Economics and the European Union

The course will commence with a historical overview of the initial post-war stages of formation, along with the reasons for arriving at a decision to link states in a common economic policy setting. From there, students will examine the theory and practice of economic integration, followed by monetary integration and monetary union. Exchange rate mechanism will then be considered as a tool to control inflation, followed by the progression toward the SEM. Thereafter, the various policies produced and enacted within the EU framework will be examined in terms of past formation, present performance and future expectations. In particular, the EU Energy, Environmental, Common Agricultural, Fisheries and Cohesion policies will be considered. The course will close by looking at the performance of the EU as an external competitor and the future of and for the EU.

Corvinus University of Budapest awards credits based on the ECTS system (2 ECTS credits equals 1 U.S. credit therefore, 6 ECTS credits is equivalent to 3 U.S. credits). At Corvinus University of Budapest, all classes meet for a minimum of 180 minutes per week. Contact hours are calculated through a combination of lecture hours and outside activities which can include (workshops, seminars, fieldwork activities, guest lectures, and independent work) therefore, contact hours may vary on syllabi