European Economics  2016
INT 356

The course focuses on different parts of European economics. It also features a module on Lobbying in the EU. Through these aspects of European economics the students will gain an understanding of the workings of the Common Internal Market, its impact on the Member States and its positioning in our globalized world. Importantly, it will show the link between economics and politics, i.e. beyond the normal expertise of a business student in management, marketing or finances. It is also important to understand the political environment in which all of this takes place in order to be able to utilise business opportunities fully.    

Programme 2016


Presentations and films
Lesson 1.
Wednesday 20 January

True / False questionnaire
Acronyms list

True / False answers
Lesson 2.
Wednesday 27 January

Macroeconomic Principles
Exchange rates exercise

Macro - budget and IR

Lesson 3.
Wednesday 03 February

The debt crisis in Greece
Greek 10-year bonds
Greek debt %GDP
Who bought the bonds?

Macro Revision

The Greek Debt Crisis: Causes, Management and Possible Solutions
Failed austerity in Europe - the way out (2m)
Lesson 4.
Wednesday 10 February

Wealth distribution, growth and poverty Part I
Intra-group research
Research sources
HDI statistics (United Nations Development Programme)

Multidimensional poverty index (Wikipedia)
Gini Index
Eldis aims to share the best in development, policy, practice and research.
Follow-up links
The end of poverty Nobel prize winner Joseph Stilglitz on globalization and poverty
Interview on wealth distribution with Senator Elizabeth Warren and Thomas Piketty (48m)
Research papers from Oxfam International
Observatoire des Inégalités (in French)
- Noam Chomsky, the Prosperous Few and the Restless Many
- Branko Milanovic. The haves and the have-nots. 2011
Sustainable Economics to End Global Poverty from 'Share the World's Resources'
Poverty levels in the world Index Mundi
Complete Greek debt crisis - solutions
Growth (with Green GDP and HDI)

Globalization. The Haves and the Have Nots
200 years of history - wealth and health (BBC)

Lesson 5.
Wednesday 17 February
EMU and the Euro
Origins of monetary systems
Bretton Woods

Euro Convergence Criteria
Maastricht Criteria
New Stability Pact (The 6-Pack) Europa

From Bretton Woods to the Euro (pdf DR)
History of the Euro (15m film European Commission)
Lesson 6.
Wednesday 2 March

EU Trade

Lesson 7.
Wednesday 9 March

Fiscal Policy Part I
Public social spending comparison pdf
World tax comparison
Tax bracket comparison (Wikipedia)
Unemployment benefit comparison pdf
US tax subsidies to industry pdf
Tax revenues OECD
Fiscal policy pdf DR
Monetary and fiscal policy 4m

Research / presentation groups for ESSCALAND:
Income tax
Corporation tax
Petrol / Diesel duty
Tobacco duty
Alcohol duty

Lesson 8.
Wednesday 16 March

Fiscal Policy Part II

EU Commission attacks corporate tax avoidance
Tax avoidance (Inside Story) 25m
Tax havens - the great scam 4m
Major banks help clients hide trillions in offshore tax havens The Real News 14m
Tax me if you can. BBC Panorama 10m
How to dodge tax Part 1. BBC Panorama. 15m
How to dodge tax Part 2. BBC Panorama. 15m
VAT scam. Channel 4. 7m
Alcohol cost in Australia ABC News 4m
UK Alcohol tax revenue (£10bn)
Cost to NHS of alcohol (£2.7bn)
Fiscal Policy Presentations
Income tax
Corporation tax
Petrol / Diesel duty
Tobacco duty
Alcohol duty
Maternity and Child benefit
Unemployment benefit

Lesson 9.
Wednesday 23 March.

Economies of Scale
Airbus and Galileo

China's aviation industry (58m)
Top 4 satellite navigation systems
Airbus links
Airbus pdf (DR)
Introducing EGNOS (film)
Galileo Factsheet (pdf)
Galileo deployment phase (video)
Galileo. Europe leads the way (video)
Lesson 10.
Wednesday 30 March

Financial Crises and Crashes
Gordon Gekko - Greed is Good
Gordon Gekko - "Greed is Not Good"
The 1929 Crash - YouTube (58m)

High Speed Trading
Economic crises and speculation (DR)
The 1929 Wall Street Crash (DR)

Lesson 11
Friday 15 April

Lobbying Part I
Adam Ulrich Ulrich Adam on lobbying. pdf
Lesson 12
Saturday 16 April
Lobbying Part II
Adam Ulrich
Lesson 13
Saturday 16 April
Lobbying Part III
Adam Ulrich
Lesson 14
Wednesday 20 April

2013 exam
2013 exam with answers