1. With reference to a customs union and a free trade area analyse the concepts of trade creation, diversion and deflection.
(Distinction between customs union and Free Trade (4 diagrams), Trade creation, Diversion & Deflection, and how it affects trade (explain with diagrams))
Essential reading: Artis M and Nixson F, (2007), ‘The Economics of the European Union’, fourth edition, Chapter 3.
2. Examine how Articles 101 and 102 encompass both the static and dynamic concepts of
(Article 101 &102 (case examples), Dynamic & Static)
(Diagrams if needed)
Essential reading: Artis M and Nixson F, (2007), ‘The Economics of the European Union’, fourth edition, Chapter 5.
The Single Market
3. Examine the main non tariff barriers that have hindered the development of the single market.
(Diagrams if needed)
Essential reading: Hitiris T, (2003), ‘Europian Union Economics’ fifth edition, Chapter 3.
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