Advanced issues in Economic and Monetary Union

leusl2112  2024-2025  Louvain-la-Neuve

Advanced issues in Economic and Monetary Union
5.00 credits
30.0 h
Q1

  This learning unit is not open to incoming exchange students!

Teacher(s)
Language
English
Main themes
This course offers an analysis of the build-up and the functioning of the Economic and Monetary Union (EMU) from two distinct disciplinary perspectives that allows to shed light on both the power struggles between the Eurozone actors and the economic constraints and challenges they are facing.
Learning outcomes

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
The main objectives of this master course are to explore, from an interdisciplinary perspective, the governance of the Economic and Monetary Union by mobilising critical political economy concepts to better understand current economic issues. More precisely, the focus of the course is on the financial and macroeconomic aspect of EMU and addresses the following questions: what are the origins of the financial system of the Eurozone, how has it evolved since the crisis, what is the real potential of greening European finance, how to understand the mutations of the ECB since its creation, should we worry about public debt, how were built the European electricity markets and what are the solutions to its dysfunction. More broadly, issues related to the ecological disaster and the solutions to address it at the EMU level is a cross-cutting theme of the course and will be addressed in most sessions.
In order to make the course interactive and to allow students to test their knowledge, they will form groups that will work throughout the semester on a Wikipedia entry on a topic related to EMU. Two sessions of the course will be dedicated to accompanying the groups in their Wikipedia work. In addition, before each class, you must read the required reading and watch the documentary. You must also complete the Wikipedia-related assignments for each course on the Moodle dashboard.
VERY IMPORTANT NOTE: This course is an advanced master's course. It is essential to have a strong background in European political economy or financial macroeconomics in order to follow it (e.g. knowing in detail the role of the Delors Committee in the creation of the Eurozone or knowing how to read the accounting balances of financial institutions) and to have a good command of the English language. In particular, it is highly recommended to have taken the course "European Political Economy" (LEUSL 2031) beforehand. Students who do not have a good knowledge in these areas are invited to choose other courses as part of their elective (i.e. leusl2104 Economic and Monetary Union or LEUSL 2031).
Teaching methods
Aims:
After completing this course, students will be able to:
-        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.
-        Be Wikipedia stars!
Evaluation methods
Exams: Open book individual written exam + group exercise (Wikipedia).
The use of AI in this class is restricted to language editing. Any generative use of AI for text writing or bibliography construction is strictly prohibited. In case of suspicion of such generative use, teachers may ask questions to students to ensure that they are the primary author of their documents.
In the event of unjustified absence from the intermediate (podcast) or final assignment (exam), or unjustified absence from the oral presentation, the student will be awarded a final grade of 0A/20 for the course in the first session.
All work is a personal production. Students are expected to adhere strictly to the rules and good practice of citation, referencing and avoidance of (self-)plagiarism.
Students are expected to know and understand these rules and practices. Failure to comply with these rules may result in academic and/or disciplinary sanction for plagiarism and/or irregularity, in accordance with the General Study and Examination Regulations.
The reuse of personal or group work produced as part of another teaching unit requires great caution. Exceptionally, such an approach may be considered, provided that the student requests explicit authorization from the professor or assistant, justifies this “reuse” in the work which, as a whole, must clearly constitute an original contribution to the first work, and scrupulously applies the rules of citation and referencing to any use of this work .Failure to comply with these rules may be considered as self-plagiarism, and as such constitutes an irregularity
Other information
VERY IMPORTANT NOTE: This course is an advanced master's course. It is essential to have a strong background in European political economy or financial macroeconomics in order to follow it (e.g. knowing in detail the role of the Delors Committee in the creation of the Eurozone or knowing how to read the accounting balances of financial institutions) and to have a good command of the English language. In particular, it is highly recommended to have taken the course "European Political Economy" (LEUSL 2031) beforehand. Students who do not have a good knowledge in these areas are invited to choose other courses as part of their elective (i.e. leusl2104 Economic and Monetary Union or LEUSL 2031).
Faculty or entity


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

Title of the programme
Sigle
Credits
Prerequisites
Learning outcomes
Advanced Master in European Business and Economic Policy

Master [120] in Political Sciences: International Relations

Master [120] in European Studies

Master [120] in Public Administration

Master [120] in EU Studies