Links:
[1] http://www.iesabroad.org/study-abroad/programs/barcelona-liberal-arts-business
[2] http://www.raco.cat/index.php/Paradigmes/article/viewFile/223810/304675
[3] http://www.nytimes.com/2011/01/16/magazine/16Europe-t.html?_r=1&scp=1&sq=can%20europe%20be%20saved&st=cse
[4] http://www.nytimes.com/2009/09/06/magazine/06Economic-t.html?scp=1&sq=how%20did20economists%20get%20so%20wrong&st=cse
[5] http://www.proximofuturo.gulbenkian.pt/pdf/Eng-PF-3_JLCardoso_workshop-Gulbenkian.pdf
[6] http://www.proximofuturo.gulbenkian.pt/pdf/Eng-PF-3_JLCardoso_workshop-
[7] http://www.nytimes.com/2009/09/06/magazine/06Economic-t.html?scp=1&sq=how%20did%20economists%20get%20so%20wrong&st=cse
The Economic Effects Of Spain'S Eu Membership
As member of the European Union, the Spanish economy has changed dramatically. Once economically isolated within the Iberian Peninsula, Spain has evolved from a backward economy to a dynamic European leader. However, current economic crisis has posed new challenges to the Spanish economy. We will consider how EU membership has influenced economic development, investment, labour relations, and entrepreneurship in the country. Political, social, and business aspects will also be studied. Special reference will be made to the impact of economic and monetary union (EMU) on the economy and to the effects of the 2008 crisis.
To have a previous knowledge of basic economics is highly recommended. THIS COURSE IS INCOMPATIBLE WITH EC/IB441 SPAIN’S ECONOMIC DEVELOPMENT AND THE EUROPEAN UNION.
IES ATTENDANCE POLICY: Attendance is mandatory for all IES classes, including field studies. Any exams, tests, presentations, or other work missed due to student absences can only be rescheduled in cases of documented medical or family emergencies. If a student misses more than three classes in any course half a letter grade will be deducted from the final grade for every additional absence. Seven absences in any course will result in a failing grade.
By the end of the course, students are able to:
• Recognize the phases of Spanish long-term process of economic convergence with Europe;
• Analyze the creation of Europe’s post-war international institutional architecture;
• Criticize the structure and functioning of the European Union by studying the most important theories with regard to European integration, the EU institutions and decision-making procedures and the
involvement of national governments in the EU’s policy process.
• Identify the economic effects of EU membership in Spain;
• Analyze the main problems of the Spanish economy in the last decades, the causes and consequences of the current economic crisis, and the economic policies in the context of the
European Monetary Union;
• Examine some issues (i.e. the common market, agricultural regimes and optimal currency areas)
particularly relevant to EU recent development.
• Lectures: overview of the course content, main historical facts, main theoretical interpretations.
• Reader: selection of the key readings to be done before each lecture.
• Paper writing: critical paper on specific topic (8 to 10 pages).
• Student presentation: paper presentation in class.
• Debate: discussion in class on controversial EU issues.
• Data analysis: Analyze economic data in class and reach some conclusions.
LANGUAGE OF PRESENTATION: English
Research paper and presentation (30%); Mid-term exam (30%); Final Exam (30%); class participation (10%)
The research paper is to be written in pairs and submitted on the day of its presentation (20 minutes). The topic of the paper should be agreed with instructor during the first two weeks of the course. All information should be scrupulously quoted.
Session 1: Overview of the course
Session 2: Spanish Economic development from an European perspective: A long term approach, 1850-2010
Session 3: European economy in the 1st half of the 20th century: The Gold Standard and the consequences of WWI
Required Reading:
Eichengreen, B (2008), The Gold Standard, in Eichengreen, B.
Globalizing Capital, Princeton UP, pp. 6-42.
Session 4: European economy in the 1st half of the 20th century: From the Great Depression to Bretton Woods
Required Reading:
Eichengreen, B (2008), The Bretton Woods System, in Eichengreen, B.
Globalizing Capital, Princeton UP, pp. 91-133.
Session 5: The modernization of Spanish economy (1900-1936). The Civil War and the
Autarky period.
Required Reading:
Prados de la Escosura, Leandro and Sanz, Jorge C. (1996), “Growth and Macroeconomic Performance in Spain, 1939-93”, in Crafts, Nicholas and Toniolo, Gianni (eds.), Economic Growth in Europe
since 1945, Cambridge, Cambridge University Press, pp. 354-369.
Session 6: The Golden Age of European economic development: 1950-1973. The way to the Treaty of
Rome
Required Reading:
Damsgaard Hansen, E. (2001), Prolongued Growth 1950-73, in
Damsgaard, E., European Economic History, Copenhaguen Business School Press, pp. 313-329
Jones, Robert A. (1997), The origins and development of the European Union, in Jones, R.A., The Politics and Economics of the European Union, Edward Elgar, Cheltenham, pp. 3-31
Session 7: The crisis of the 70's in Europe
Required Reading:
Damsgaard Hansen, E. (2001), The Return to Normality 1973, in Damsgaard, E., European Economic History, Copenhaguen Business School Press, pp. 431-450.
Session 8: Spain during the development years (1959-1973). The structural problems of the Spanish economy
Required Reading:
Harrison (1985), The Spanish economy in the twentieth century, pp. 144-163.
Session 9: Political transition and economic crisis in Spain, 1973-1985
Required Reading:
Harrison (1985), The Spanish economy in the twentieth century, pp. 168-186.
Session 10: Presentations of research papers.
Potential topics: comparisons between the Spanish and the core European economies at
different points of time (1957, 1973, 1985).
Session 11: The Spanish integration agreement: Advantages and costs of EU
membership
Required Reading:
Tovias, Alfred (1995), “Spain in the European Community”, in Gillespie, Richard; Rodrigo, Fernando and Story, Jonathan (eds.), Democratic Spain, Reshaping External Relations in a Changing World, London, Routledge, pp. 88-105.
Balmaseda, M. and Sebastián, M. (2003), Spain in the EU: Fifteen years may not be enough, in Royo, S. and Manuel, P.C. (eds.), Spain and Portugal in the European Union. The first fifteen years, Frank Cass,
London, pp. 195-230.
Session 12: The EU institutions and policies. The problems of enlargement
Required Reading:
Bomberg, E.; Cram, L.; Martin, D. (2003), The Eu Institutions, in
Bomberg, E. and Stubb, A. (eds.), The European Union: How does it work? Oxford UP., pp. 45-70
Session 13: Presentations of research papers.
Potential topics: comparisons between the Spanish and other integration processes.
Session 14: The European Monetary System.
Required Reading:
Conthe, Manuel (1997), “Spain and the Euro”, in Muns, Joaquim (ed.), Spain and the Euro: Risks and Opportunities, Barcelona, LaCaixa, pp. 83-115.
Session 15: Midterm Exam
Session 16: EU's and Spain's economic performance in the 90's and 00's.
Session 17: The crisis of 2008. Inside Job
Required Reading:
Akerlof, R. and Schiller (2009), The current financial crisis: What is to be done? In Animal Spirits, pp. 86-96
Session 18: The crisis of 2008. The housing boom and the financial deregulation
Required Reading:
Bernardos, Gonzalo (2009), The Rise and Fall of the First Global Real
Estate Bubble, Paradigmes, issue n.2, June 2009, pp. 99-106. http://www.raco.cat/index.php/Paradigmes/article/viewFile/223810/304675 [2]
Session 19: Presentations of research papers.
Potential topics: Unemployment, inflation, budget deficit and external deficit in contemporary
Spain.
Session 20: The crisis in Europe: The problems of adjustment with a single currency
Required Reading:
Krugman, Paul (2011), Can Europe be saved?, The New York Times, January 16, 2011.
http://www.nytimes.com/2011/01/16/magazine/16Europe-t.html?_r=1&scp=1&sq=can%20europe%20be%20saved&st=cse [3]
Session 21: The crisis in Europe: Peripheral vs central countries
Session 22: The debate between expansive and restrictive economic policies. Europe, the US and UK policies.
Session 23: Presentations of research papers.
Potential topics: the EU policies (CAP, Competence, Foreign Policy).
Session 24: The way out of the crisis. The economic science and the crisis
Required Reading:
Krugman (2009), How did economists get it so wrong?, The New York Times, September 6, 2009. http://www.nytimes.com/2009/09/06/magazine/06Economic-t.html?scp=1&sq=how%20did20economists%20get%20so%20wrong&st=cse [4]
Cardoso, José Luís (2009), The crisis and the adaptive discourse of economists. Contribution to the 1st Next Future Research Workshop on “Responses to the Crisis”, Calouste Gulbenkian Foundation, 12-13 November, 2009. http://www.proximofuturo.gulbenkian.pt/pdf/Eng-PF-3_JLCardoso_workshop-Gulbenkian.pdf [5]
FINAL EXAM
Akerlof, R. and Schiller (2009), The current financial crisis: What is to be done? In Animal Spirits, pp. 86-96
Balmaseda, M. and Sebastián, M. (2003), Spain in the EU: Fifteen years may not be enough, in Royo, S. and Manuel, P.C. (eds.), Spain and Portugal in the European Union. The first fifteen years, Frank Cass, London, pp. 195-230.
Bernardos, Gonzalo (2009), The Rise and Fall of the First Global Real Estate Bubble, Paradigmes, issue n.2, June 2009, pp. 99-106. http://www.raco.cat/index.php/Paradigmes/article/viewFile/223810/304675 [2]
Bomberg, E.; Cram, L.; Martin, D. (2003), The Eu Institutions, in Bomberg, E. and Stubb, A. (eds.), The European Union: How does it work? Oxford UP., pp. 45-70.
Cardoso, José Luís (2009), The crisis and the adaptive discourse of economists. Contribution to the 1st Next Future Research Workshop on “Responses to the Crisis”, Calouste Gulbenkian Foundation, 12-13 November, 2009. http://www.proximofuturo.gulbenkian.pt/pdf/Eng-PF-3_JLCardoso_workshop- [6] Gulbenkian.pdf
Conthe, Manuel (1997), “Spain and the Euro”, in Muns, Joaquim (ed.), Spain and the Euro: Risks and Opportunities, Barcelona, LaCaixa, pp. 83-115.
Damsgaard Hansen, E. (2001), Prolongued Growth 1950-73, in Damsgaard, E., European Economic History, Copenhaguen Business School Press, pp. 313-329, 435-450.
Eichengreen, B (2008), The Gold Standard, in Eichengreen, B. Globalizing Capital, Princeton UP, pp. 6-42, 91-133.
Harrison (1985), The Spanish economy in the twentieth century, pp. 144-163, 168-186.
Jones, Robert A. (1997), The origins and development of the European Union, in Jones, R.A., The Politics and Economics of the European Union, Edward Elgar, Cheltenham, pp. 3-31.
Krugman (2009), How did economists get it so wrong?, The New York Times, September 6, 2009. http://www.nytimes.com/2009/09/06/magazine/06Economic-t.html?scp=1&sq=how%20did%20economists%20get%20so%20wrong&st=cse [7]
Krugman, Paul (2011), Can Europe be saved?, The New York Times, January 16, 2011. http://www.nytimes.com/2011/01/16/magazine/16Europe-t.html?_r=1&scp=1&sq=can%20europe%20be%20saved&st=cse [3]
Prados de la Escosura, Leandro and Sanz, Jorge C. (1996), “Growth and Macroeconomic Performance in Spain, 1939-93”, in Crafts, Nicholas and Toniolo, Gianni (eds.), Economic Growth in Europe since 1945, Cambridge, Cambridge University Press, pp. 355-387.
Tovias, Alfred (1995), “Spain in the European Community”, in Gillespie, Richard; Rodrigo, Fernando and Story, Jonathan (eds.), Democratic Spain, Reshaping External Relations in a Changing World, London, Routledge, pp. 88-105.
Crespo MacLennan, Julio (2000), Spain and the Process of European Integration, 1957-82, New York, Palgrave, pp. 150-179.
Farrell, Mary (2001), Spain in the EU. The Road to Economic Convergence, New York, Palgrave, pp. 1-6, 28-45 and 79-87.
Guirao, Fernando (1998), Spain and the Reconstruction of Western Europe, 1945-57, London, MacMillan, pp. 189-206.
Henig, Stanley (1997), The Uniting of Europe. From Discord to Concord, London, Routledge.
Morewood, Steven (1999), “Europe at the Crossroads 1974-2000”, in Aldcroft, Derek H. and Sutcliffe, Anthony (eds.), Europe in the International Economy 1500 to 2000, Cheltenham, Edward Elgar.
OECD Economic Surveys: Spain 2003, pp. 21-47.
Penketh, Keith (1999), “The Budget of the European Union”, in McDonald, Frank and Dearden, Stephen (eds.), European Economic Integration, New York, Longman, pp. 117-127.
Prados de la Escosura, Leandro and Sanz, Jorge C. (1996), “Growth and Macroeconomic Performance in Spain, 1939-93”, in Crafts, Nicholas and Toniolo, Gianni (eds.), Economic Growth in Europe since 1945, Cambridge, Cambridge University Press, pp. 361-375.
Preston, Christopher (1997), Enlargement and Integration in the European Union, London, Routledge, pp. 67-86.
Salmon, Keith (2001), “The Spanish Economy: from the Single Market to EMU”, in Gillespie, Richard and Youngs, Richard (eds.), Spain: the European and International Challenges, London, Frank Cass, pp. 17-27 and 34-39.
Tortella, Gabriel (1994), “Patterns of Economic Retardation and Recovery in South-Western Europe in the Nineteenth and Twentieth Centuries”, Economic History Review, 47, 1, pp. 1-21.