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Now in its 5th edition, the Economics of European Integration guides students through the facts, theories and controversies surrounding the dynamics of European economics. With clear and comprehensive discussions about European history, law, institutions, politics and policies, students are encouraged to explore and analyse the contemporary status of integration within the European Union. Designed for students taking modules in European economics, the text provides in-depth analysis of economics arguments with examples, illustrations and questions to help bring this thought-provoking subject to life.

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Part 1: History, Facts and Institutions
1. History
2. Facts, Law, Institutions and Budget
3. Decision Making
Part II: The Microeconomics of Economic Integration
4. Essential Microeconomics Tools
5. The Essential Economics of Preferential Liberalization
6. Market Size and Scale Effects
7. Growth Effects and Factor Market Integration
8. Economic Integrations, Labour Markets and Migration
Part III: EU Micro Policies
9. The Common Agricultural Policy
10. Location Effects, Economic Geography and Regional Policy
11. EU Competition and State Aid Policy
12. EU Trade Policy Part IV: The Macroeconomics of Monetary Integration
13. Essential Macroeconomic Tools
14. Essential Facts of Monetary Integration
15. Optimum Currency Areas
Part V: EU Monetary and Fiscal Policies
16. The European Monetary Union
17. Fiscal Policy and the Stability Pact
18. The Financial Markets and the Euro
19. The Eurozone in crisis

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Richard Baldwin and Charles Wyplosz are Professors of International Economics at the Graduate Institute of International Studies, Geneva. Both authors are leading economists and teachers and are active as editors on a number of prestigious journals, including Economic Policy. Both Richard and Charles have international experience in teaching, and advise a variety of institutions at the highest level, bringing their expertise and strength of analysis to this textbook.

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