120-0416/02 – EU Monetary Policy (MP EU)
| Gurantor department | Department of International Economic Relations | Credits | 4 |
| Subject guarantor | Ing. Kateřina Dvoroková, Ph.D. | Subject version guarantor | Ing. Kateřina Dvoroková, Ph.D. |
| Study level | undergraduate or graduate | Requirement | Choice-compulsory |
| Year | 1 | Semester | summer |
| | Study language | Czech |
| Year of introduction | 2013/2014 | Year of cancellation | 2020/2021 |
| Intended for the faculties | EKF | Intended for study types | Follow-up Master |
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:
Recommended literature:
Additional study materials
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
Occurrence in study plans
Occurrence in special blocks
Assessment of instruction