The course was tailored, in the first place, to meet the interest of a group of political science and economics university teachers from India and China. 

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Course Description

Course aims

  • To familiarise students with opportunities to trade with and invest in the EU

  • To outline the advantages, the disadvantages, the cost and the risks of doing so.

Expected outcomes

At course completion, students will be equipped with key practical knowledge to orient themselves and others – companies, academic and/or research units, governments and the public at large – in the EU economic, trade and investment traditions and contemporary practices.

The key element of achieving this knowledge is acquiring an orientation and a decision-making capacity with regard to the sea of information about EU economy, with its inner diversity, political and regulatory traditions.


Unit One. Macro-dimensions of the EU economy
Unit Two. Trading with the EU
Unit Three. Investment process – in- and outward investment
Unit Four. “Cultural” matters relevant to trade and investment
Unit Five. Conclusions (SWOT analysis) on the pros and cons of trading with and investing in the EU 

Course Author:
Dr. Krassen Stanchev


  • Student code
  • Unit One. Macro-dimensions of the EU economy
    • Step One: the size of the EU economy
    • Step Two: the monetary Union (the Euro)
    • Step Three: Taxes and government spending
    • Step Four: Welfare states in the EU
    • Step Five: EU programs, budgets transfers and regulations
    • Step Six: EU economic policies and decision making
  • Unit Two: Trading with the EU
    • Step One: Economic liberation of the EU and its trade openness
    • Step Two: The trade within the Union
    • Step Three: FTAs with neighbours
    • Step Four: EU global FTA agreements
  • Unit Three: Trade and investment process – in- and outward investment in the EU
    • Step One: History of EU trade openness as reflected in the comparative macroeconomic indexes
    • Step Two: Investment regularities related to trade, central banking and banks
    • Step Three: Regulation, trade and investment – the role of the EU policy factor
  • Unit Four: Relevant to trade and investment “cultural” matters
    • Step One: The non-economic charm of the EU
    • Step Two: Dynamics of the EU business environment
  • Unit Five: Conclusions (SWOT analysis) on the pros and cons of trading with and investing in the EU

About Author

Dr. Krassen Stanchev teaches Public Choice and Macroeconomic Analysis of Politics at Sofia University, plus history of economic ideas to humanitarian post-graduates; he is also CEO of KC 2 Ltd and Board Chairman, founder and former Executive Director of IME ( - the first Bulgarian independent and free market think thank (1993), former member and committee chairman of the Constitutional Assembly (1990-1991), one of the most quoted Bulgarian observers. He was a principle drafter and leader of reforms from central planning to market economy and is one of the leaders of those reforms in Bulgaria and new Europe. After leaving IME in 2006, he worked in Bosnia and Herzegovina, Kosovo, Macedonia and Montenegro, Central Asia (Kazakhstan, Kyrgyzstan and Tajikistan), Caucasus (Armenia, Azerbaijan and Georgia), and Russia, Ukraine and Egypt, leading teams and/or being a subcontractor of EU, UN, USAID or the World Bank programs. His main research interests are in the area of economic analysis of law and institutions.