The term paper require a good grasp of the subjects covered in Parts II, III, IV and V. The required elements of the term paper are: 

– a focus on one or several closely located economies of the EU; 

– a detailed analysis of one particular microeconomic issue that shows your theoretical knowledge of the problem, followed by an evaluation of the prospects for future developments on that issue in the medium term (5-10 years);

– a detailed analysis and evaluation of a particular macroeconomic issue along the same lines. 

The term paper should be double-spaced, 12 font Arial, between 15 and 25 pages long (not including references, graphs and appendix).