Economics of European Union

1. Globalization of World Economy in the 20th century. The impact of globalization on countries with small economy.
2. History, facts and institutions of the EU. The origin, evolution and prospects for the European Union; “Convergence” among EU member states.
3. Trade Policy of the EU. Liberalization of trade - Economic consequences of removing trade barriers. Competitiveness of the economic sectors and liberalization of the Foreign trade.
4. EU competition and state aid policy
5. Costs and benefits of a Common Currency Compared; Critiques of Optimum Currency Area Theory.
6. European Monetary Union: Maastricht and macroeconomic policy. Asymmetric disturbances, differences in national financial and labor markets. Monetary policy Strategy of the ECB.
7. Financial markets and the euro. The debt crisis in Eurozone.
8. Fiscal issues in the EU; The budget of the EU, tax harmonization, pension policy. The EU Budget, principles and competencies. Financial planning procedures. EU funding structure. Discussion on sustainable development and absorption capacity- Case study.
9. Common Agricultural Policy; Reform of the CAP.
10.  The EU Regional Policy. Evolution of the EU regional policy.  Agenda 2000. Regional policy and new priorities in terms on the EU enlargement. Regional Policy Development and Decentralization dimensions..
11. Stability and Growth Pact- consequences for East European countries.The social and economical dimension of pre-accession programs for pre-accession and new-members countries.
12. Social Europe: Labor markets, employment performance. Amsterdam and Lisbon Strategy. Case- study: The social and economic impact of pre-accession development program on labor market and employability.
13.  EU Industrial policy /economics structure /performance.

Baldwin, R. and Wyplosz, C. (2015, 5th ed.), The Economics of European Integration, McGraw Hill 

Miroslav N. Jovanović (2005), The Economics of European Integration Limits and Prospects. Edward Elgar.
El Agra, A. (2001 6 th ed) “Theory and measurement: the theory of economic integration” in the European union: Economics and Politics, Pearson Education Ltd., pp.103- 123.
El Agra, A. (2001 6 th ed) “The economics of the single market” in the European union: Economics and Politics, Pearson Education Ltd., pp.169-183.
Krugman, P. and Obstfeld, M. (2000. 5th ed.): «Optimal Currency areas and the European experience» u  «International Economics: Theory and Policy», Addison-Wesley, str. 608-637
Mundell, R. A. (1968): «A Theory of optimum Currency Areas» u «International Economics»,Macmillan str. 177-186.
Wyplosz,  C.(2000): «EMU: Why and how it might happen» u: FRIEDEN, J. i LAKE, D. (urednici 2000. 4th ed.) «International Political , Routledge str. 270-279.