Economics of the European Union

Discipline: Semester at Sea Seminars
Instructor: James
Credits: 3
Day: C
Start: 0800
End: 0915
Field Work: Day 4 - Greenock - Tuesday, 8 July | Scotland
Prerequisites: Econ 2010 and 2020 Download Syllabus

This course studies the history and evolution of European economic integration and the
European Union. The first part of the course examines the real side, the institutions
of the EU, their structure and what they do, with particular reference to the integration
and regulation of product and factor markets. The second focuses on the monetary
and financial side, the theory behind monetary unions or common currency areas, with
application to the euro. The third considers the nature of the relationship between
individual member states or closely-affiliated nonmembers and the EU as a whole.

Field Work

Country: Scotland
Day: 4 - Greenock - Tuesday, 8 July

This field lab investigates the relationships between smaller states and the supranational European Union, in particular the extent to which the EU umbrella makes regional autonomy or independence more feasible and viable for Scotland.   Activities include a tour of the Scottish Parliament in Edinburgh and discussions with proponents of Scottish independence at the University of Glasgow. Academic Objectives: 1.  To examine how the EU umbrella in economic, foreign, and military policy might encourage/allow the development of greater intra-nation autonomy and/or complete independence for some smaller states 2.  To study the Scottish independence movement in particular and how the EU might be a factor