Economics of European Integration

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:

• New to this edition is a fully revised and expanded Part on EU Policies, including new chapters dedicated to Regional Policy, EU competition and state aid policy, and EU trade policy.
• Focus on the economic analysis of integration: The core of the book explores the topics of trade integration and the macroeconomics of European integration in full. The up-to-date economic coverage is ideal for students taking economics modules that do not require extensive analysis of social and policy issues. Further appendices of economic theory are also provided as appropriate.
• Learning features: The book provides a clear and consistent structure to aid student learning. Each chapter features boxed examples and illustrations, end of chapter summaries, self-assessment questions, essay questions, and lists of useful websites, further reading and references.
• Updates online: Integration initiatives continue to progress at a tremendous pace. Reflecting the need for currency and relevance in this fast-moving field, a range of online essays and articles on new developments and challenges will be posted on the Online Learning Centre at: www.mcgraw-hill.co.uk/textbooks/baldwinandwyplosz
  
• Updated and expanded to include developments within the EU. New material includes coverage of economic integration, labour markets & migration, EU competition & state aid policy, and EU trade policy
  
• Focus on the economic analysis of integration ?? the core of the book explores trade integration and the microeconomics of European integration in full
  
• Pedagogy ?? Each chapter features boxed examples and illustrations, end of chapter summaries, self-assessment questions, essay questions, lists of useful websites, further reading and references to assist student learning
  
• Up-to-date and comprehensive coverage
  
• Explores theory and then applies it to current EU issues and developments
  
• Applies theory in a real-world contaxt to aid student learning
  
• New chapters on regional policy, EU competition and state aid policy, and EU trade policy
  
• Expanded chapter 2 on history, plus part 2 dedicated to microeconomic theory
  
• Features in every chapter
  
• What do you consider to be the recent developments in EU policy? How well does your current text cover these topics?
  
• How important is the balance of theory and the application of this to real issues within the EU? How well does your current text strike this balance?
  
• How important is pedagogy to assist students learning? Does your current text provide up-to-date examples and questions that challenge students?
  

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