The Economics of the Euro

About the course

Emner

Mikroøkonomi Makroøkonomi International økonomi

Course content

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.

See course description in course catalogue

What you will learn

Understand the historical background to European economic and monetary integration.
Identify the pros and cons of forming a common currency
Discuss the need for fiscal rules to constrain governments in the conduct of fiscal policy
Understand the role of financial markets to provide reliable information to fiscal authorities
Understand the background to the sovereign debt crisis in Europe
Understand the design of and the room for manoeuvre to the European Central Bank
Explain recent developments in the euro area such as the launch of banking union
Relate the challenges of the euro area to other parts of the developed world, primarily the US and Japan

Course prerequisites

Basic knowledge of microeconomics, macroeconomics and international economics.

Facts

Level

Bachelor

Type

Valgfag

ECTS

7,5

Code

BHAAV3007U

Teaching periods

Efterår – semester

Academic year

2024/2025

Status

Available places

Teaching language

English

Teaching Format

På campus

Exams

Skriftlig eksamen på campus
Individual exam, vinter

Assessment type

7-trins skala