|Module / ECTS / Path / Specialisation||Module :Introduction to European Economy : 3 ECTS.|
|Open for visitors||yes (3 ECTS)|
|Working language :||English|
|Volume of contact hours :||20 h|
|Workload to be expected by the student :||60 h|
Track : Attendance
|LEARNING GOAL 1 : Students will master state-of-the-art knowledge and tools in management fields in general, as well as in areas specific to the specialized field of management.|
|Students will identify a business organization’s operational and managerial challenges in a complex and evolving environment.|
|Students will understand state-of-the-art management concepts and tools and use them appropriately.|
|Students will implement appropriate methodologies to develop appropriate solutions for business issues.|
The objectives of the lectures are to provide an overview of economic developments and the evolving position of the European Union in the World Economy, with special focus on the economic policy challenges faced by the Eurozone – the EU’s single most important achievement towards deeper integration. The lectures will cover topics in trade policy; the international role of the Euro; monetary and fiscal policy in the EU; the economic performance of the Eurozone and the management of the sovereign debt crisis.
Upon completion of the class, participants should be able to understand the analytical underpinnings of key issues that are currently actively debated among policymakers and observers. Examples include the international trade policy disputes between the EU and the USA; the drive for more fiscal federalism in Europe; and the reform of the financial architecture of the Eurozone.
- Define process of Economic integration in Europe.
- Discuter du potentiel et des perspectives de la zone euro.
- Détailler les politiques monétaires et fiscales de l'UE.
- Analyser la place de l'UE dans la commerce internationale.
- Evaluer la gestion de crise de dette en Europe.
The class will be structured around 10 themes to be presented in 10 sessions:
Theme 1: The process of Economic integration in Europe
Theme 2: The EU in international trade
Theme 3: The EU in agricultural markets
Theme 4: The Euro as an international currency
Theme 5: The economic performance of the Eurozone
Theme 6: Is the Eurozone an optimum currency area?
Theme 7: Monetary policy in the Eurozone
Theme 8: Fiscal policy in the Eurozone
Theme 9: Origins and management of the sovereign debt crisis in the Eurozone
Theme 10: Reforming the European Monetary Union: The way forward
Basic knowledge of economics is required.
• R. Baldwin and C. Wyplosz, « The Economics of European Integration », McGraw Hill, 4th edition, 2012
• P. De Grauwe, « Economics of Monetary Union », Oxford UP, 10th edition, 2014
• Barbier, M. Sidiropoulos et A. Varoudakis, “La gouvernance économique de la zone euro: Réalités et perspectives”, De Boeck, Bruxelles, 2018
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