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Course, academic year 2023/2024
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European Economic Integration - JPM313
Title: European Economic Integration
Guaranteed by: Department of Political Science (23-KP)
Faculty: Faculty of Social Sciences
Actual: from 2014
Semester: winter
E-Credits: 6
Examination process: winter s.:
Hours per week, examination: winter s.:2/2, Ex [HT]
Capacity: unknown / unknown (unknown)
Min. number of students: unlimited
4EU+: no
Virtual mobility / capacity: no
State of the course: not taught
Language: English
Teaching methods: full-time
Teaching methods: full-time
Additional information:
Note: course can be enrolled in outside the study plan
enabled for web enrollment
priority enrollment if the course is part of the study plan
Guarantor: PhDr. Petr Hedbávný
prof. Ing. Oldřich Dědek, CSc.
Incompatibility : JEB026, JEM168, JPM511
Interchangeability : JEM168
Is incompatible with: JMMZ023
Examination dates   Schedule   Noticeboard   
Files Comments Added by
download dip01_Basic_Notions_and_Concepts.pdf dip01_Basic_Notions_and_Concepts PhDr. Petr Hedbávný
download dip02_Free_Movement_of_Goods.pdf dip02_Free_Movement_of_Goods PhDr. Petr Hedbávný
download dip03_Free_Movement_of_Capital_and_Services.pdf dip03_Free_Movement_of_Capital_and_Services PhDr. Petr Hedbávný
download dip04_Monetary_Integration_and_the_Euro.pdf dip04_Monetary_Integration_and_the_Euro PhDr. Petr Hedbávný
download dip05_Integration_of_Fiscal_Policies.pdf dip05_Integration_of_Fiscal_Policies PhDr. Petr Hedbávný
download dip06_Labour_Markets_and_Social_Policy.pdf dip06_Labour_Markets_and_Social_Policy PhDr. Petr Hedbávný
download dip07_Common_Agricultural_Policy.pdf dip07_Common_Agricultural_Policy PhDr. Petr Hedbávný
download dip08_Regional_Policy.pdf dip08_Regional_Policy PhDr. Petr Hedbávný
download dip09_Trade_and_Aid_Policy.pdf dip09_Trade_and_Aid_Policy PhDr. Petr Hedbávný
download dip10_Competition_and_Industrial_Policy.pdf dip10_Competition_and_Industrial_Policy PhDr. Petr Hedbávný
Last update: HEDBAVNY (04.10.2011)
The course covers all relevant aspects of European economic integration and is composed of ten topics: 1. Basic Notions and Concepts, 2. Free Movement of Goods, 3. Free Movement of Capital and Services, 4. Monetary Integration and the Euro, 5. Integration of Fiscal Policies, 6. Labour Markets and Social Policy, 7. Common Agricultural Policy, 8. Regional Policy, 9. Trade and Aid Policy, 10. Competition and Industrial Policy.
Aim of the course
Last update: HEDBAVNY (04.10.2011)

Introductory comprehensive course to the European economic integration. Individual topics of economic integration are approached from three angles: i) theoretical background helping understand desirability of integration methods are presented, ii) integration processes are explained from the historical perspective and iii) discussion pays attention to current problems and challenges. Lectures are supplemented with seminars with the aim to encourage active participation.

Last update: HEDBAVNY (08.10.2012)

- BALDWIN, Richard E. a Charles WYPLOSZ. The economics of European integration. 4th ed. London: McGraw-Hill Higher Education, 2012, xix, 654 s. ISBN 978-0-07-713172-2.
- Set of lecturer's presentations

- SENIOR NELLO, Susan. The European Union: economics, policies and history. 2nd ed. London: McGraw-Hill, 2009, xxv, 514 p. ISBN 978-0-07-711813-6.

- DĚDEK, Oldřich. Historie evropské měnové integrace: od národních měn k euru. 1. vydání, Praha: C.H. Beck, 2008, xix, 260 s. ISBN 978-80-7400-076--8. (in Czech; if you do not read Czech, use GROS, Daniel a Niels THYGESEN. European monetary integration. 2nd ed. Harlow: Longman)

EL-AGRAA, A. The European Union: economics and policies. 9th ed. Cambridge: Cambridge University Press, 2011, xxvii, 489 p. ISBN 978-1-107-40011-5.


Teaching methods
Last update: HEDBAVNY (08.10.2012)

o get a pass grade, student needs to
- collect a minimum amount of points from written examination in order to qualify for the oral examination
- and pass the oral examination.

For detailed and updated information, please visit the course webpage:

Students will be asked
- to prepare one analytical presentation - written or oral during the seminars (20 points)
- and take the final written examination (80 points).
To be allowed to take the oral examination, students need to collect a minimum amount of points.

Last update: HEDBAVNY (04.10.2011)

1. Basic Notions and Concepts: stages and methods of integration, dimensions and forms of integration, economic arguments of subsidiarity, legal foundations of the EU and its constitutional treaties, main European institutions.


2. Free Movement of Goods: theories of foreign trade liberalisation, theories of protection, tariff and non-tariff barriers to trade, free trade area versus customs union, discriminatory liberalisation, trade creation versus trade diversion, objectives of Rome Treaty, formation of customs union, technical barriers to trade, objectives of SEA, Lisbon Strategy.


3. Free Movement of Capital and Services: benefits of capital liberalisation, typology of capital restrictions, pressures to deregulate, consequences of single currency, features of service sector, benefits of liberalisation of services, integration methods, liberalisation of banking industry.


4. Monetary Integration and the Euro: theory of optimum currency areas, exchange rate as a shock absorber, competitive devaluation, equilibrium devaluation, monetarist critique of Phillips curve, Barro-Gordon model, exchange rate and capital mobility, impossible trinity, endogeneity of monetary union, Bretton-Woods system, European Payment Union, Werner Report, snake in the tunnel, European Monetary System, ECU, parity grid, collective realignments, 1992-93 crisis, Delors Report, Maastricht Treaty, convergence criteria, perceived inflation, Eurozone enlargement.


5. Integration of Fiscal Policies: basic features of European budget, sources of budget, first reforms, multi-year financial perspectives, pros and cons of tax harmonisation, origin versus destination principle of taxation, degree of tax harmonisation, Stability and Growth Pact, motivation and basic features of SGP, excessive deficit procedure, SGP reform.


6. Labour Markets and Social Policy: benefits of LM liberalisation, changing patterns of European migration, Schengen Agreement, links to JHA and CFSP, LM concepts, European social models, evolution of EU social policies, social dumping, links to monetary integration.


7. Common Agricultural Policy: rationale for state assistance, cobweb theorem, formation of CAP, main price and non-price intervention instruments, green currencies, key problems of CAP, reforms of CAP, challenges of Eastern enlargement.


8. Regional Policy: regional differences in EU, centrifugal and centripetal agglomeration effects, model of spatial equilibrium, evolution of RP, principles of operation, structural and cohesion funds, objectives of RP, organisation of RP, challenges of RP.


9. Trade and Aid Policy: world trade flows, EU trade partners, World Trade Organisation, WTO negotiation rounds, rationale for common trade policy, preferential pyramid of EU trade relations, EFTA, EEA, ACP countries, association treaties, hub-and-spoke integration, GSP.


10. Competition and Industrial Policy: protection of competition, monopolistic and oligopolistic equilibrium, reasons for supranational CP, five components of CP, organisation and coordination of CP, reforms of CP, approaches to IP, evolution of EU IP.

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