Economic and monetary union

leusl2104  2021-2022  Louvain-la-Neuve

Economic and monetary union
5 credits
30.0 h
Q2
Teacher(s)
Language
French
Main themes
This course offers an analysis of the build-up and the functioning of the Economic and Monetary Union (EMU) from the interdisciplinary perspective that allows to shed light on both the power struggles between the Eurozone actors and the economic constraints and challenges they are facing.
Aims

At the end of this learning unit, the student is able to :

1 -          Identify and understand the main economic concepts underlying the build-up and functioning of the  EMU.
-          Explain the power and institutional dynamics shaping the Eurozone governance.
-          Apply economic and political sciences concepts when analyzing contemporary EMU debates and reforms.
-          Understand and replicate the strategical behavior of Eurozone actors.
 
Content
Approaches towards EMU: economic (Optimum Currency Area theory) and philosophical.
Early attempts at monetary integration.
The European Monetary System.
The Maastricht process and the structure of EMU.
The 21st century debt crisis.
Students are expected to give presentations. They concern the crisis and the financial assistance programs in the countries of the Euro area: Greece, Ireland, Portugal, Spain and Cyprus.
There will be visits to the museum of the National Bank of Belgium (part of the European System of Central Banks) and a commercial bank (with a lecture there).
Evaluation methods
Written examination.
Faculty or entity


Programmes / formations proposant cette unité d'enseignement (UE)

Title of the programme
Sigle
Credits
Prerequisites
Aims
Master [120] in Political Sciences: International Relations

Master [120] in European Studies

Advanced Master in Tax Law

Master [120] in Interpreting

Master [120] in Translation