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UNIVERSITY OF ILLINOIS
Spring 2004 ECONOMICS 339 TEXTBOOKS: Larry Neal and Daniel Barbezat, (1998), Paul de Grauwe, (2003), Economics of Monetary Union, 5th ed., New York: Oxford University Press. Web site: http://www.business.uiuc.edu/lneal/econ339.htm Web site:
http://door.library.uiuc.edu/crx//classes/econ339.htm RECOMMENDED: A subscription to the Financial Times and to The Economist. and regular viewing of the Web sites of the: European Union EUROPA - The European Union On-Line EC Delegation in the US EUROPEAN UNION IN THE UNITED STATES WEBSITE - EUROPEAN COMMISSION DELEGATION, WASHINGTON, DC World Trade Organization WTO | Welcome to the WTO website European Central Bank ECB - European Central Bank OECD Organisation for Economic Co-operation and Development US Trade Representative Office of the United States Trade Representative Economist magazine http://www.economist.com Financial Times FT.com Home US REQUIREMENTS: Students may take alternative versions of any of the three midterm exams during the final examination (May 14, 8-11 a.m.). These can also serve as make-up exams or re-takes of exams to improve one's grade. The course grade will be a weighted average of your performance on these
requirements: Midterm 1, 20 %; Midterm 2,
20 %; Midterm 3, 20%; Paper
20%, and the combined computer exercises, 20%. 1. February 13 (Growth, Trade, and Convergence) 2. March 12 (Monetary policy) 3. April 13 (Structural Unemployment) The midterm exams will be Wednesday, February 18, and Wednesday, March 17, during the regularly scheduled class. The final exam will be Friday, May 14, 8:00 - 10:00 a.m. ` This is the regularly scheduled Final Examination time. Makeup exams for the midterm exams will be offered after the final, from 10:00 p.m. to 11:00 p.m.. The paper is due in three stages: 1. List of sources, February 13 (with computer assignment #1) 2. Outline of material, March 12 (with computer assignment #2) 3. Final paper, April 30 (last week of class) Part of the paper assignment is reporting to the class the material found on one of your Web sites. OFFICE INFORMATION: Professor Neal's
PART I. The European Economic Community – Unity in Diversity? Date
Topic
Readings & Web Postings Feb. 2 Customs Union, theory ch. 3, Econ339\CETgraphs.xls Feb. 4 Customs Union, practice Econ339/CustomsUnionRevd.pdf Feb. 9 Common Agricultural Policy ch. 6, Econ339\CAPGraphs.xls; Econ339/AgricultureRevised.pdf Feb. 11 Reforms of CAP Econ339/CAPreform.pdf; Econ339/CAP&CEEC.pdf Feb.
13
First Computer Assignment due (Growth and Convergence) Feb. 23 Single Market, goods ch. 4; Econ339/IntermalMktScore12.pdf
Feb. 25
Single Market, labor & capital ch. 4
Mar. 1
European Monetary System & Union
de Grauwe, chs. 1, 3, & 4
Mar. 3 European Central Bank in Operation
de Grauwe, chs. 6, 7, & 8 Mar. 8
Regional Policy and Expansion Issues
Mar. 10
EU and the Rest of the World
ch. 8 Mar. 12 Second Computer Assignment (Monetary Policy) due Mar. 15 The Transformation of the EU (review session) Mar. 17 Second Examination: The Economic Changes of the EU Spring Break PART II. The European Nations and The Transformation of
Europe
Mar. 31
Greece, The Other Outlier
Econ339\Pinterisetal.pdf;
Econ339\Fall03Greece.xls
Apr. 5 Germany
ch. 9
Apr. 7 France and Italy
chs. 10 & 11 Apr. 9 Third Computer Assignment due (Employment)
Apr. 12 Britain, Denmark and Sweden
ch. 12 and update in
Econ339\RevBritainch.pdf
Apr. 14 The Rich Four
and
The Poor Four
chs. 13-14;
Econ339\Lessons from Spain.ppt Apr. 30 Research Paper Due May 3 The Future of the European Economies (review session) May 5 Third Examination: The Transformation of the European Economies Final Examination, Friday,
May 14, 8:00 –
11:00 a.m.
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