| CODE | ECN4202 | ||||||||
| TITLE | European Monetary Union | ||||||||
| UM LEVEL | 04 - Years 4, 5 in Modular UG or PG Cert Course | ||||||||
| MQF LEVEL | 6 | ||||||||
| ECTS CREDITS | 4 | ||||||||
| DEPARTMENT | Economics | ||||||||
| DESCRIPTION | The study-unit is aimed at giving students an understanding of the effects of a single currency on the micro and macro level within society, on countries within Eurozone and on their trading partners outside of Eurozone. The consequences of a change-over to the Euro, on everyday decision-making by consumers, firms and governments will be considered. Indicative list of topics to be covered: - The international monetary system; - Optimum currency areas and asymmetric shocks; - Political and historical aspects of the European Monetary System; - The EU institutional framework; - The Maastricht Criteria and the Growth and Stability Pact; - The role of the European Central Bank and the European System of Central Banks; - Monetary and Fiscal Policies in Monetary Unions. Suggested Textbooks: De Grauwe P. (the latest edition) The Economics of Monetary Union Oxford: University Press. Dyson K. and Featherstone K. (2000) The Road to Maastricht: Negotiating Economic and Monetary Union. European Central Bank (2001) The monetary Policy of the ECB. Ball J. (2000) The European Single Currency: A Bad Idea. New Europe. Bali M. & Franco D. (2005) Fiscal Policy in Economic and Monetary Union. Theory evidence and Institutions. March D. (2010) The Euro. The Politics of the New Global Currency. Yale Press University Other Material will be suggested during the study-unit. The focus is on contemporary articles and reports. |
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| ADDITIONAL NOTES | Pre-requisite Study-unit: ECN1001 | ||||||||
| STUDY-UNIT TYPE | Lecture | ||||||||
| METHOD OF ASSESSMENT |
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| LECTURER/S | Rose Marie Azzopardi |
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The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints. Units not attracting a sufficient number of registrations may be withdrawn without notice. It should be noted that all the information in the description above applies to study-units available during the academic year 2023/4. It may be subject to change in subsequent years. |
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