This course is aimed at on the basis of existing knowledge to students of economic theory and the world economy to analyze the theoretical foundations of the economic integration process and its impact on business development in the European Union. As the object of study is chosen the most advanced model of integration processes in the economy of the European Union. This model is studied as a historical and theoretical dimension and in terms of opportunities of development of economic activities of specific companies, industries and economies of individual countries or regions. The course is designed for a high level of prior knowledge of students in economic theory, the global economy, marketing and management, ownership of the foundations of international law. A prerequisite is a good command of English language students, because part of recommended reading, the individual sections of the course textbook, and some business situations for self-analysis are presented in English. The course is specially designed and included in the program for graduate schools of Business Administration and International Relations (Faculty of Business Administration, Faculty of International Relations), Euroacademy, Estonia.
Topics: Global Europe. European economy. European business. Business environment in EU. Trade. Markets. Industries. Service. Transport. European financial environment. Energy. Agriculture, Knowledge economy. Development strategies. ICT in EU. Sustainable development. E-business and E-governance.
Curricular objectives are:
- To understand the European Union´s economy and its development trends in global economy.
- To understand the European Union’s economic policies and regulations.
- To assess the European Union in economic activity or development.
- Understanding of the European Union and the Member States’ development strategies.
- To assess the company’s competitiveness in Europe.
The course outputs are:
- Ability to establish and develop business in the Member States of the European Union.
- Ability to analyze sectorial developments and potentials of the European Union.
- Ability to interpret business development of the European Union regulations.
- The ability to use the European Union’s development resources.