Case of Study on “Economic integration”

“Examine the extent to which the benefits of UK membership in the European Union outweigh the cost”

– 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 UK’s membership in EU
– Support your analysis with relevant economic data or diagram

Essay Plan :
– Identify economics won in question-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(define therms as you go), each of the economic benefits(Analysis)
– Diagrams – decide which economics diagrams to include in your essay.(Application)
-Real world examples-decide which extract quotes, data, statement(facts) to use in your essay to support and complement your arguments for and arguments against.
-Prioritise your counter arguments- i.e. decide upon 3 or 4 economic drawbacks of an economic policy, economic solution or economic situation for the relevant stakeholders.
– Conclusion – Weigh up the main economic argument for and against the government policy, economic good/services, economic situation or economic solution. Make a judgement(decision)
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