ECONOMIC OF THE EUROPEAN UNION

Single discipline educational activity

Course Sheet

Course code:

LM57005

Academic Year of enrolment:

2018

Year of supply:

2019/2020

Type of Course:

Characterising

Degree:

Course of 2nd Cycle Degree in MANAGEMENT, FINANCE AND DEVELOPMENT

Disciplinary Sector:

Political Economy

Location:

Credits:

Programme Year:

Professor and Collaborators:

FELICE Claudio Emanuele

Cycle:

First semester

Hours of classroom activity:

Individual study hours:

135

Prerequisites:

Basic macroeconomics.

Objectives

EDUCATIONAL TARGETS
The first objective of the course is to make the students understand the process of European Integration and the dynamics of the European Union, presenting in detail not only the economic theories but also the historical, political and cultural factors necessary to comprehend the long path started after the Second World War, by many standards exceptional in human history. The second aim is to make students fully aware of the importance of European policies for the lives of citizens, of their role for the national economy and policy, and of their process of formation and implementation.

The contents of the course are therefore an important contribution to achieving the educational objectives of the entire course of study, such as: the acquisition of knowledge of regulatory and institutional contexts, especially at the international level, where the optimal use of optimal use of cultural-historical, environmental and human resources is determined; the ability to identify the tools of economic policy in support of sustainable socio-economic growth and development models, also with reference to regulatory aspects; advanced knowledge and understanding of the real functioning of economic systems, in the sectors relevant to the activities of private companies and tpublic institutions, of their way of operating and of market regulation problems, and as regards the institutional and regulatory environment in which such phenomena occur.
 
EXPECTED LEARNING OUTCOMES
KNOWLEDGE AND UNDERSTANDING 
At the end of the course the students will be in possession of the cognitive tools to: analytically evaluate the European economic policies, their impact on the life of the citizens and on the economies of the national states, as well as the formation process of the strategic directions of the Union, of the particular economic choices, and of the European consensus and public opinion. 

APPLYING KNOWLEDGE AND UNDERSTANDING 
The acquired knowledge can be applied in the sectors of services and industry, in public and private companies, business consortia, business and social associations, research organizations, government institutions (local, national and international), development agencies in order to:
build macroeconomic indicators useful for formulating forecasts and scenarios; carry out research on development or investment opportunities, in the European context; define growth strategies in the European context; prepare European funding projects; define economic policies and guidelines at the European level.

MAKING JUDGEMENTS
At the end of the course the students will be able to: critically examine the economic policies in place, at European and national level; identify / develop links between particular choices in Europe and the different national contexts, as well as between the national and European political spheres; apply their knowledge to the identification of the main critical issues related to the functioning of the European Union and the economic policies and strategic directions followed. 

COMMUNICATION SKILLS 
At the end of the course the students will have acquired the following communication skills: knowing how to use economic language adequately; knowing how to discuss rigorously the different aspects of European economic policy, the institutional dynamics of the Union and their functioning.

Contents

The course content will be structured as follows.
I. The economy of the European Union from its origins to the present day: the first momentum, the birth of the European Economic Community and the economic miracle; the years of the crisis and the second European revival, the economic and monetary union; the economy of the European Union today, opportunities and problems.
II. The economic policies of the European Union: European policies for the real economy; redistributive and growth policies; monetary and budgetary policies; policies for citizens and consumers; trade policies. Institutions, the decision-making process and the formation of a European consensus.

Extended Syllabus

Part I.
The economy of the European Union from its origins to our days:
the Marshall Plan and the European economic recovery;
the end of autarchy and the liberalization of the European trade;
the first attempts at European economic integration (1947-1955);
the birth of the European Economic Community and the role of Italy;
the Bretton Woods international monetary system and Europe;
birth and evolution of the European Monetary System;
the second European relaunch: the economic and monetary union;
the economy of the European Union today: crisis, open problems, opportunities;
beyond Brexit.

Part II.
The economic policies of the European Union:
European policies for the real economy;
redistributive and growth policies;
economic, monetary and budgetary policies;
policies for citizens and consumers;
European Union foreign relations and trade policies;
the institutions and decision-making processes of the European Union;
judicial and financial control institutions of the European Union and advisory bodies;
the formation of the political consensus of the European Union and the European public space;
the European Union and the human rights: the system, the objectives, an evalutation.

Recommended Bibliography

F. Fauri, L'Unione Europea. Una storia economica, Bologna, il Mulino, 2017.

R. Santaniello, Capire l’Unione europea. Politiche, diritto, economica, Bologna, il Mulino, 2016.

Teaching Methods

The lectures will be held by the teacher in the form of frontal classes, which will revolve around theoretical topics. Attendance is on a voluntary basis, but it is strongly encouraged.

Evaluation methods

Verification of learning:

Final examination: Written.

Modalities for learning verification: learning verification is based on an written examination, through 2 open-ended questions aimed at assessing students’ knowledge of the teaching material, independence and communication skills. Particular attention will be paid to the appropriateness of the language used, the ability to connect several topics and critically conduct a dialogue on the topics proposed by the teacher. The final grade is based on a 30-point scale.

Contacts/More Information

E-mail: emanuele.felice@unich.it
Days and hours of reception of students: Wednesday, 11-13 am.

Università degli Studi
"G. d'Annunzio"

Chieti - Pescara

Aree