Case Study on âEconomic Integrationââ¨âExamine the extent to which the benefits of UK membership in the European Union outweigh the costsâ.
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Define Economic integration
Distinguish between the different types of economic integration: Preference Trading Area, Free Trade Area, Customs Union, Common Market, Economic & Monetary Union, Complete Economic Integration
Discuss the advantages and disadvantages for UKâs membership in the EU
Support your analysis with relevant economic data or diagram
Identify key economic(s) word in question â define and/or provide the formula, if appropriate.
Prioritise the main 3 or 4 economic benefits of an economic policy , economic good or economic situation for the relevant stakeholders.
Explain, using economic terminology and vocabulary (defining terms as you go), each of the economic benefits (ANALYSIS)
Diagrams â decide which economics diagrams to include in your essay. (APPLICATION)
Real world examples â decide which extract quotes, data, statements (facts) to use in your essay to support and complement your arguments for and arguments against.
Prioritise your counter arguments â i.e. decide upon 3 or 4 economic drawbacks of an economic policy, economic solution or economic situation for the relevant stakeholders.
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