Module Details

LW715-7-AU-CO: The Economics Of The European Union

Note: This module is inactive. Visit the Module Directory to view modules and variants offered during the current academic year.

Year: 2017/18
Department: Law (School of)
Essex credit: 15
ECTS credit: 7.5
Available to Study Abroad / Exchange Students: Yes
Full Year Module Available to Study Abroad / Exchange Students for a Single Term: No
Outside Option: No

Supervisor: Mrs Kathryn Caldwell
Teaching Staff: Kathryn Caldwell
Contact details: School of Law, University of Essex Telephone 01206 872923; Email

Module is taught during the following terms
Autumn Spring Summer

Module Description

The module will examine the economic foundations of the European Union. It will commence with a comparison of different economic models (principally those of Adam Smith and Keynes). The question will be posed: do such theories satisfactorily explain the economic aspects of EC law and policies? Economic terms will then be scrutinised in the context of their deployment within specific areas of EC law and policy, such as market integration and the CAP. The economic presuppositions and controversies surrounding EMU, EU regional policy and EU enlargement will also be critically explored.

Learning and Teaching Methods

This module is taught over a period of 9 weeks, through two-hour long seminars.


100 per cent Coursework Mark


One assessed essay of 5,000 words (including footnotes, excluding bibliography) to be submitted in accordance with LLM guidelines

Other information

The aim of this module is to provide a detailed study of the economic concepts and principles which form the basis of the law and policy of the European Union. Its objective is to provide students with a clearer understanding of the European Union, together with an awareness of the problems and controversies surrounding the economic base.


  • Artis,M The Economics of the European Union OUP 1994
  • Baldwin,R & Wyplosz,C The Economics of European Integration McGraw-Hill 2004
  • Brittan, L European Competition Policy Brassey 1992
  • Cecchini, P The European Challenge Wildwood 1990
  • Craig,P & De Burca,G EU Law: Text, Cases and Materials OUP 200
  • Cremona, Marise The Enlargement of the European Union OUP 2003
  • Dasgupta, A. K Epochs of Economic Theory Blackwell 1985
  • Hausman, D ed The Philosophy of Economics CUP 1994
  • Hayek, F.A The Road to Serfdom RKP 1944
  • Kaldor, Nickolas Further Essays on Allied Economics Duckworth 1978
  • Keynes, J.M The General Theory of Employment, Interest and Money Macmillan 1936
  • Kindleberger, C.P Manias, Panics and Crashes Wiley 2000
  • Kindleberger C.P Keynesianism vs Monetarism Wiley 1985
  • McDonald,F & Dearden,S eds European Economic Integration Longman 2005
  • Miller,D Acknowledging Consumption Routledge 1995
  • Schumpeter, Joseph The Theory of Economic Development Harvard 1949
  • Scott,J Development Dilemmas in the European Community OpenUP 1995
  • Sloman, John Economics Prentice Hall , 5th Ed 2003
  • Smith, A The Wealth of Nations Penguin 1999
  • Swann,D The Economics of the Common Market Penguin 2000
  • Weber,M The Protestant Ethic and the Spirit of Capitalism Allen & Unwin 1976

Further information

External Examiner Information

  • Name: Dr Hedvig Schmidt
    Institution: The University of Southampton
    Academic Role: Associate Professor