THE ECONOMICS OF THE EUROPEAN UNION

SHE Level 2
SCQF Credit Points 20.00
ECTS Credit Points 10.00
Module Code M2L122530
Module Leader James Campbell
School Glasgow School for Business and Society
Subject Economics
Trimester
  • B (January start)

Pre-Requisite Knowledge

Level 1 economics module or equivalent

Summary of Content

Decisions taken by the European Union (EU ) are increasingly important in terms of shaping the environment in which businesses operate. There are very few areas of business life, which are not affected by decisions and policies, developed by the EU. The EU can no longer be viewed as simply a trading organisation it has developed into much more than that and continues to develop in terms of increasing the level of economic integration between its members and also the number of member states. In recent years we have witnessed the establishment of the single European market, the introduction of the single currency, the Euro and the expansion of the EU from 12 countries to its current complement of 28. In order to understand the nature of business organisations for example why they adopt particular marketing or financial strategies you need to first of all understand and appreciate the environment in which they operate. That environment is increasingly determined at the European level. This introductory module will provide students with an insight into the nature of the EU as an organisation. Specifically it will investigate and explore the economic and political rationale for the establishment of the EU and the nature and the role of the main EU institutions. Economic integration will be discussed further in relation to the development of the single European market and the introduction of the Euro. Finally the often, fractious relationship between Britain and the rest of the EU will be explored in some depth.

Syllabus

Introduction: The Origins of the European Union. The Institutional Framework of the European Union The Governance of the EU. Theory and practice of European Economic Integration The Completion of the Single European Market. Rationale and progress The Single Currency. Rationale and impact. Britain and the European Union.

Learning Outcomes

On successful completion of this module, the student should be able to:Understand the reasons behind the establishment of the EU.Identify the main roles and functions of the European Commission, European Parliament, European Council and European Court of Justice.Appreciate the nature of decision-making and policy formulation within the EU.Understand the main benefits and costs associated with regional economic integration.Comprehend the economic rationale behind the single European market and the single currency.Appreciate the extent to which the single European market has been achievedUnderstand and evaluate the debate over the costs and benefits of the single currency.Demonstrate a critical understanding of Britain's relationship with the EU.

Teaching / Learning Strategy

The teaching learning strategy for this module will be focused upon a number of thematic lectures and student-centred seminars. Formal lectures will be complemented by student led seminars in which the issues will be explored in greater depth. Extensive use will be made of the GCU learn site for this module as a feedback mechanism and as a source of additional information for the students. -108 GSBS will continue to use the advancement of GCU Learn as a blended learning tool through its teaching and learning as well as through engagement with students. GSBS will ensure that all modules are GCU Learn enabled and with the support of the Learning Technologists at the cutting edge of development of online materials. Academic staff and the Learning Technologists will continue to work together to develop and operate all modules on GCULearn to ensure student support and information sharing. Students are provided with formative and summative feedback via a variety of mechanisms. Feedback on coursework is provided within 3 working weeks of submission.

Indicative Reading

A. El-Agraa The European Union Illuminated. Its Nature Importance and Future. Palgrave MacMillan 2015 N. Copsey Rethinking the European Union Palgrave 2015 R. Baldwin & C. Wyplosz Economics of European Integration (4 th edition) Mc Graw-Hill 2012 P. De Grauwe Economics of Monetary Union (11th edition) OUP 2016 Web Sites -567 Online sources: <http://europa.eu./> The official EU page on the web. Links to Eurostats and member states. <http://scholar.google.com/> Search engine for locating published academic articles on a wide variety of topics. <http://www.economist.com/> Web page of The Economist good source of information and data on countries and international business developments <http://new.sourceoecd.org/> Web page for the Organisation for Economic Cooperation and Development (OECD) links to statistical databases on economic performance in a wide variety of countries <http://globaledge.msu.edu/ibrd/ibrd.asp> Directory of international business resources. Search engine for locating published academic articles on a wide variety of topics.

Transferrable Skills

Learning skills: The ability to use library skills and IT skills to undertake the research necessary to fulfil the requirements of the seminar programme and coursework. Communication: Ability to express concepts and arguments with clarity and confidence. These skills will be acquired through oral presentations in seminars and the submission of an essay. Self-management: ability to set personal objectives and manage time and tasks.

Module Structure

Activity Total Hours
Independent Learning (FT) 110.00
Lectures (FT) 24.00
Seminars (FT) 12.00
Assessment (FT) 54.00

Assessment Methods

Component Duration Weighting Threshold Description
Presentation n/a 25.00 35% Oral Presentation
Essay n/a 25.00 35% Individual essay
Exam (Exams Office) 2.00 50.00 35% unseen exam