European Economics  2022
Course content may vary one week to another depending upon the availability of PECT rooms.
Evaluation: Exam 50%. Fiscal Policy
Presentation 25%.  Lobbying Presentation 25%.
Student list and research groups. Teacher David Rees Secretary Sophie Forcadet


Presentations and films
Lesson 1.
Tuesday 25 January

True / False questionnaire
Acronyms list

True / False answers
Lesson 2.
Wrdnesday 2 February

Macroeconomic Principles

Lesson 1 revision

Group 1 question: Ukraine / Russia outcome

Neighbourhood agreement
Ukraine Orange Revolution
Ukraine language map
Ukraine gas / oil map
EU gas imports
EU oil imports
Effect of EU sanctions on Russia
Effects on France of sanctions against Russia
Military forces

Macro - budget and IR

Exchange rates exercise
Lesson 3.
Tuesday 8 February
Room J808
EMU and the Euro

Group 2 question
Digital media (such as Meta) and consumer protection rights.
Lobbying Transparency Register (European Commission)

Euro Convergence Criteria
Maastricht Criteria
Was the Euro a bad idea? (Seeker Daily 3.5m)
New Stability Pact
G10 currencies

Macro Revision

Continue Exchange rates exercise

From Bretton Woods to the Euro (pdf DR)

History of the Euro (15m film European Commission)
Structural inflexibility within the Eurozone (pdf DR)
Lesson 4.
Friday 11 February
Room B511

Wealth distribution

Group 3 question
"Do you think high governament debts constitute a real problem for the economy? And how do you think they should be reduced?"

World debt
Japanese debt
Inflation and national debt IR
Sovereign debt defaults

Intra-group research
Research sources
Trading Economics
Gini Index
Poverty levels in the world Index Mundi
HDI statistics (United Nations Development Programme)

Branko Milanovic. The haves and the have-nots. 2011
Noam Chomsky. The Prosperous Few and the Restless Many
Sustainable Economics to End Global Poverty from 'Share the World's Resources'

Growth (with Green GDP and HDI)
200 years of history - wealth and health (BBC)

Wealth distribution exercise (Slide 2 only)

US Wealth Distribution. Politizane. 7m

Robert F. Kennedy speech on GDP (3m)

Lesson 5.
Friday 25 February
Room B511

Economies of Scale

Group 4 question
"What is your opinion on immigration in the EUand how do you think we can make it more beneficial?"

Immigrants and Emigrants
Non-nationals in the EU
Mediterranean migration flows
Asylum Seekers
Dublin Agreement
Schengen and migration

Additional links
The WTO dispute - from Airbus's point of view
China's C919 (CGTN 2.5m)
C919 Assembly (New China TV. 2m)
China's aviation problems (Wall Street Journal)
Big (Hub/spoke model) or Small (Point to Point)? Wendover productions 10m.

Top 5 satellite navigation systems (SLV 3.5m)
Satellite navigation systems
Galileo  (Thales 3.5m)
Introducing EGNOS (film)

Galileo Factsheet (pdf))
Lesson instructions
Construction of Airbus A340
Introductory video
Concorde Toulouse
Transport - A380
Airbus pdf (DR)
Airbus commentary
Airbus Beluga (8m)

Airbus Worksheet
Airbus worldwide presence
Introduction to the Airbus Boeing WTP dispute
WTO History of US / EU battle of Boeing vs Airbus (+ how a dispute works)
WTO arbitration (see conclusion only)
Boeing and Airbus at the WTO (Airbus. 3.5m)

Lesson 6.
Wednesday 2 March
Room B511

Fiscal Policy Part I
National taxation

Group 5 Question
What might be the effects in Europe of sanctions imposed on Russia?
DG Trade (European Commission) Policy (Countries and regions)
EU Sanctions on Russia

Tax revenues OECD (tax revenue as % of GDP / per capita)
Social expenditure OECD (total expenditure as % GDP and unemployment % GDP)
Public social spending comparison pdf
EU tax data (European Commission)
World tax comparison
Tax bracket comparison (Wikipedia)
Taxodus.Online game to avoid paying taxes

Fiscal policy pdf DR

Research / presentation groups for ESSCALAND:

Income Tax
Corporation Tax
Tax Avoidance and Tax Evasion
Local Taxes
Alcohol Duty
Tobacco Duty
Fuel Duty
Inheritance and Wealth Tax
Value Added Tax (VAT)

Industrial / Social / Environmental Policy
Change of Tax or Duty. Social, Political and Environmental Effect including Tax Drift.
Lesson 7.
Friday 04 March
Room B511

Fiscal Policy Part II
Regional taxation
Taxation exercise

Group 6 Question

Will Robots take my job?

The Tax Game

Prepare Group Presentations
Lesson 8.
Friday 1 April
Room B511

Fiscal Policy Part III
Student group presentations

Group 7 Question
What is you opinion on the Schengen agreement? Is it positive or negative from different perspectives?

Fiscal Policy Presentations
Alcohol Duty
Corporation Tax
Fuel Duty
Income Tax
Inheritance and Wealth Tax
Tax Evasion and Tax Avoidance
Tobacco Duty

Lesson 9.
Friday 8 April

Lobbying 1

Lobbying Transparency Register (European Commission)
Fleishman Hillard
Hill and Knowlton

Direct and indirect lobbying: Danone

Biggest lobbyists in Brussels
Philip Morris in Brussels
Student case studies
Coca Cola

Billy wants a dog (flv) (US)
Lobbyists (flv) (US)
What does a lobbyist do? (flv) (Germany)
Lobbying presentation (pdf)

Regional fund recipients

CAP recipients

Lesson 10 
Wednesday 13 April
Room 808

Lobbying 2

Lesson 11
Friday 15 April
Room 808

Lobbying 3

Lobbying Presentations
Philip Morris

Lesson 12
Wednesday 20 April
16h30 - 19h30
Room 808

Financial Crises and Crashes

Floored. Traderfilms. The 20087 subprimes crisis. 77m
The 1929 Wall Street Crash. BBC2. 58m
The Wall Street Code. BackLight. Algorhythms and computer trading. 50m
Oxfam. Cereal futures trading

Futures Trading Charts
What are Futures? 10m
Cereals and Oilseeds market
Tunisia and food speculation
High Speed Trading
Economic crises and speculation (DR)
The 1929 Wall Street Crash (DR)

Lesson 13
Wednesday 27 April
Room 808

Recovering from crises

FDR and the New Deal  - BBC (24m)
The New Deal (DR)
FDR and the New Deal  - BBC (24m)
The New Deal (DR)
Keynes and the marginal propensity to consume (MPC) and save (MPS). NB Income bracket. NB Savings goes where?
Keynes and the multiplier effect
NB: Effect on the economy depends on MPC and home-made/vs imported goods.
Europe under Keynesian policy from the mid 1940s to the late 1970s
Keynes and International Trade (DR)
The Oil Crisisof 1973
Internal or external inflation and what to do.
Why Quantitative Easing is not Keynesian
Lesson 14
Friday 29 April
Room 808

Exam Revision 2022
Exam 2019
Corrected exam 2019

Russia and Ukraine. 'Truth is the first casualty in war'
Open Questions

Tuesday 3 May