[Music] all right before we dive into the fun world of the free movement and competition all it's good to start with some context and some limitations so in this set of videos I will take you through some contacts so what is an internal market why would we have an internal market how does it work and I will take you through a number of limitations specific to the course so that means you have to limit the things that you do so in each of these videos I will I will go into these things and then after that we'll dive into the actual free movement rules first question you need to ask yourself is what is an internal market so we're going to study internal market law in these seven weeks that's good to know what we're actually talking about you know it's lawyers we are always looking for a definition and luckily the treaty provides us with one in article 26 of the treaty on the functioning of the European Union it is said that the internal markets shall comprise an area without internal frontiers in which the free movement of goods persons services and capital is in short in accordance with the provisions of the treaties so that means that we know that the internal market is first of all an area without internal frontiers and it comprises of the free movement of goods person services and capital it's good to know when you study internal market law fat's in older days so if you look at older literature or older case law you will run into other terms you will also find the single markets or the common market for the purposes of this course we treat those terms of Samoas and that is an align with what the Court of Justice of the European Union has decided in the Schewel case is that you can use those terms synonymously so that's what our internal market is it is an area without internal frontiers in which the free movement of goods parks and services and capital is in short why would you want to have a internal market so what is the reason the rationale behind having an internal market and the answer to that is actually quite simple well boiled down to its core basically the purpose of the European integration process is to ensure this the idea of the European integration process is that the member states the European countries would never find themselves in a situation again that they found themselves in in World War one and World War two so the overall you can find that in the sort of overarching political goals in the beginning of the treaty on the european union article to for example the boiled down to its core it would be to ensure peace and internal market law as article 3 of the union treaty shows is an instrument in doing that so that area without internal frontiers that comprises of the free movement of goods parts and services and capsule is an instrument it's a tool it's a tool to achieve those high political goals that the union has set for itself so it's always good to remember when you study internal market law that you're actually studying a tool it's hard to to lose sight of us and to start thinking about having free movement as a goal in itself and if we dive down the rabbit hole of the specific rules in in videos to come it will be easy to lose track of that but you have to you will have to in mind that what you're looking at is a tool how then does that internal market work in order to ensure peace so how is it a tool how does it function and I'm going to make a video on this that dives deeper into the more economic underpinnings or at least deep for a lawyer not deep for an economist not at all but I won't do that now but I will do that in a separate video I will explain more of the economic underpinnings but the summary of that is that there is actually two reasons as to why an internal market would work in order to ensure peace first of all it makes countries member states interdependent if there is free movement if your Nationals are moving around if there is a free movement of goods you may rely on products that that come from other member states same goes for services and capital so this this free movement create inner dependency and as long as there is in there dependency it's harder to create us and then feeling where you would be able to find yourself in more isolated positions from which it would be easier to start and wage your war for example to not have that piece anymore interdependency is the first one the second one has to do with and I'll explain that further in the other video but the second one has to do with actually something that happens if you have free movement so if you trade and you can trade in different forms and you can have trade agreements or integration when it comes to trade in different forms but if you take that quite far like the internal market so there's free movement what we see from economics is that actually the the economic growth and aligned would that say the wealth that you would have in a member state or in in the European Union as a whole becomes more and then the sum of the parts that make this European Union that's complicated and I'll try to explain that each member state on it on its own has a certain potential to achieve a certain amount of economic growth and there with also growth of wealth if you add all those together so if you would add those the time filming at least 28 member states and together perhaps when you're looking at this 27 who knows when you add those together then you have sort of the cumulative weight wealth sorry of these Member States what happens if you integrate if you trade and if you do that in a way like in an internal market actually the result of economic growth or wealth that can be achieved in this system of an internal market is larger than the sum that you would have sort of the cumulative the cumulative amount of growth and wealth that you would see if this was not taking place as I said I'll try and explain I'm not an economist but I'll try and explain that further in a different video so we now have what it is an area without internal frontiers with free movement of goods persons services capital and later on down the line I will also explain the relationship with competition law because we're also going to look at competition law we have to why it is an instrument in order to assure the great political goals of the European integration process mostly this and we have at least one aspect of the how so the how the one aspect of the how is it achieves or it tries to ensure peace in order to make member states interdependence and to return a larger amount of economic growth or wealth under the assumption that if people are living in a situation where things are going well from an economic point of view rudely said if they have enough money in their wallets they would be less likely to resort to war there's a more technical question as to the how as well in a sense is how do you achieve an internal markets or how do you create it from a legal perspective and I will deal with that in the next video so see you in the next video