Euros and Cents: From Common Market to European Union
Final Examination Preparation Sheet
- The examination will have two parts: Part 1, a required question (see below) and Part 2, optional questions - the choice of three of five questions
- Part 1 is expected to be at least 5 pages double spaced and in Part 2, each response is expected to be at least 3 pages double spaced.
- The examination is worth 45% of your final mark: Part 1 is valued at 15% and each of the three responses in Part 2 is valued at 10%.
- Be sure to check your responses for having address ALL parts of each question.
The following question will be the Required Question on the examination. You may NOT bring any prepared documentation, study notes or related materials into the examination.
- The European Union (EU)
- Briefly outline the history of the European Union to date.
- Describe the governance structure of the European Union and the authorities of its key institutions.
- What have been the recent political issues facing the European Union of the last five to ten years?
- What have been the recent economic issues facing the European Union of the last five to ten years?
- Briefly describe the kind and degree of cultural challenges facing the unique experiment of the European Union.
Part II Optional Question Themes
- The evolution of the European Community into becoming a single European market:
- The time frame
- Global events that affected the evolution of events
- The policy and legislative instruments
- Benefit-cost assessment
- Cohesion and Convergence
- The effects of enlargement
- Socio-economic supports
- Economic effects of a single market and single currency
- Political and cultural tensions to be overcome
- The European Monetary Union (EMU) and its European Central Bank (ECB)
- What is the EMU
- What are the benefits and costs of the EMU for the EU member states?
- What is the ECB
- What are the impacts of the ECB for member states?
- What are the effects of the single European market for the ordinary citizens of the EU?
- What have been the strengths of being a citizen of such a union?
- What remain as the weaknesses of having to be a member of the EU?
- What has been the evolution of the European Union’s trade policy?
- What is the state of the EU’s trade policy?
- How do the trends of its trade activity align with its policy intentions?
- Are there concerns or considerations for its long term development?