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Unit outline_

ECOS2307: The European Economy

Semester 2, 2022 [Normal day] - Camperdown/Darlington, Sydney

What economic challenges and opportunities does Europe face? This unit analyses Europe's economic framework and policy experience, its economic institutions and the unique relationship European countries have with each other and the rest of the world. Particular attention is paid to the unique constraints that European policymakers face. This unit provides a practical understanding of European economic management for those who may encounter Europe while working in the private or public sectors. No prior knowledge of Economics is required.

Unit details and rules

Academic unit Economics
Credit points 6
12 credit points at 1000 level
Assumed knowledge


Available to study abroad and exchange students


Teaching staff

Coordinator Jordi Vidal-Robert,
Type Description Weight Due Length
Assignment Research project
Essay of 1400 words
35% Formal exam period
Due date: 14 Nov 2022 at 17:00
1400 words
Outcomes assessed: LO1 LO2 LO3 LO4 LO5 LO6 LO7 LO8 LO9 LO10 LO11
Participation Participation
Online participation
5% Ongoing n/a
Outcomes assessed: LO1 LO11 LO10 LO9 LO8 LO7 LO6 LO5 LO4 LO3 LO2
In-semester test (Open book) Type C in-semester exam Mid-semester test
Online exam with multiple-choice and short-answer questions
25% Week 07
Due date: 16 Sep 2022 at 11:00
2 hours
Outcomes assessed: LO1 LO2 LO3 LO4 LO5 LO6 LO7 LO8 LO9 LO10
Assignment Written assignment
Essay of 800 words maximum
20% Week 10
Due date: 17 Oct 2022 at 23:00
800 words
Outcomes assessed: LO1 LO11 LO10 LO9 LO8 LO7 LO6 LO5 LO4 LO3 LO2
Assignment Quizzes
Online Quizzes via Canvas
15% Week 13
Due date: 05 Nov 2022 at 17:00
20 Questions per Quiz
Outcomes assessed: LO1 LO2 LO3 LO4 LO5 LO6 LO7 LO8 LO9 LO10
Type C in-semester exam = Type C in-semester exam ?

Assessment summary

  • Research project: You will write an essay applying the economic concepts seen in class to justify a European policy from the EU perspective. You will write the essay first from a technical point of view. Then, you will write a second part using appropriate language to disseminate the ideas to a broad audience.
  • Written assignment: You will write an essay applying the economic concepts seen in class to evaluate a EU policy from the position of a non-European party. You will use the tools of Text and Data mining introduced in the unit.
  • Online quizzes: There will be 3 sets of quizzes throughout the semester. Only the best two grades will count towards your final grade. Students can keep working on the quizzes until the submission deadline. Students are advised to attempt and complete online quizzes regularly after they have covered and fully studied the relevant topics. Usually quizzes will consist of multiple-choice questions, although some short-response questions may appear as well.
  • Mid-semester exam: Open-book examination.
  • Participation and surveys: Participation and surveys are an integral part of the learning and assessment processes. Students are required to participate in preparatory surveys and encouraged to participate in debates from the tutorial topics.

Detailed information for each assessment can be found on Canvas.

Assessment criteria

The University awards common result grades, set out in the Coursework Policy 2014 (Schedule 1).

As a general guide, a High distinction indicates work of an exceptional standard, a Distinction a very high standard, a credit a good standard, and a pass an acceptable standard.

Result name

Mark range


High distinction

85 - 100



75 - 84



65 - 74



50 - 64



0 - 49

When you don’t meet the learning outcomes of the unit to a satisfactory standard.

For more information see guide to grades.

Late submission

In accordance with University policy, these penalties apply when written work is submitted after 11:59pm on the due date:

  • Deduction of 5% of the maximum mark for each calendar day after the due date.
  • After ten calendar days late, a mark of zero will be awarded.

Academic integrity

The Current Student website  provides information on academic integrity and the resources available to all students. The University expects students and staff to act ethically and honestly and will treat all allegations of academic integrity breaches seriously.  

We use similarity detection software to detect potential instances of plagiarism or other forms of academic integrity breach. If such matches indicate evidence of plagiarism or other forms of academic integrity breaches, your teacher is required to report your work for further investigation.

You may only use artificial intelligence and writing assistance tools in assessment tasks if you are permitted to by your unit coordinator, and if you do use them, you must also acknowledge this in your work, either in a footnote or an acknowledgement section.

Studiosity is permitted for postgraduate units unless otherwise indicated by the unit coordinator. The use of this service must be acknowledged in your submission.

Simple extensions

If you encounter a problem submitting your work on time, you may be able to apply for an extension of five calendar days through a simple extension.  The application process will be different depending on the type of assessment and extensions cannot be granted for some assessment types like exams.

Special consideration

If exceptional circumstances mean you can’t complete an assessment, you need consideration for a longer period of time, or if you have essential commitments which impact your performance in an assessment, you may be eligible for special consideration or special arrangements.

Special consideration applications will not be affected by a simple extension application.

Using AI responsibly

Co-created with students, AI in Education includes lots of helpful examples of how students use generative AI tools to support their learning. It explains how generative AI works, the different tools available and how to use them responsibly and productively.

WK Topic Learning activity Learning outcomes
Week 01 Introduction, historical background and EU Institutions Lecture (2 hr) LO1 LO7
Introduction to Text and Data Mining Tutorial (1 hr) LO5
Week 02 Budget and regional policies Lecture (1.5 hr) LO2 LO3 LO10
Text and Data Mining activities Tutorial (1.5 hr) LO5
Week 03 Trade: within the EU and between EU and external partners Lecture (2 hr) LO3 LO5 LO10
Regional policies Tutorial (1 hr) LO2 LO3 LO10 LO11
Week 04 Labour market Lecture (2 hr) LO2 LO3 LO5 LO6 LO9 LO10
Trade Tutorial (1 hr) LO3 LO5 LO10 LO11
Week 05 Monetary union 1 Lecture (2 hr) LO6 LO8 LO10
Labour market/migration Tutorial (1 hr) LO2 LO3 LO5 LO6 LO9 LO10 LO11
Week 06 Monetary union 2 Lecture (2 hr) LO6 LO8 LO10
Monetary union Tutorial (1 hr) LO6 LO8 LO10 LO11
Week 08 The Great Recession Lecture (2 hr) LO2 LO3 LO4 LO5 LO6 LO8
Week 09 Brexit and Greece Lecture (2 hr) LO2 LO3 LO4 LO6 LO8 LO9 LO10
The Great Recession from a European perspective Tutorial (1 hr) LO2 LO3 LO4 LO6 LO10 LO11
Week 10 Refugees/migration Lecture (2 hr) LO2 LO3 LO4
Economics and Human Rights in the case of the refugees Tutorial (1 hr) LO1 LO2 LO3 LO4 LO7 LO9 LO11
Week 11 Invited lecture Lecture (2 hr) LO2 LO4 LO5 LO10 LO11
Week 12 Fiscal policy Lecture (2 hr) LO2 LO3 LO4 LO6 LO9
Week 13 The future of the EU Lecture (2 hr) LO2 LO4 LO9 LO10

Attendance and class requirements

  • Attendance: According to Faculty Board Resolutions, students in the Faculty of Arts and Social Sciences are expected to attend 90% of their classes. If you attend less than 50% of classes, regardless of the reasons, you may be referred to the Examiner’s Board. The Examiner’s Board will decide whether you should pass or fail the unit of study if your attendance falls below this threshold.

  • Lecture recording: Most lectures (in recording-equipped venues) will be recorded and may be made available to students on the LMS. However, you should not rely on lecture recording to substitute your classroom learning experience.

  • Preparation: Students should commit to spend approximately three hours’ preparation time (reading, studying, homework, essays, etc.) for every hour of scheduled instruction.

Study commitment

Typically, there is a minimum expectation of 1.5-2 hours of student effort per week per credit point for units of study offered over a full semester. For a 6 credit point unit, this equates to roughly 120-150 hours of student effort in total.

Required readings

Required e-textbook: Baldwyn, R. and Wyplosz, C. The Economics of European Integration, 6th ed. McGraw-Hill. 2019

Alternative readings for this unit can be accessed on the Library eReserve link available on Canvas.

Links to related news in the media will be provided on Canvas.

Learning outcomes are what students know, understand and are able to do on completion of a unit of study. They are aligned with the University's graduate qualities and are assessed as part of the curriculum.

At the completion of this unit, you should be able to:

  • LO1. Demonstrate understanding of the economic backgrounds and major events that have shaped the current European Union
  • LO2. Apply economic concepts for analysing and evaluating the European economic policies
  • LO3. Appreciate similarities and differences across the countries that belong to the European Union
  • LO4. Identify the challenges ahead for the EU
  • LO5. Understand the economic interdependence between the EU and other world economies
  • LO6. Identify the costs and benefits of the EU membership
  • LO7. Understand the European decision making within the EU
  • LO8. Understand the economics arguments behind Europe’s common currency project and appreciate the attendant difficulties and opportunities that the Euro has created for policymakers at national and supra-national level
  • LO9. Understand how economic concerns have shaped social policies in the European Union
  • LO10. Understand the economic reasoning behind European integration
  • LO11. Critically analyse events related to the European economy

Graduate qualities

The graduate qualities are the qualities and skills that all University of Sydney graduates must demonstrate on successful completion of an award course. As a future Sydney graduate, the set of qualities have been designed to equip you for the contemporary world.

GQ1 Depth of disciplinary expertise

Deep disciplinary expertise is the ability to integrate and rigorously apply knowledge, understanding and skills of a recognised discipline defined by scholarly activity, as well as familiarity with evolving practice of the discipline.

GQ2 Critical thinking and problem solving

Critical thinking and problem solving are the questioning of ideas, evidence and assumptions in order to propose and evaluate hypotheses or alternative arguments before formulating a conclusion or a solution to an identified problem.

GQ3 Oral and written communication

Effective communication, in both oral and written form, is the clear exchange of meaning in a manner that is appropriate to audience and context.

GQ4 Information and digital literacy

Information and digital literacy is the ability to locate, interpret, evaluate, manage, adapt, integrate, create and convey information using appropriate resources, tools and strategies.

GQ5 Inventiveness

Generating novel ideas and solutions.

GQ6 Cultural competence

Cultural Competence is the ability to actively, ethically, respectfully, and successfully engage across and between cultures. In the Australian context, this includes and celebrates Aboriginal and Torres Strait Islander cultures, knowledge systems, and a mature understanding of contemporary issues.

GQ7 Interdisciplinary effectiveness

Interdisciplinary effectiveness is the integration and synthesis of multiple viewpoints and practices, working effectively across disciplinary boundaries.

GQ8 Integrated professional, ethical, and personal identity

An integrated professional, ethical and personal identity is understanding the interaction between one’s personal and professional selves in an ethical context.

GQ9 Influence

Engaging others in a process, idea or vision.

Outcome map

Learning outcomes Graduate qualities

This section outlines changes made to this unit following staff and student reviews.

Following positive feedback from 2019, I will prepare some lectures based on questions I receive before class. Those questions will shape the slides to better fit students' interest on a specific topic. This year I am also adding an introduction to Text Analysis to analyse and interpret the views on the European Union from non-European media.

Office hours: 11am to 1pm on Mondays. Zoom link will be provided in Canvas.


The University reserves the right to amend units of study or no longer offer certain units, including where there are low enrolment numbers.

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