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EU Economics and Slovenia


Aims of the course

To learn about the processes of international economic cooperation with the emphasis on the specifics of regional economic integrations and the EU as the most advanced economic integration. To understand why countries form economic integrations and what are their effects in the context of globalisation and multilateral liberalisation processes.
To understand functioning of the EU, the role of individual member states (especially Slovenia), current dilemmas and possible future developments.

Course syllabus

1. History and evolution of the EU
2. International trade and the theory of comparative advantages: absolute and relative comparative advantages
3. The impacts of the international trade on the social welfare; impacts of import tariffs on the international trade
4. Economic integration and preferential liberalisation
5. Economic integrations around the world; WTO (World Trade Organization) and economic integrations
6. Effects of economic integration (theory and empirical evidence:
a)impacts on the market size and scale effects
b) impacts on the labour market and migration
c) dinamic effects of economic integration: effects on economic growth
7. The EU law and institutions; Principles of the decision making in the E; Criteria for the EU membershi and the Slovenian accession
Slovenian accession to the EU
8. Economic history of the European Monetary Union (EMU): Snake in the tunnel, ERM-I and ERM-II
9. European monetary union (EMU), Slovenian accession to the EMU
10. Fiscal policy of the EU; Stability and Growth Pact; Challenges of the EU and Slovenian fiscal policy
11. Multiannual financial Framework of the EU; EU budget
12. Current Slovenian and EU economic problems

Course director(s)

  • Office Hours
  • Tuesday at 11:00 in R-306
  • Office Hours
  • Wednesday at 14:30 in RZ-406
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