Garantie de satisfaction à 100% Disponible immédiatement après paiement En ligne et en PDF Tu n'es attaché à rien
logo-home
Summary All you need for: ECONOMIC AND LEGAL INTEGRATION of Europe (Lectures, Tutorials) $14.56
Ajouter au panier

Resume

Summary All you need for: ECONOMIC AND LEGAL INTEGRATION of Europe (Lectures, Tutorials)

2 revues
 26 fois vendu
  • Cours
  • Établissement

A complete overview of all my notes taken during the course: ECONOMIC AND LEGAL INTEGRATION > ENGLISH. (The dutch parts are just translation of words for myself to make studying easier! So if you are a Dutchie, the difficult English words are translated for you! If you're not, you won't miss out...

[Montrer plus]

Aperçu 4 sur 125  pages

  • 24 août 2020
  • 125
  • 2019/2020
  • Resume

2  revues

review-writer-avatar

Par: emma002 • 2 année de cela

review-writer-avatar

Par: deniseeisma • 3 année de cela

avatar-seller
Economic and Legal integration
Lectures & Tutorials

Important terms (treaties, policies)
Important economic/law terms
Lists of important stuff
Extra notes about something non-substantively

ECON .


Lecture 1A: Introduction 30-03-2020 (only lecture missing)
Lecture 1B: Economics of the Customs Union 31-03-2020

Economics study the world in a particular way. (Macroeconomics)
- They assume people make rational decisions
- and they exchange on markets

We can read various treaties to study the history of economy, because they are
writing down the economic constitutions (or constitutional moments) of Europe (legal
documents). Wrote down the economic rules that were governing in Europe.

First stage of European Integration: Treaty of Rome (1957):
Treaty Establishing the European Economic Community.
So a founding moment for European integration

Look as an economist to Treaty of Rome:
- economic constitution for European integration
- economics of customs union

Built on Treaty of Paris (1951) establishing the European Coal and Steel Community:
- common market for coal and steel

Three Clips (of this lecture):
A - Economic Constitution of the Customs Union
B - Apply the Economic Approach: Introduction to Welfare Analysis
C - Welfare Analysis of Customs Union

A: Economic Constitution of the Customs Union

“Economic constitution” in treaty of Rome:
- Establishing a common market
- Progressively approximating the economic policies of member states

,Goals of these measurements:
1. Promote throughout the Community a harmonious development of economic
activities
2. A continuous and balanced expansion
3. An increase in stability
4. An accelerated raising of the standard of living (economic growth)
5. Closer relations between the states belonging to it




legal framework for establishing economic cooperation in Europe by Pelckmans:
Treaty of Rome. Economics mostly look at the low part of the systematic table.
(common market + approximating economic policies)

To establish:
- Customs Union (CU): with free movement of goods, services,
labor and capital. [market / negative integration = taking away the barriers].
So no taxes (import and export tariffs, quota) anymore between European
countries among other restrictions.
- with supporting economic policy [policy / positive integration], eg.:
→ Common Agricultural Policy (CAP)

→ European Competition Policy: See Weblecture L.E1c


If you want to have a common market, you need rules for how you’re gonna trade on

these markets! → Policies.

,Agricultural trade was a very specific part because people always want to protect
their own food: Especially in times of war or like now coronavirus.

So market integration and policy integration went hand in hand.
Which again means that economic integration and political integration go hand in
hand. Economic integration will not work if there’s not enough political integration.

Stages of Economic integration by Balassa (1961)




With the treaty
of Rome we
skipped stages
and
immediately
went for the
Common
Market




Customs union:
- Abolish (import/export) tariffs for partner countries
- Imposing a common external tariff for third countries

Quota: A maximum allowance of import/export. F.a. You can only import 100.000
cars a year.

Economic questions about decision to institute a customs union:
1. What was the economic context of this decision to integrate?
● Why decide to institute a customs union?

2. What are the economic implications/impact of this decision to integrate: what are
economic benefits?
● Does a customs union bring economic benefits? And who is benefitting?
Because everything we do in economic arrangements we have winners and
losers. Some people will have bigger benefit than others.

In order to answer these questions we have to use an economic tool: welfare
analyses.

, B: Apply the Economic Approach: Introduction to Welfare Analysis

The economic approach:
1. Individual rational choice
2. Exchange on markets
3. Effects for economy as a whole

To analyze economic effects of customs union, we use a basic economic technique:
Welfare analysis
→ To understand Welfare Analysis, we need to start with the core model of

economics: the market

Market: Model of Supply and Demand

Competitive market: many buyers and many suppliers

Graphic representation of market (competitive market):
❏ One good (for example concert tickets)
❏ Demand for good: Demand Curve (D: going Down, VRAAG)
❏ Supply of good: Supply Curve (going Up, AANBOD)
❏ Equilibrium price: price at which quantity demanded equals quantity supplied:
market clearing price (waar vraag en aanbod samenkomen)

vertical: price
horizontal: quantity

Demand curve: definition:
Relationship between Price and Quantity
Demanded: Graphic representation of
amount consumers are willing to buy at
a certain price.
1. Demand Curve represents the
demand side of market (consumers)
2. Representation of ‘what the people
want’ at varying prices

Supply Curve: definition:
Relationship between Price and Quantity Supplied:
Graphic representation of amount producers are able to supply at a certain
price.
1. Supply curve represents the supply (producers) side of markets
2. Representation of costs of production

Les avantages d'acheter des résumés chez Stuvia:

Qualité garantie par les avis des clients

Qualité garantie par les avis des clients

Les clients de Stuvia ont évalués plus de 700 000 résumés. C'est comme ça que vous savez que vous achetez les meilleurs documents.

L’achat facile et rapide

L’achat facile et rapide

Vous pouvez payer rapidement avec iDeal, carte de crédit ou Stuvia-crédit pour les résumés. Il n'y a pas d'adhésion nécessaire.

Focus sur l’essentiel

Focus sur l’essentiel

Vos camarades écrivent eux-mêmes les notes d’étude, c’est pourquoi les documents sont toujours fiables et à jour. Cela garantit que vous arrivez rapidement au coeur du matériel.

Foire aux questions

Qu'est-ce que j'obtiens en achetant ce document ?

Vous obtenez un PDF, disponible immédiatement après votre achat. Le document acheté est accessible à tout moment, n'importe où et indéfiniment via votre profil.

Garantie de remboursement : comment ça marche ?

Notre garantie de satisfaction garantit que vous trouverez toujours un document d'étude qui vous convient. Vous remplissez un formulaire et notre équipe du service client s'occupe du reste.

Auprès de qui est-ce que j'achète ce résumé ?

Stuvia est une place de marché. Alors, vous n'achetez donc pas ce document chez nous, mais auprès du vendeur LieveElise. Stuvia facilite les paiements au vendeur.

Est-ce que j'aurai un abonnement?

Non, vous n'achetez ce résumé que pour $14.56. Vous n'êtes lié à rien après votre achat.

Peut-on faire confiance à Stuvia ?

4.6 étoiles sur Google & Trustpilot (+1000 avis)

64670 résumés ont été vendus ces 30 derniers jours

Fondée en 2010, la référence pour acheter des résumés depuis déjà 15 ans

Commencez à vendre!

Récemment vu par vous


$14.56  26x  vendu
  • (2)
Ajouter au panier
Ajouté