The fifth edition of The Economics of European Integration, authored by Graduate Institute Professors of International Economics Richard Baldwin and Charles Wyplosz, provides an introduction to the economics of European integration.

The first part of the book is devoted to presenting key institutional, legal and historical facts. The second part uses these facts to lay out the basic economics necessary to understand the past, current and future debates surrounding Europe on economic integration. This helps the reader understand the issues when it comes to matters ranging from fights over the EU budget, faith in the euro, the benefits and costs of the single market and the free flow of labour. It presents both the microeconomic and macroeconomic, so even readers with a limited economic background should be able to profit from the book. The final part goes into the main EU policies in depth, including the common currency, eurozone crisis, Common Agricultural Policy, regional policy, competition policy and trade policy.

The book is aimed at economics undergraduates as well as international relations and European studies undergraduates and graduates.

The fifth edition has been updated to reflect the latest changes stemming from the eurozone crisis – including the new institutional arrangement concerning fiscal discipline, the Single Supervisory Mechanism for bank oversight.

Reference: R. Baldwin and C. Wyplosz, 2015 (5th edition), The Economics of European Integration, McGraw-Hill Higher Education, ISBN: 978-0077169657