European Union Economic Law (5cr)

Objective

After completing this course, the student:
• Understands the basic concepts of economic governance, especially with regards to the Economic and Monetary Union, the Banking Union and the Capital Markets Union
• Comprehends the basic legal, political and economic issues related to the European Union’s economic governance regime
• Knows and is able to interpret and apply the basic primary and secondary law norms concerning the European Union’s economic governance regime
• Is knowledgeable on current discussions concerning the European Union’s economic governance regime
• Is able to analyse the meaning of European Court of Justice judgments on this topic

Content

The Economic and Monetary Union (EMU) constitutes a central element of European integration and the functioning of the European Union. Established originally with the Treaty of Maastricht (1993), the EMU has evolved considerably as a result of the financial and debt crisis that erupted in 2008. Now, alongside the EMU there is also the Banking Union and the Capital Markets Union. Together these form the infrastructure of the European Union’s system of economic governance.

This course explores the historical origins, current form, and future prospects of the European Union’s economic governance regime. Special attention is paid to current developments in economic governance, both when it comes to new secondary law and judgments by the Court of Justice.

Qualifications

For the students of the University of Lapland ONPOOL3 Valta, valtio ja Eurooppa.

For exchange students a basic level course in European Union law.

Assessment criteria, satisfactory (1)

Grading will be done on a scale of 0 to 5. The essay forms the basis of the grading, but active participation to the discussions within the seminars are also taken into consideration.

Materials

Federico Fabbrini & Marco Ventoruzzo (eds.): Research Handbook on EU Economic Law. Edward Elgar Publishing, 2019.

Further information

Period:
The course is usually organized during the spring semester.

Target audience:
Students interested in European Union law and the economy, both local and exchange students.

Responsible teacher:
Tomi Tuominen

Language:
English. The seminars are conducted in English and the final essay is to be written in English.

This course is part of the EU law program:
• ONEVAL0031 European Constitutional Law
• ONEVAL0034 European Union Economic Law
• ONVAL0067 EU:n sisämarkkinaoikeus ja kilpailuoikeus
• OTM0002 EU Private International Law
• OTM0018 Theoretical and Methodological Approaches to EU and International Law

Execution methods

The course is delivered in the form of weekly seminars, in which students give presentations. After this the students will write an essay on a given topic.

Accomplishment methods

Participation to the seminars, a seminar presentation, and a written essay of approximately 3.000 words.