GEST-547 The European Economy
Fall for 2016-2017
The European Economy proceeds on a variety of levels, ranging from labor markets to foreign direct investment, trade, institutional harmonization, fiscal policy coordination and monetary union. This course concentrates on a subset of these developments: The integration of the goods market (trade) and of factor markets (foreign direct investment and labor mobility). The course follows a dual strategy, beginning with an examination of theoretical issues arising in each of the aforementioned areas, such as the determinants of trade patterns, the income distribution consequences of opening trade, the motives for capital and labor mobility, etc. These concepts are then applied specifically to the case of Europe, including the relevant economic history, the current institutional framework, the observed effects of liberalization on trade and income patterns and the remaining obstacles.
Credits: 3
Prerequisites: None
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