The module will examine the economic foundations of the European Union. It will commence with a comparison of different economic models (principally those of Adam Smith and Keynes). The question will be posed: do such theories satisfactorily explain the economic aspects of EC law and policies? Economic terms will then be scrutinised in the context of their deployment within specific areas of EC law and policy, such as market integration and the CAP. The economic presuppositions and controversies surrounding EMU, EU regional policy and EU enlargement will also be critically explored.