AØKK08053U Seminar: European Economic and Monetary Integration: The Past, the Present and the Future (F) IS CANCELED

Volume 2014/2015
Education
M.Sc, of Economics
The seminar is a part of the financial line signified with (F)
(Only available for Master students at Department of Economics)
Content

The purpose of this seminar is to analyse the functioning of The Economic and Monetary Union of the EU (EMU) and the main lessons learned from the first 15 years since the historic creation of the EMU in 1999. The aim is hereby to describe and explain as much of the main ups and downs of the EMU as possible, including the European Central Bank (ECB), the Economic Stability Mechanism, the Monetary Strategy of the ECB, the monetary and fiscal policies of the EMU and the members of the Euro-zone, the Stability and Growth Pact, the Fiscal Compact, the Euro Pact and the Euro Plus Pact, the strength of the euro vis-à-vis the dollar and other currencies, the ERM-II. The students are invited to provide both quantitative and qualitative assessments of the development or a combination of both. An important idea behind the seminar is to use the analyses in order to provide a probable picture of the future outlook of the EMU for the coming decade. The seminar also invites the production of single country analyses, for instance, with respect to prospects vis-à-vis entry into either the EMU.

Learning Outcome
  • Evaluation of the 2011-2014 reforms of the EMU
  • The Euronization of the Balkans – the case of Montenegro
  • The survival of Greece and the EMU – identifying the winners and losers of the debt crisis?
  • Predicting the next crisis of the EMU by looking at real economic asymmetries across the Euro-area.
  • The impact of the ESM on financial stability in Europe and the world.
  • How optimal is the EMU in terms of optimum currency area theory?
  • Nominal/real Economic and monetary indicators for and against Danish/UK/Swedish membership of the EMU
  • Who will be in charge from 2015: the monetary or fiscal authorities?
  • The interest rate decisions of the European Central Bank: Still looking like the Taylor rule?
  • Have Europe’s economies gained from the EMU?
  • De Grauwe, Paul: Economics of Monetary Union, 2014, tenth edition, Oxford University Press
  • Eijffinger, Sylvester C.W. and Jakob de Haan: European Monetary and Fiscal Policy. Oxford University Press. 2000; Chapter 2 (p. 31-52) and Chapter 6 (139-164).
B.Sc. of Economics
The student should preferably be a graduate student or an engaged and excellent bachelor student with an in interest in the EU, preferably a background from the EU-Economics course or knowledge from other courses focusing on in particular monetary or financial integration.
Planning meeting ind the begining of the semester,informed by the teacher, writing seminar paper during the semester and presentations at the end of the semester. More informations will be uploaded at Absalon by the teacher.

Planning meting: Thursday 5th February 2015.
Deadline for handing in paper: 15 April 2015.
  • Category
  • Hours
  • Exam
  • 0,3
  • Seminar
  • 0
  • Total
  • 0,3
Credit
7,5 ECTS
Type of assessment
Written assignment
Oral examination, 60 min under invigilation
A written seminar paper and a oral presentation for the others participans at the seminar.
Exam registration requirements
Attendance on the seminar. The mandatory commitment paper and seminar paper have been handed in at deadline.
Aid

Al aids for the written seminarpaper.

For the oral presentation the slices for the presentation. The teather can specifiy what els is allowed.

Marking scale
7-point grading scale
Censorship form
External censorship
up to 20 % censorship at the seminarpaper
Exam period
Is decided and informed by the teacher at the compulsive planningmeeting.
Re-exam
As ordinary.
Criteria for exam assesment

The student must in a satisfactory way demonstrate that he/she has mastered the learning outcome of the course.