Course Overview

This course aims at providing a global perspective and understanding
of the European Monetary Union (EMU) project and its implementation
(including the eurozone crisis). A macroeconomic overview of the main
dimensions of EMU is also developed.

Learning Achievement

Competence

Course prerequisites

Basic knowledge of notions covering European Economics and/or European
Integration process Intermediate knowledge of the main principles of
macroeconomic analysis.

Grading Philosophy

Final examination : Written (1h30)

Course schedule

The course will address three main topics that group many of the
dimensions of EMU current challenges. Each of those items will be
discussed with respect to relevant articles or other references:
 
1- The project of EMU: motivations and initial challenges
(asymmetries and adjustments) 

2- The Eurozone crisis (origins, development and
institutional answers)

3- The policy governance of EMU: the ECB and the single monetary
policy; the Stability Pact and the coordination of national fiscal
policies.

Course type

Lecture course

Online Course Requirement

Instructor

Other information

REFERENCES BIBLIOGRAPHY : 
- De Grauwe P. [2015], The Economics of Monetary Union, Oxford U.P.
(10th ed.). Baldwin R., Wyplosz C. [2012], The Economics of European
Integration,McGraw-Hill (4th ed.). 

KEY WORDS :European Monetary Union ; euro ; eurozone crisis ; monetary
policy ; fiscal policy

Duration: 17.5 hours

Language of instruction: English

Site for Inquiry