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The course offers a series of analytical tools to understand European economic development as well as economic policies related to EU integration and enlargement, their political and economic prerequisites and their impact on member states. At the end of the course, students will be able to use models of political economy, institutional economics and economic analysis in order to critically evaluate the process of economic integration in Europe in the trade, monetary and financial areas.

Knowledge and understanding

The course aims to provide advanced knowledge in the economic field, extending the knowledge acquired in the first cycle, in order to understand the relevant scientific literature on European Economic Union.

Applying knowledge and understanding

The course aims to provide a global and coherent view of the different aspects concerning the multiple dimensions in which the European economic reality unfolds in the global context.

Further expected learning outcomes:

  • Making judgements: The student will have the tools of critical analysis necessary for autonomous interpretation and the expression of his own judgment on the most diverse issues examined during the course. He will be able to apply the concepts learned to provide adequate solutions to the main issues examined; this capacity will also be accompanied by an adequate and mature critical reflection on the social responsibilities connected to the application of the acquired knowledge.

  • Communication skills: The student will be able to interact and communicate, using appropriate technical terminology, with different interlocutors who present heterogeneous degrees of knowledge on the emerging problems in the European horizon.

  • Learning skills: The student will be able to continue his studies, with a high level of autonomy and responsibility, on the themes of the European economic dynamics.


  • The optimal currency areas

  • Costs of a monetary union

  • Benefits of a monetary union

  • The European Central Bank

  • Fiscal policy in Europe

  • Monetary policy in Europe

  • Financial markets in EU area


Recommended textbooks:

P. De Grauwe - Economics of Monetary Union - ed. Oxford University Press


Learning results to be verified

The student must be able to analyze and understand the emerging issues of the international economic scenario with particular reference to the euro area. The expected results will be verified through oral tests.

Assessment method:

Oral examination

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