Unit EUROPEAN ECONOMIC INTEGRATION
- Course
- International relations
- Study-unit Code
- A005401
- Curriculum
- Conflitti internazionali, studi strategici e analisi di politica estera
- Teacher
- Marco Lorusso
- Teachers
-
- Marco Lorusso
- Hours
- 52 ore - Marco Lorusso
- CFU
- 8
- Course Regulation
- Coorte 2025
- Offered
- 2026/27
- Learning activities
- Affine/integrativa
- Area
- Attività formative affini o integrative
- Sector
- SECS-P/02
- Type of study-unit
- Opzionale (Optional)
- Type of learning activities
- Attività formativa monodisciplinare
- Language of instruction
- English
- Contents
- At the end of the module, the student will acquire the knowledge about the main topics related to the European Monetary Union: in particular, the theory of optimal currency areas (OCA), the costs and the benefits of a monetary union, the fragility of incomplete monetary unions, how to complete a monetary union, the transition towards a monetary union, monetary policy of the BCE and national fiscal policies in the European Monetary Union, the plans for a common defence.
- Reference texts
- De Grauwe P., “Economics of Monetary Union”, Fifteenth Edition, Oxford University Press, 2026.
Baldwin R., Wyplosz C., “The Economics of European Integration”, Seventh Edition, McGraw Hill, 2022. - Educational objectives
- The module aims to provide theoretical and analytical principles in order to understand the economic concepts of the process of the European economic and monetary integration. The process of economic integration will be analysed using tools of macroeconomic analysis. In particular, the module aims to provide an in-depth analysis of the link between theoretical models and real-world issues.
- Prerequisites
- Introductory economics
- Teaching methods
- Lectures, seminars
- Other information
- No
- Learning verification modality
- Written and oral exam
- Extended program
- The costs of a common currency
The theory of optimal currency areas: a critique
The benefits of a common currency
Costs and benefits compared
The fragility of incomplete monetary unions
The transition towards a monetary union,
Plans for a common defence - Obiettivi Agenda 2030 per lo sviluppo sostenibile