Brief Table of Contents // PREFACE // PART I: HISTORY, FACTS AND INSTITUTIONS // 1. History // 2. Facts, law, institutions and the budget // 3. Decision making // PART II: THE MICROECONOMICS OF ECONOMIC INTEGRATION // 4. Essential microeconomic tools // 5. The essential economics of preferential liberalization // 6. Market size and scale effects // 7. Growth effects and factor market integration // 8. Economic integration, labour markets and migration // PART III: EU POLICIES // 9. The Common Agricultural Policy // 10. Location effects, economic geography and regional policy // 11. EU competition arid state aid policy // 12. EU trade policy // PART IV: MONETARY INTEGRATION: HISTORY AND PRINCIPLES // 1 3. A monetary history of Europe // 14. The choice of an exchange rate regime // 1 5. The European Monetary System // PART V: MONETARY AND FISCAL POLICY IN THE EU // 16. Optimum currency areas 1 7. The European monetary union // 18. Fiscal policy and the Stability Pact // 19. The financial markets and the euro