External Economic Relations of the EU
Brief description
- Role and status of the EU in the global economy
- Global and regional competitive relations
- EU trade policy towards old and new trade blocs as well as new fields of trade policy
- Regional and global supply chains and their developments as well as resulting changes in working conditions
- Positioning of the EU in the system of global financial and capital markets, dealing with risks from global capital movements
Mode of delivery
face to face
Type
compulsory
Recommended or required reading and other learning resources/tools
Krugman, Paul R./Obstfeld, Maurice/Melitz, Marc J. (2019): Internationale Wirtschaft. Theorie und Politik der Außenwirtschaft, neueste Auflage; derzeit 11. Auflage, München: Pearson.
De Grauwe, Paul (2018): The Economics of Monetary Union, neueste Auflage, derzeit 12. Auflage, Oxford: University Press.
Zeitschriftenartikel und Blog-Einträge relevanter Forschungs- bzw. EU-(Beratungs-)Institutionen zu aktuellen Themen und Konflikten der Außenwirtschaftspolitik.
Current literature will be announced by the lecturer at the beginning of the semester.
Planned learning activities and teaching methods
Impulse talks followed by group discussions, problem-based learning, flipped classroom, simulation game: simulation of an EU summit on trade policy (e.g. on the carbon border adjustment tax or on EU incentives for re-shoring/near-shoring of supplier companies in the context of value chains): Within the framework of a simulated EU summit on current EU trade conflicts, each student takes on the role of an EU country whose position they will represent at the summit. The topic of the summit (e.g. introduction of a carbon border adjustment tax) is firstly prepared by discussing the different scientific evaluations. Secondly, the students should familiarise themselves with the respective economic policy position of their country on the issue by analysing the economic situation, economic policy effects of the proposal discussed at the summit and political interests. Thirdly, they are to present their country's resulting position at the summit. The simulation game is also followed up with regard to content aspects, strategic positioning, but also with regard to group dynamics in the course of discussing the individual positions of the member countries. The examination of the topic from a scientific point of view as well as from an economic policy point of view by confronting the different positions of the countries will then also be included in the final written statement.
Assessment methods and criteria
Independent preparation and participation as a state representative of an EU country in a simulated EU summit on current EU trade policy measures or trade conflicts, for which the written elaboration of the country's position and the presentation and defense of this position at the summit count towards the grade (30%) and a paper (written elabo-ration of a detailed position paper) (70%).
Prerequisites and co-requisites
None
Infos
Degree programme
Europäische Wirtschaftspolitik
Cycle
International Programme
Language of instruction
German
Curriculum
Full-Time
Academic year
2025
Semester
3 WS
Incoming
No
Learning outcome
After successful completion of the module, students can:
- name and describe the institutions and functional principles of the EU and EMU that are important for foreign trade decisions, as well as the theoretical foundations of international economic relations, both in terms of their explanatory content and their limits
- assign the influence of global capital movements on the financial and capital markets of the EU to theoretical considerations, question these foundations on the basis of empirical studies and derive risks
- analyse international developments with regard to the repercussions on the EU as well as on the EMU,
- assess economic policy consequences and evaluate current processes and developments,
- critically assess changing production based on the division of labour in global and regional supply chains, new trade agreements and protectionist efforts in terms of their economic policy impact on individual EU member states and derive risks for individual member states as well as for the trade of the EU as a whole,
- identify and assess the conflicts within the EU and EMU arising from current global challenges due to the different national interests regarding trade and capital flows.
Course code
0899-23-01-VZ-DE-21