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Faculty of Economics
& Political Science
Cairo University
EuroMed
Programme
EU Policies
EU Economic Policies
Prepared by
Ehab Shalaby, PhD
Faculty of Economics and Political Science
EUROMED Prog.
Cairo University
April 2015
ABOUT THE LECTURER
Dr. Ehab Shalaby
ABOUT THE COURSE
• The Overall EUROMED Prog. Objectives.
• The EU Policies Course Objectives.
• Previous Curriculum developed by P.Dr. A. GHONEM
• EU Policies Course at the institute of European studies at
the university of Vrije Brussels.
• Consultation with Prof. Dr. Roland F. the deputy director at
the center for European studies in Brussels.
• Consultation With Marina Alfons. A current MASTEUOROMED.
ABOUT THE COURSE AIMS AND OBJECTIVES
•
Why ?
• Impact; To Enhance Economic Cooperation Between Egypt and the
EU.
• How ?
• Output ;
1.
2.
3.
Understanding and Analyzing the EU Economic Particulars and
dynamics.
Understanding and analyzing the EU key Economic Interests,
Motivations, Ideas and Values.
Analyze current cooperation dynamics and forecast future
cooperation potential .
ABOUT THE COURSE AIMS AND OBJECTIVES
• Outputs :
1. Understanding of the EU Integration from a Political
Economy perspective.
2. Understanding Key EU Economic institutions, strategies
and policies.
3. Analyzing current and Future Economic Challenges
Facing the EU.
4. Understanding and analyzing EU international economic
relations.
5. Understanding and analyzing current Egypt-EU relations
and future cooperation potentials
.
About the course content
Input
1. Basic Macroeconomic
Concepts.
Process
• Lecturer
Sources and References
•Lecture notes
2. Basic Facts about current and
Future
EU
Economic
landscape.
• Lecturer & Students
•Lecture notes, text book and
digital resources.
3. EU History and institutions.
•Lecturer & Students
•Text book, articles
4. EU SD Strategy 2050
•Lecturer
•Strategy papers, European SD
network
5. Common policies
6. EU Monetary policy and
institutions.
Students
Lecturer
•Lecture notes, text and articles.
•Text book, lecture notes and
articles.
7. EU Fiscal Policy and growth
and stability pact & Juncker’s
investment plan .
Lecturer
•Strategy papers and articles.
About the course content
Input
•8. Current and future
challenges
•Future of Euro zone
•Greece , UK & Catalonia.
•Completing the single
market;
•Creating a single digital
market;
•Energy union
Process
• Lecturer
• Lecturer &Guests
•Articles , papers, Guest
Speakers.
•Articles
•Articles, strategy papers
•Lecturer
•Articles, strategy papers
•Articles, strategy papers
9. International trade
agreements promoting
growth, (TTIP) with the US
10. EGYPT-EU Relations.
• A Partnership for Democracy
And Shared Prosperity With the
Southern Mediterranean
•Future cooperation potentials
Sources and References
Lecturer & students
Students
•Strategy papers, articles
•Student inputs
GRADING METHOD
• Overall grading scale: 0 -100
• EU economic policies G.S: 0 - 50
• Final Paper Exam: 35 points
• Participation and presentations: 10 points
• Written paper : 5 points
1. BASIC MACROECONOMIC CONCEPTS
1. GDP & GDP per capita
2. Aggregate Demand
3. Aggregate Supply
4. National income
5. Balance of Payment
6. Budget surplus and deficit
7. Fiscal policy
8. Monetary Policy
9. Inflation & Recession (gaps)
10. Unemployment
CIRCULAR FLOW OF INCOME AND EXPENDITURE
Millions
Germany
France
United Kingdom
Italy
Spain
Poland
Netherlands
Greece
Portugal
Belgium
Czech Republic
Hungary
Sweden
Austria
Denmark
Solvakia
Finland
Ireland
Lithuania
Latvia
Slovenia
Estonia
Cyprus
Luxembourg
Malta
China
India
EU-25 and Eurozone
USA
Japan
0
200
400
600
800
1000
Figure 2.1 population of the EU, its constituent members, and selected other ‘major’ economic, 2005
Source: Eurostat, world Development Indicators
1200
1400
Italy
Germany
Greece
Slovakia
Belgium
France
Portugal
EU-25
Spain
United Kingdom
Luxembourg
Estonia
2005
2050
Finland
Austria
Hungary
Denmark
Slovenia
Lithuania
Netherlands
Czech Republic
Malta
Poland
Cyprus
Ireland
Sweden
0
10
20
30
40
Figure 2.2 Current and projected EU old age Dependency ratios
50
60
70
80
EU-25
United States
Japan
China
0
2,000
4,000
6,000
8,000
10,000
12,000
Figure 2.3 gross domestic product, at current market prices, evaluated at current exchange rates, in the Eu and selected other
major economies, 2005 (billion Euros)
United Kingdom
France
Italy
Spain
Netherlands
Belgium
Sweden
Austria
Polannd
Denmark
Greece
Ireland
GNI
Finland
GDP
Portugal
Czech Republic
Hungary
Slovakia
Slovenia
Luxembourg
Lithuania
Cyrpus
Lativa
Estonia
Malta
0
500
1000
1500
2000
Figure 2.4 Gross National Income and Gross Domestic Product, at current market prices, evaluated
at current exchange rates, for the economies in the EU, 2005 (billion Euros)
2500
Germany
United Kingdom
France
Italy
Spain
Netherlands
Belgium
Sweden
Austria
Polannd
Denmark
Greece
GDP PPs prices
GDP market prices
Ireland
Finland
Portugal
Czech Republic
Hungary
Slovakia
Slovenia
Luxembourg
Lithuania
Cyrpus
Lativa
Estonia
Malta
0
500
1,000
1,500
2,000
2,500
Figure 2.5 GDP at current market prices, evaluated at current exchange rates, and in PPS,
EU Member states, 2005 (billion Euros
ireland
sweden
austria
finland
france
italy
GDP market prices
GDP PPS
spain
greece
portugal
czech republic
estonia
poland
latvia
0
10000
20000
30000
40000
50000
60000
70000
Figure 2.6 GDP per capita at current market prices, evaluated at current
exchange rates, and in PPS, EU member states, 2005 (Euros)
Estonia
Ireland
Slovkia
Slovenia
Greece
Spain
GDP per capita
GDP aggregate
Sweden
Cyprus
EU-25
Portugal
France
Germany
Malta
0
1
2
3
4
5
6
7
Figure 2.7 growth in aggregate and in per capita GDP, EU member states, 1996-2005
8
9
Greece
Latvia
United Kingdom
Ireland
Italy
Malta
EU-25
Netherlands
Luxembourg
France
Denmark
Sweden
Hungary
0
1
2
3
4
5
6
Figure 2.8 income inequality, EU member states, 2003 (ratio achieved by deciding the total income received by the topearning 20 per cent of the population by that received by the lowest-earning 20 per cent in each member state)
7
8
Series 1
greece
slovakia
latvia
cyprus
czech republic
poland
slovenia
ireland
denmark
netherlands
eu-25
sweden
belgium
luxembourg
0
1
2
3
4
Figure 2.9 gross value added, agriculture, EU member states, 2004
5
6
7
Series 1
czech republic
slovenia
ireland
slovakia
poland
hungary
lithuania
germany
finland
sweden
austria
estonia
italy
eurozone
malta
EU-15
EU-25
belgium
denmark
spain
netherlands
portugal
united kingdom
latvia
france
greece
cyprus
luxembourg
0
5
10
15
20
Figure 2.10 gross value added, industry (including energy), EU member states, 2004
25
30
35
EU-15
united states
japan
luxembourg
belgium
finland
united kingdom
denmark
austria
greece
malta
cyprus
portugal
slovakia
estonia
Latvia
2005 GDP per person
2003 GDP per hour
0
20
40
60
80
100
120
140
160
poland
spain
greece
france
estonia
eurozone
czech republic
belguim
portugal
slovenia
denmark
luxembourg
united kingdom
ireland
0
2
4
6
8
10
12
14
Figure 2.12 standardized unemployment rate, EU member states,2005
16
18
20
7000
6000
5000
4000
Exports
Imports
3000
2000
1000
0
EU-25 (intra)
EU-25 (intra)
USA
China
Figure 2.13 EU merchandise imports and exports, 2005 (billion Euros)
Japan
Usa
Germany
China
Japan
France
exports
imports
UK
Italy
Netherlands
Canada
Belgium
0
200
400
600
800
1000
1200
1400
1600
Figure 2.14 the world’s top ten merchandise traders, 2005 (billion Euros)
1800
2000
USA
China
Russia
Japan
Norway
Swizerland
Turkey
Korea
Taiwan
Brazil
0
20
40
60
80
100
Figure 2.15 the EU’s top ten sources of imports (billion Euros),2005
120
140
160
180
Series 1
USA
Switzerland
Russia
China
Japan
Turkey
Norway
UAE
Canada
Romania
0
50
100
150
200
Figure 2.16 the EU’s top ten export partners (billion Euros) , 2005
250
300
ASSIGNMENTS
1. Updating the EU fact figure to 2014
Sources:
www.euobserver.com
www.euractiv.com
www.bbc.com/news/world/europe/
www. Europa.eu
2. Preparing for the second lecture: EU history and institutions:
Text book chapter 1: distributed by
Article: What Is European Integration Really About ? A Political Guide for Economists*
Enrico Spolaore Tufts University, NBER, CESIfo and CAGE June 2013
• Thank you