the course. To get the keyword to access the page, please ask the teacher.

Knowing and Understanding the economic theories and the main characteristics of economic institutions and macroeconomic governance in the European Union.
Abilities at the end of the course: 1) to critically analyze and discuss the theoretical foundations of institutional framework and governance of economic policies in the European Union; 2) to have a critical autonomous thinking on the opportunity and the design of reforming the existing framework and on the future perspectives of the economic integration process; 3) to search the literature on the topics of the course and to exploit it at professional level; 4) to effectively communicate with appropriate specific language.

Macroeconomics and international economics.

This is an essential requirement also for Erasmus and foreign students as well as for students of other degrees at the University of Florence.

Lectures and seminars with Italian and foreign experts.

The course syllabus is available on the Moodle page of the course. This page is open until September, at the beginning of the new academic year.

Attending and non-attending students are encouraged to download the slides of the lectures and all other materials available on the platform. The key of the course to access the Moddle page should be asked to the teacher.

This course is part of the Jean Monnet Chair "HOuseholds’ energy Poverty in the EU: PERspectives for research and policies" (HOPPER) financed by the Erasmus+ Programme of the European Commission for the years 2019-2022.

https://ec.europa.eu/programmes/erasmus-plus/projects/eplus-project-details/#project/610775-EPP-1-2019-1-IT-EPPJMO-CHAIR

EXAM MODALITIES WINTER SESSION
In the winter session 2020-2021 (December-February) the exam will be held in presence.
The exam is written with four open-ended questions on the exam syllabus (6 or 9 cfu respectively) (time: two hours).

The course is divided into three modules as follows:
First and second modules
General introduction to the process of European economic integration. Effects of economic integration in the EU and economic growth. Localisation of economic activities: the new economic geography. The OCA theory. The economic governance in the European Union: fiscal federalism principles for fiscal rules. Fiscal policy in a monetary union. The Stability and Growth Pacts and its evolution in time. The Cyclically-Adjusted Budget Balance (CAB). The economic governance after the economic crisis. The European Semester, the Euro-Plus Pact, , Six-Pack, Two-Pack. Fiscal Compact. The European budget. The integration of financial markets and the capital markets union.
Third module
Oral presentations of attending students based upon articles from the scientific literature on topics of the course.