120-0516/01 – EU Monetary Policy (EUMP)

Gurantor departmentDepartment of European IntegrationCredits5
Subject guarantorIng. Kateřina Dvoroková, Ph.D.Subject version guarantorIng. Kateřina Dvoroková, Ph.D.
Study levelundergraduate or graduateRequirementChoice-compulsory
Year1Semestersummer
Study languageEnglish
Year of introduction2012/2013Year 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
Full-time Credit and Examination 2+1

Subject aims expressed by acquired skills and competences

1. Define basic concepts of EU Monetary Policy 2. Explain major events relevant to the development of monetary cooperation in Europe 3. Evaluate the necessary preconditions for monetary integration in the EU 4. Analyze the current state of functioning of the European Monetary Union 5. Formulate perspective functioning of the European Monetary Union 6. Explain the main benefits of monetary integration in the EU

Teaching methods

Lectures
Seminars
Individual consultations

Summary

The aim of the course is to acquaint students with the major historical phases of the monetary integration proces in Europe and equip students with the theories underlying European Monetary Union. Topics covered include the institutional and legal framework of EU monetary policy, evaluation and debate on the main issues related to the launch of the euro and discussion the problem of fiscal politics coordination in monetary union. The course also deals with the influence of the European Monetary Union on the Czech Republic and other accession countries. In the subject there will be discussed also the process of EU financial markets integration and the view from outside the euro area, i.e. its position in the global economy.

Compulsory literature:

BALDWIN, Richard and Charles WYPLOSZ. The Economics of European Integration. New York: McGraw Hill, 2009. ISBN 978-0-077-12163-1. De GRAUWE, Paul. Economics of Monetary Union. New York: Oxford University Press, 2009. ISBN 978-0-19-956323-4. EICHENGREEN, Barry. Globalizing capital: a history of the international monetary system. New Jersey: Princeton University Press, 2008. ISBN 978-0-691-13937-1.

Recommended literature:

DYSON, Kenneth and Martin MARCUSSEN. Central Banks in the Age of the Euro: Europeanization, Convergence and Power. Oxford: Oxford University Press, 2009. ISBN 978-0-19-921823-3. FUHRER, Jeffrey C. Understanding Inflation and the Implications for Monetary Policy: A Phillips Curve Retrospective. Cambridge, MA: MIT Press, 2009. ISBN 978-0-262-01363-5. HIERONYMI, Otto. Globalization and the Reformo f the International Banking and Monetary System. Basingstoke: Palgrave Macmillan, 2009. ISBN 978-0-230-23530-4.

Way of continuous check of knowledge in the course of semester

E-learning

LMS Moodle

Další požadavky na studenta

Credit: Seminar work Condition for taking the exam is obtaining a credit from seminars. Conditions for obtaining credit are: 1. gaining total of at least 18 points 2. proper delivering of seminar work (max. 20 points) 3. presentation of a seminar work (max. 10 points) 4. presence at 5 seminars (active – at least 3 points) During seminars students can obtain 0 – 35 points. Exam: Written test Written part comprises a test assessed by 0-65 points. Student needs to gain at least 13 points from written part.

Prerequisities

Subject has no prerequisities.

Co-requisities

Subject has no co-requisities.

Subject syllabus:

1. Origins and Development of European Monetary Integration 2. European Monetary System 3. The Theory of Optimum Currency Area 4. Formation of the European Monetary Union 5. Institutional Framework of the Common EU Monetary Policy 6. The ECB´s Monetary Policy Strategy 7. Monetary Policy Instruments of the ECB 8. Monetary and Fiscal Policy in Monetary Union 9. Institutional Framework of Fiscal Policy in EU 10. The Integration of Financial Markets in the EU 11. Impact of the Financial Crisis on the Convergence of the Czech Economy with the Euro Area Economy 12. The Treaty of Lisbon and Economic and Monetary Union

Conditions for subject completion

Full-time form (validity from: 2012/2013 Summer semester, validity until: 2015/2016 Summer semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of points
Exercises evaluation and Examination Credit and Examination 100  51
        Exercises evaluation Credit  (35)
                Seminar Work Other task type 20  10
                Presentation Other task type 10  5
                Attendance Other task type 5  3
        Examination Examination  (65)
                Written test Written examination 65  33
Mandatory attendence parzicipation:

Show history

Occurrence in study plans

Academic yearProgrammeField of studySpec.FormStudy language Tut. centreYearWSType of duty
2018/2019 (N6202) Economic Policy and Administration (6210T004) European Integration P Czech Ostrava 1 Choice-compulsory study plan
2017/2018 (N6202) Economic Policy and Administration (6210T004) European Integration P Czech Ostrava 1 Choice-compulsory study plan
2016/2017 (N6202) Economic Policy and Administration (6210T004) European Integration P Czech Ostrava 1 Choice-compulsory study plan
2015/2016 (N6202) Economic Policy and Administration (6210T004) European Integration P Czech Ostrava 1 Choice-compulsory study plan
2014/2015 (N6202) Economic Policy and Administration (6210T004) European Integration P Czech Ostrava 1 Choice-compulsory study plan
2013/2014 (N6202) Economic Policy and Administration (6210T004) European Integration P Czech Ostrava 1 Choice-compulsory study plan
2013/2014 (N6202) Economic Policy and Administration (6210T004) European Integration (00) European Integration P Czech Ostrava 1 Choice-compulsory study plan
2012/2013 (N6202) Economic Policy and Administration (6210T004) European Integration (00) European Integration P Czech Ostrava 1 Choice-compulsory study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner
Incoming Students 2015/2016 Full-time English Choice-compulsory 163 - International Office stu. block
Incoming Students 2014/2015 Full-time Czech Choice-compulsory 163 - International Office stu. block
Incoming students 2013/2014 Full-time Czech Choice-compulsory 163 - International Office stu. block
Incoming Students 2012/2013 Full-time Czech Choice-compulsory 163 - International Office stu. block