120-0416/02 – EU Monetary Policy (MP EU)

Gurantor departmentDepartment of International Economic RelationsCredits4
Subject guarantorIng. Kateřina Dvoroková, Ph.D.Subject version guarantorIng. Kateřina Dvoroková, Ph.D.
Study levelundergraduate or graduate
Study languageCzech
Year of introduction2013/2014Year of cancellation
Intended for the facultiesEKFIntended for study typesFollow-up Master
Instruction secured by
LoginNameTuitorTeacher giving lectures
DVO37 Ing. Kateřina Dvoroková, Ph.D.
KUC20 doc. Ing. Zuzana Kučerová, Ph.D.
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Part-time Credit 6+6

Subject aims expressed by acquired skills and competences

1. To define basic concepts from the field of the monetary policy of the EU 2. To clarify fundamental events important for development of monetary cooperation in Europe 3. To assess necessary expectations for monetary integration within the EU framework 4. To analyse the present state of European Monetary Union functioning 5. To formulate perspectives of European Monetary Union functioning 6. To explain main benefits of monetary integration in the EU

Teaching methods

Lectures
Seminars

Summary

The aim of the course is to introduce students the major historical phases of the monetary integration process in Europe and equip students with the theories underlying European Monetary Union. Topics covered include institutional and legal framework of EU monetary policy, main issues related to the launch of the Euro and discussion the problem of fiscal politics coordination in monetary union.

Compulsory literature:

1. BALDWIN, Richard E., WYPLOSZ, Charles. The economics of European integration. London : McGraw-Hill Higher Education, 2009. 596 p. ISBN 978-0077121631. 2. GRAUWE, Paul de. Economics of monetary union. Oxford : Oxford University Press, 2009. 290 p. ISBN 978 0199563234 . 3. ZESTOS, G. K. European Monetary Integration: The Euro. Thomson South-Western, 2006. ISBN 0-324-31787-5. The European Union on Line. http://www.europa.eu.int/ The European Central Bank on Line. http://www.ecb.int/.

Recommended literature:

1. EIJFFINGER, S, DE HAAN, J. European Monetary and Fiscal Policy. University of Tilburg, University of Groningen, 2000. ISBN 0-19-877616-0. 2. KRUGMAN, Paul R., OBSTFELD, Maurice. International economics: theory & policy. Addison-Wesley series in economics. Boston, Mass : Pearson Addison Wesley, 2009. 706 p. ISBN 978-0321493040. 3. OXELHEIM, L., FORSSBAECK, J. Money Markets and Politics : A Study of European Financial Integration and Monetary Policy Options. Edward Edgar Publishing, 2003. ISBN 1843764458. 4. WYPLOSZ, CH. The Impact of EMU on Europe and other Developing Countries. Oxford University Press : New York, 2001. ISBN 0-19-924531-2.

Way of continuous check of knowledge in the course of semester

Presentations Seminar work

E-learning

ELearning course in LMS Moodle

Other requirements

Study of documents in English

Prerequisities

Subject has no prerequisities.

Co-requisities

Subject has no co-requisities.

Subject syllabus:

LECTURES 1. The origins and evolution of european monetary integration 2. European monetary system 3. Theory of optimum currency area 4. Launch of European monetary union 5. Institutional and legal framework of single monetary policy 6. ECB monetary policy strategy 7. ECB objectives and instruments of monetary policy 8. Monetary and fiscal policy in the monetary union 9. Institutional framework for fiscal policies of EU member states 10. Financial integration in the monetary union 11. Coordination of national fiscal politics in EMU 12. EMU and the position of the single currency euro in the global economy SEMINARS 1. European Monetary System 2. OCA theory; technical aspects of introduction of euro 3. Monetary policy strategies 4. Independence and accountability of central bank 5. Fulfilling of convergence criteria 6. Capital and banking markets in eurozone

Conditions for subject completion

Part-time form (validity from: 2017/2018 Winter semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of points
Exercises evaluation Credit 85  43
Mandatory attendence parzicipation:

Show history

Occurrence in study plans

Academic yearProgrammeField of studySpec.ZaměřeníFormStudy language Tut. centreYearWSType of duty
2018/2019 (N6208) Economics and Management (6208T020) Business Economics K Czech Ostrava 1 Choice-compulsory study plan
2017/2018 (N6208) Economics and Management (6208T020) Business Economics K Czech Ostrava 1 Choice-compulsory study plan
2016/2017 (N6208) Economics and Management (6208T020) Business Economics K Czech Ostrava 1 Choice-compulsory study plan
2015/2016 (N6208) Economics and Management (6208T020) Business Economics K Czech Ostrava 1 Choice-compulsory study plan
2014/2015 (N6208) Economics and Management (6208T020) Business Economics K Czech Ostrava 1 Choice-compulsory study plan
2014/2015 (N6208) Economics and Management (6208T037) Management K Czech Ostrava 1 Choice-compulsory study plan
2013/2014 (N6208) Economics and Management (6208T037) Management K Czech Ostrava 1 Choice-compulsory study plan
2013/2014 (N6208) Economics and Management (6208T037) Management (02) Management K Czech Ostrava 1 Choice-compulsory study plan
2013/2014 (N6208) Economics and Management (6208T020) Business Economics K Czech Ostrava 1 Choice-compulsory study plan
2013/2014 (N6208) Economics and Management (6208T020) Business Economics (02) Business Economics K Czech Ostrava 1 Choice-compulsory study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner
Subject block without study plan - EKF - K - cs 2019/2020 Part-time Czech Optional EKF - Faculty of Economics stu. block