18 July 2014
The Economics of the Euro
This course offers a detailed account of the process towards economic and monetary union in Europe. After a short introduction into the history and an overview of the major institutions of the European Union, we will discuss the theoretical foundations of an economic and monetary union. Then we study the key monetary and fiscal policy arrangements in the euro area, including the European Central Bank and the Stability and Growth Pact. In the final part, we will evaluate the performance of the euro area in light of accumulated evidence over the past decade, and we will look ahead in order to provide an assessment of the risks and opportunities of the euro area.
Professor Svend E. Hougaard Jensen, Copenhagen Business School.
Students with interest in economics and monetary policy. This course requires basic knowledge of microeconomics, macroeconomics and international economiocs.
Upon the end of the course, students will be able to understand the historical background to and major institutions of the European Union, identify pros and cons of economic and monetary integration in Europe, understand the instruments of and targets for monetary policy conducted by the European Central Bank, and discuss the need for fiscal rules to constrain governments and members of a monetary union.
EUR 1300: Tuition fee includes this course with all the materials and Blackboard access. It also includes Croatian studies course with various activities such as visits to museums, Parliament and company visit. Students will also have two field trips included during the weekends.