The Economics of European Integration, 4th edition 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. Designed for students taking modules in European economics, the book offers a rigorous exposition of economic arguments alongside examples, illustrations, and questions that bring the contemporary topic to life. The up-to-date economics coverage is also ideal for students taking economics modules that do not require extensive analysis of social and policy issues. Key topics explored in the new edition Updated and expanded Lisbon Treaty coverage Credit crisis and EU response, especially banking regulation The impact of the great recession Developments related to EU enlargement to the East The problem of the Greek public debt Future of the Stability and Growth Pact
Part 1: History, Facts and Institutions 1. History 2. Facts, Law, Institutions and Budget 3. Decision Making Part 2: the Microeconomics of European Integration 4. Essential Microeconomic Tools 5. The Essential Economics of Preferential Liberalization 6. Market Size and Scale Effects 7. Growth Effects and Factor Market Integration 8. Economic Integration, Labour Markets and Migration Part 3: EU Micro Policies 9. The Common Agricultural Policy 10. Location Effects, Economic Geography and Regional Policy 11. EU Competition and State Aid Policy 12. EU Trade Policy Part 4: The Macroeconomics of Monetary Integration 13. Essential Macroeconomic Tools 14. Essential facts of Monetary Integration 15. Optimum Currency Areas Part 5: EU Monetary and Fiscal Policies 16. The European Monetary Union 17. Fiscal Policy and the Stability Pact 18. The Financial Markets and the Euro 19. The Eurozone in Crisis