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1325 Economic and Monetary Union


ECTS credits: 6

Weekly workload: 2 hours lecture

Assessment: exam

Type of exam: written



Course aims:

  • Knowledge of the economic and monetary union
  • Awareness of the complexity of the process of European integration
  • Awareness of points of view deriving from European or non-European national and cultural backgrounds
  • Ability to identify and use appropriate sources of information
  • Ability to reflect on one’s own values and question concepts, ideas and theories
  • Ability to interpret European events in national, regional and local frameworks
  • Ability to communicate in English using appropriate terminology.

Course content

Economic Integration in a historical and political perspective . Economic Analysis of Preferential Trading Areas. Theory of Optimum Currency Areas. Costs and Benefits of a Common Currency. The European Monetary System. The Transition to a Monetary Union. The European Central Bank. Fiscal Policies in Monetary Unions.  Monetary Policy in the Eurozone. The Euro and Financial Markets


Teaching and assessment

The course is carried out through lecture and seminars, involving projection of video films, the case study method, discussions with representatives from the respective professional field. Assessment is based on: attendance and contribution to seminars (20%); written exam (25%); oral exam (25%); evaluation of a 5-page research paper (30%).

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