Economic History

Teaching results

Teaching results:
The course will enable graduates to analyze and interpret processes, events, measures in the EU and understand the impacts and interactions between the European level and Member States.
The aim of the course is to familiarize students with the mechanisms, institutions, common economic policies of the European Union. The course approaches the topic of European integration from several perspectives: the theoretical background is used to clarify the ongoing integration processes; the historical development is outlined in individual areas of integration and the current state of integration is discussed with open questions and challenges. This approach allows students to create an analytical framework of the problem and critically evaluate individual measures. The course aims to lead students to critical thinking and application of knowledge from economic theory to current European problems. The issue of enlargement and reform of the EU institutions is attended in the whole subject.
Knowledge:
Completion of the course will allow to understand the complexity of European integration, analyze the basic microeconomic and macroeconomic context in European economic integration, analyze and understand the political context of European integration and understand and analyze the benefits and costs of the integration process.
Competences:
After completing the course, students should be able to explain:
 what is the current state of European integration and how it has changed over time
 what were the different stages of the integration process in Europe
 what are the institutions, the legal system and the decision-making procedures of the European Union
 what is the microeconomic aspect of European integration (tariff analysis, preferential liberalization, market size and scope effect, allocation effects of integration, ...)
 what are the effects of European integration on labor markets and migration
 the importance of EU microeconomic policies: the common agricultural policy, regional policy, competition policy and trade policy
 what are the political and economic contexts of the emergence of European monetary integration
 what are the benefits and risks of membership of the monetary union
 the effectiveness of the European monetary policy and the EU fiscal policy framework
 what are the possible risks to the euro area in the form of a financial or debt crisis.
Skills:
a) Gaining the ability to think critically, applying theoretical knowledge to current economic problems.
b) Acquisition, processing and interpretation of relevant economic data from international databases (Eurostat, OECD, WB, IMF, UNCTAD), the ability to empirically examine areas of economic integration.
c) In the seminars, students are expected not only individual but also teamwork in assessing current issues in the European Union and their possible impact on EU Member States. In tutorial, students are expected to work not only individually but also in teams. The students learn how to discuss and present their arguments.