European Economics  2018
INT 356

The course focuses on different parts of European economics and politics. It also features a module on Lobbying in the EU. Through these aspects of European economics and politics, students will gain an understanding of the workings of the Common Internal Market, its impact on Member States and the EU's position 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.    
Course content may vary one week to another depending upon the availability of PECT rooms.
Evaluation: Exam 50%. Fiscal Policy
Presentation 25%.  Lobbying Presentation 25%. Syllabus 2018

Programme 2018


Presentations and films
Lesson 1.
Thursday 18 January

True / False questionnaire
Acronyms list

True / False answers
Lesson 2.
Tuesday  23 January

Macroeconomic Principles
Exchange rates exercise

Macro - budget and IR
Macro Revision

Lesson 3.
Tuesday  30 January

The debt crisis in Greece
Greek 10-year bonds
Greek debt %GDP
League table of Greek debt
Greek reform list
Where did the money go?

ECB profits from Greek debt
Germany profits from Greek debt
IMF benefits from Greek debt
Greece sells 14 airports to Germany
Germans begin the looting of Greece

The Greek Debt Crisis: Causes, Management and possible solutions (pdf DR)
Structural inflexibility within the Eurozone (pdf DR)
Failed austerity in Europe - the way out (2m)
Greek selling off public assets (2m)
TROIKA and Greek restructuring (4m. RT)
How do the WTO, IMF and World Bank work?
IMF restructuring (Jamaica)
IMF and World Bank are weapons of war (John Pilger. 21m)
Lesson 4.
Tuesday 6 February

Wealth distribution, growth and poverty Part I
Intra-group research

Research sources
Trading Economics
Purchasing Power Parity
Gini Index
Poverty levels in the world Index Mundi
HDI statistics (United Nations Development Programme)

Branko Milanovic. The haves and the have-nots. 2011
Noam Chomsky. The Prosperous Few and the Restless Many
Sustainable Economics to End Global Poverty from 'Share the World's Resources'

Finish presentation on Greek debt crisis

Growth (with Green GDP and HDI)

Globalization. The Haves and the Have Nots
200 years of history - wealth and health (BBC)
Lesson 5.
Wednesday  07 February

EMU and the Euro
Origins of monetary systems
Bretton Woods

Euro Convergence Criteria
Maastricht Criteria
New Stability Pact
Was the Euro a bad idea?
(Seeker Daily 3.5m)
From Bretton Woods to the Euro (pdf DR)
History of the Euro (15m film European Commission)

Lesson 6.
Friday 23 February

EU Trade
EU minimum wages

TTIP explained (video)
What is TTIP (video)
Anti-TTIP (video)
The importance of TTIP
10 TTIP myths (European Commission)

Pro-TTP (video)
TTP criticism - Robert Reich

ISDS Navigator
ISDS Research cases


China market economy status protest
China market status ViEUws
The Single Market (3m40)
The Single Market pdf DR

European Trade Policy
How the EU negotiates Trade Deals (EC 6m)

Trade negotiations step by step (EC)
EU Trade Negotiations (DG Trade)

EU Trade agreements with different countries (DG Trade)

Opposition the WTO
Trade investigations (DG Trade)

Detailed EU Trade
Lesson 7.
Tuesday  13 March

Fiscal Policy Part I

Tax revenues OECD (tax revenue as % of GDP / per capita)
Social expenditure OECD (total expenditure as % GDP and unemployment % GDP)
Public social spending comparison pdf
World tax comparison
Tax bracket comparison (Wikipedia)
Taxodus.Online game to avoid paying taxes
Fiscal policy pdf DR

Research / presentation groups for ESSCALAND:

Lesson 8.
Tuesday 20 March

Fiscal Policy Part II

Fiscal Policy Presentations
Income tax
Corporation tax
Petrol / Diesel duty
Tobacco duty
Alcohol duty
Unemployment benefit
Wealth Tax
Lesson 9.
Tuesday  27 March

Economies of Scale
Airbus and Galileo

China's C919 (BBC 5m)
China's aviation problems (Wall Street Journal)
Big (Hub/spoke model) or Small (Point to Point)? Wendover productions 10m.

Top 5 satellite navigation systems (SLV 3.5m)
Airbus pdf (DR)
Construction of Airbus A340
Transport - A380
Airbus video gallery
Airbus Beluga (8m)
WTO History of US / EU battle of Boeing vs Airbus
Boeing and Airbus claim victory (Daily Telegraph)

Satellite navigation systems
Galileo and EGNOS (Video from Space)
Introducing EGNOS (film)
Galileo Factsheet (pdf))

Lesson 10.
Tuesday 10 April

Financial Crises and Crashes

Gordon Gekko - Greed is Good
Gordon Gekko - "Greed is Not Good"
FDR and the New Deal  - BBC (24m)
High Speed Trading
Economic crises and speculation (DR)
The 1929 Wall Street Crash (DR)
The New Deal (DR)
Lesson 11.
Wednesday 11 April

Lobbying 1
Lobbying Transparency Register (European Commission)

For further details:
The EU lobbyists (52 page guide to lobbying in Brussels)
Billy wants a dog (flv) (US)
What does a lobbyist do? (flv) (Germany)
Lobbying presentation (pdf)

Lesson 12.
Friday 20 April

Lobbying 2
Lobbying case study research
(just a few ideas - find your own as well!)

Tobacco industry (see Philip Morris)
Fishing industry (quotas and regulations)
Pharmaceutical industry
Sugar industry (to maintain sugar subsidies)
Car industry to avoid pollution control
Banking sector to avoid regulation
Alcohol industry
Food industry and labelling
Chemical industry and safety controls
International trade TTIP, EU-Mercosur, CETA... EU-Africa
Carbon Trading
Financial Transfer Tax (opposing)

Research the Lobbying Transparency Register: (scroll down to find expenditure)
    Statistics - professional consultancies
                  - in-house lobbyists
                  - NGOs
                  - Think Tanks  (use the 'search' box)
                         - lobbying per country
                         - lobbying by category

Corporate Europe Observatory

Check out to see who receives most CAP money and then find how much they spend on lobbying.
Lesson 13.
Thursday 26 April

Lobbying 3
Coca Cola
Volkswagen in TTIP

Lesson 14
Monday 30 April

UK Brexit