European Economics
Course content may vary one week to another depending upon the availability of PECT rooms.
Evaluation: Exam 50%. Fiscal Policy
Presentation 50%. 
Student list and research groups. Teacher David Rees Secretary Sophie Forcadet Syllabus (p68)


Presentations and films
Lesson 1.
Tuesday 17 January
Room 808

True / False questionnaire

True / False answers
Lesson 2.
Tuesday 24 January
Room 808

EMU and the Euro
Lesson 1 revision

Group 1 question
. Why is gasoline so expensive since the Russia / Ukraine conflict?
Prix d'essence et spéculation. Que Choisir.
Futures trading in Oil (Futures Trading
Futures trading in cereals

From Bretton Woods to the Euro (pdf DR)
History of the Euro (15m film European Commission)
Structural inflexibility within the Eurozone (pdf DR)

Lesson 3.
Tuesday 31 January
Room J808

Macroeconomic Principles
Group 2 question. Is the British Monarchy threatened?

Euro Convergence Criteria
Maastricht Criteria
Was the Euro a bad idea? (Seeker Daily 3.5m)
New Stability Pact
G10 currencies

Macro - budget and IR

Export Risk exercise

Lesson 4.
Tuesday 7 February
Room 808

Wealth distribution

Group 3 question. Is territorial zero unemployment possible?

Intra-group research
Research sources
Trading Economics
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'

Macro Revision

Growth (with Green GDP and HDI)
200 years of history - wealth and health (BBC)

Wealth distribution exercise (Slide 2 only)

US Wealth Distribution. Politizane. 7m

Robert F. Kennedy speech on GDP (3m)

Lesson 5.
Tuesday 14 February
Room 808
Financial Crises and Crashes

Group 4 question
How to manage without Oil Energy?

Floored. Traderfilms. The 20087 subprimes crisis. 77m
The 1929 Wall Street Crash. BBC2. 58m
The Wall Street Code. BackLight. Algorhythms and computer trading. 50m
Oxfam. Cereal futures trading

Futures Trading Charts
What are Futures? 10m
Cereals and Oilseeds market
Tunisia and food speculation
High Speed Trading
Economic crises and speculation (DR)
The 1929 Wall Street Crash (DR)
Lesson 6.
Tuesday 21 February

Economies of Scale

Additional links
The WTO dispute - from Airbus's point of view
China's C919 (CGTN 2.5m)
C919 Assembly (New China TV. 2m)
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)
Satellite navigation systems
Galileo  (Thales 3.5m)
Introducing EGNOS (film)

Galileo Factsheet (pdf))

Construction of Airbus A340
Introductory video
Concorde Toulouse
Transport - A380
Airbus pdf (DR)
Airbus commentary
Airbus Beluga (8m)

Airbus Worksheet
Airbus worldwide presence
Introduction to the Airbus Boeing WTP dispute
WTO History of US / EU battle of Boeing vs Airbus (+ how a dispute works)
WTO arbitration (see conclusion only)
Boeing and Airbus at the WTO (Airbus. 3.5m)

Lesson 7.
Tuesday 28 February

Fiscal Policy 

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
EU tax data (European Commission)
World tax comparison
Tax bracket comparison (Wikipedia)
Taxodus.Online game to avoid paying taxes

Fiscal policy pdf DR

Research / presentation groups for ESSCALAND:

Income Tax
Corporation Tax
Tax Avoidance and Tax Evasion
Local Taxes
Alcohol Duty
Tobacco Duty
Fuel Duty
Inheritance and Wealth Tax
Value Added Tax (VAT)

Industrial / Social / Environmental Policy
Change of Tax or Duty. Social, Political and Environmental Effect including Tax Drift.

Lesson 8.
Tuesday 8 March
Room 808

Fiscal Policy 
Student group presentations

Fiscal Policy Presentations

Tobacco Duty Group 1
Fuel Duty Group 4
Inheritance and Wealth Tax Group 3
Value Added Tax (VAT) Group 2

Lesson 9.
Tuesday 14 March
Room 808
Fiscal Policy 
Student group presentations

Fiscal Policy Presentations 2

Tax Avoidance and Tax Evasion. Group 7
Local Taxes Group 5
Alcohol Duty Group 6

Lesson 10 
Tuesday March 21
Room 808
Lobbying 1

Group 5 Question
The future of Ski Resorts

Lobbying Transparency Register (European Commission)
Fleishman Hillard
Hill and Knowlton

Direct and indirect lobbying: Danone

Biggest lobbyists in Brussels
Philip Morris in Brussels
Student case studies
Coca Cola

Billy wants a dog (flv) (US)
Lobbyists (flv) (US)
What does a lobbyist do? (flv) (Germany)
Lobbying presentation (pdf)

Regional fund recipients

CAP recipients

Lesson 11
Tuesday 28 March
Room 808

Recovering from crises

Keynesian Economics
Group 6 Question

FDR and the New Deal  - BBC (24m)

FDR and the New Deal  - BBC (24m)
The New Deal (DR)

Keynes and the marginal propensity to consume (MPC) and save (MPS). NB Income bracket. NB Savings goes where?
Keynes and the multiplier effect
NB: Effect on the economy depends on MPC and home-made/vs imported goods.
Europe under Keynesian policy from the mid 1940s to the late 1970s
Keynes and International Trade (DR)
The Oil Crisisof 1973
Internal or external inflation and what to do.
Why Quantitative Easing is not Keynesian

Lesson 12
Tuesday 04 April
Room 808

The Greek Debt Crisis

New Deal Revision

The Greek Debt Crisis

Euro Debt Crisis
Euro Debt Crisis Solutions
Lesson 13
Tuesday 11 April
Room B517

Group 7 Question

CAP pdf. (EU Commission)
Farm Subsidies (

Agricultural import duties
US food subsidies
1. Introduction to CAP (video)
2. CAP (pdf DR)

4. MacDonalds and food industrialisation
5. Feedlots
6. EU-MERCOSUR agreement signed
7. EU-MERCOSUR trade agreement (Fern 25)
8. EU-Mercosur trade agreement and EU agriculture
9. MERCOSUR trade agreement and European Beef
10. The Meatrix (video)
11. Questions (in your presentation groups)
12. Acronyms

Lesson 14
Tuesday 11 April
Room 808

Exam revision 2023

Exam Revision 2022
Exam 2019
Corrected exam 2019

Russia and Ukraine. 'Truth is the first casualty in war'
Open Questions

Exam (3h)

Tuesday 18 April
14h00 - 17h00