The new edition of this text presents an overview of the elements of both microeconomic and macroeconomic theory especially suitable for analysing the EU. Fully updated, the microeconomic section covers the classical theory of customs union as well as the "new" trade theory with imperfect competition and economies of scale.
Table of contents:
Economic Integration in Europe. The Traditional Theories of Customs Unions and Single Commodity Markets. New Trade Theories and the Integration of Commodity Markets. Common Market Theory. Dynamic and Spatial Effects of Integration. Microeconomic Policies. Monetary Integration Theory. Economic Policy in a Monetary Union. Monetary and Fiscal Policy in the Maastricht Treaty. The Process Towards a European Monetary Union.
The importance of the EU has been growing steadily and this compact text presents an overview of the elements of both microeconomic and macroeconomic theory especially suitable for analyzing the EU. The core of microeconomic theory is the classical theory of customs unions but because of the continuing evolution of the EU, the `new' trade theory with imperfect competition and economies of scale is introduced. It is the theoretical stance of the book which provides originality in contrast with competitive texts which are far more descriptive and anecdotal. The book is well/=planned building on basic principles and guiding the reader to a full understanding of the ideas presented.
Table of contents:
Economic Integration in Europe. The Traditional Theories of Customs Unions and Single Commodity Markets. New Trade Theories and the Integration of Commodity Markets. Common Market Theory. Dynamic and Spatial Effects of Integration. Microeconomic Policies. Monetary Integration Theory. Economic Policy in a Monetary Union. Monetary and Fiscal Policy in the Maastricht Treaty. The Process Towards a European Monetary Union.
The importance of the EU has been growing steadily and this compact text presents an overview of the elements of both microeconomic and macroeconomic theory especially suitable for analyzing the EU. The core of microeconomic theory is the classical theory of customs unions but because of the continuing evolution of the EU, the `new' trade theory with imperfect competition and economies of scale is introduced. It is the theoretical stance of the book which provides originality in contrast with competitive texts which are far more descriptive and anecdotal. The book is well/=planned building on basic principles and guiding the reader to a full understanding of the ideas presented.