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The Monetary and Economic Union

Informacje ogólne

Kod przedmiotu: WSM-BA-IRAS-234 Kod Erasmus / ISCED: (brak danych) / (brak danych)
Nazwa przedmiotu: The Monetary and Economic Union
Jednostka: Wydział Studiów Międzynarodowych i Politycznych
Grupy:
Punkty ECTS i inne: 0 LUB 5.00 LUB 4.00 (w zależności od programu)
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Język prowadzenia: angielski

Zajęcia w cyklu "Semestr letni 2020/2021" (w trakcie)

Okres: 2021-02-25 - 2021-06-15
Wybrany podział planu:


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Typ zajęć: Wykład, 30 godzin więcej informacji
Koordynatorzy: Piotr Łasak
Prowadzący grup: Piotr Łasak
Lista studentów: (nie masz dostępu)
Zaliczenie: Przedmiot - Egzamin
Cele kształcenia:

The aim of the course is to provide students with a general overview of the economic and financial aspects of the processes of European integration. Special attention will be paid to the processes of the monetary union creation. Students should understand the economic, political, and social determinants of these processes.

Efekty kształcenia:

W1: The aim of this module is to examine mechanisms, rules and institutions of the European Union’s Economic Integration and Economic and Monetary Union, in the context of its historical development of in Europe after 1945. General learning outcomes upon completion of this module by individual student could be specified as follows. A student : K_W08 has knowledge on vital social and economic phenomena, determining the evolution of the international system and European Economic and Monetary Integration [IRA_K1_W01, IRA_K1_W02, IRA_K1_W03, IRA_K1_W04, IRA_K1_W05].


W2: K_U03 understands the substance of basic processes of international relations K_W12 has basic information on European Union economics [IRA_K1_W01, IRA_K1_W02, IRA_K1_W03, IRA_K1_W04, IRA_K1_W05]


W3: Student understands basic concepts and more complex issues behind European Monetary integration and the establishment of Monetary Union, coupled

with the rise of the Euro. [IRA_K1_W01, IRA_K1_W02, IRA_K1_W03, IRA_K1_W04, IRA_K1_W05]


U1: K_U05 Is able to recognize the substance of events in the sphere of the European Union in the global economic, trade and financial system. [IRA_K1_U01, IRA_K1_U02, IRA_K1_U03, IRA_K1_U04, IRA_K1_U05]


K1:Presentations, research,organisation,logical reasoning all in multicultural teams. Leadership skills and presentation skills. Public speaking. [IRA_K1_K01, IRA_K1_K02, IRA_K1_K03, IRA_K1_K04]


Wymagania wstępne:

Basic knowledge of economics and finance.

Forma i warunki zaliczenia:

Components of the final grade:


• Active participation in class - 40% of final grade (participation 10%, activity and presentations 30%). Each student may have two absences from class with no consequences.


• Final exam - 60% of final grade. Final exam form: written tests, multiple choice questions, fill-in-the blank test and short open questions.


The finał exam will be orgnized on the PEGAZ EXAMS platform.

Metody sprawdzania i kryteria oceny efektów kształcenia uzyskanych przez studentów:

Lecture, discussion, students' presentations, exam.


The classes are on the MS Teams platform. Before the first class students will receive the invitation email.


All materials are privided for students via MS Teams files (or optionally via PEGAZ STUDENTS FORUM).



Terminy egzaminów i zaliczeń:

During session and retake session. The exact dates will be scheduled during first class and then confirmed during last class.

Pełny opis:

1. Theorising EU Economic Integration and monetary union - basic definitions and theories.

2. The history of the European economic integration, customs union theory, construction of internal market in post-1945 Europe.

3. Review of international monetary system, gold standard, exchange rates, currency pegs- Costs and Benefits of Economic and Monetary Union, optimal currency areas.

4. Steps to european monetary union, theory of monetary integration, optimum currency area etc.

5. The implementation of the EMU, ERM, EMS, Maastricht criteria and launching of the EURO; central bank in action, advantages and disadvantages of the euro currency. European Macroeconomic Cooperation; stability and growth pact.

6. The crisis in the eurozone - the main features of the crisis. Description of the financial crisis in selected countries: Greece, Ireland, Spain.

7. Exiting from the crisis in the EU: European Stability Mechanism, Banking Union. Public support and the future of the Euro and Europe; legitimacy of the EURO-a threat? Austerity and German dominance; Reform or muddling through? Antineoliberalism mood. Democratic deficit; enlargement.

8. Mechanisms of the EU financial system and budget. Economic Integration- growth and competitiveness; Lisbon Strategy; Common Agricultural Policy; Regional Policies, Cohesion.

9. The future of the European Union and the eurozone.

Literatura:

Key readings:

Ben Rosamond, Theories of European integration, Palgrave Macmillan 2000.

Markus K. Brunnermeier, Harold James, and Jean-Pierre Landau, The Euro and the Battle of Ideas, Princeton University Press 2017.

Stephen Valdez, Philip Molyneux, An Introduction to Gobal Financial Markets, Palgrave MacMillan, 2013. Chapter 12: European Economic and Monetary Union.

Additional/further readings:

J. E. Stiglitz, The Euro: How a Common Currency Threatens the Future of Europe, W. W. Norton & Company, London 2016.

Paulde Grauwe Economics of Monetary Union 12th edition Oxford University Press 2018.

Reflection paper on the future of EU Finances, European Comission, Brussels 28 June 2017.

Uwagi:

The classes will be on MS TEAMS platform. Before the course starts, an email will be sent to every class participant with the information how to log in the first class.

Opisy przedmiotów w USOS i USOSweb są chronione prawem autorskim.
Właścicielem praw autorskich jest Uniwersytet Jagielloński w Krakowie.