Courses NonDegree Display 2017-2018

Course Description To PDF
Course title Macroeconomic Policy in Europe
Course code EBC4191
ECTS credits 6,5
Assessement None
Period Start End Mon Tue Wed Thu Fri
2 30-10-2017 22-12-2017 X X
Level Advanced
Coordinator Tom van Veen
For more information:
Language of instruction English
1. Students will have a clear understanding of the (im)possibilities of macroeconomic policy in a one currency area.
2. Students will have a clear understanding of the theoretical foundation of ECB’s monetary policy in the EMU.
3. Students will gain knowledge about the governance of macroeconomic policy in the EMU.
4. Students will have a clear understanding of fiscal federalism and why or why not we may need this in the EMU.
5. Students will face the challenges of policy making in an EMU in which economic developments are not balanced.
This course discusses extensively macroeconomic policy in Europe, in particular in the European Monetary Union (EMU). Being part of a one currency area implies restrictions on monetary and fiscal policy for an individual country. Therefore we need to know what the policy targets are at the level of the EMU, what instruments it uses and how effective it has been. The same holds for fiscal policy although the initial perception was that there are more degrees of freedom in fiscal policy for the participants. However, the Greek crisis has changed views on this. In particular the relation between deficits and debts has led to fierce debates between economists and policy makers.
In this course we will visit the European Parliament and we will relate the discussions to actual developments in the EMU.
Exchange students should have a BSc in economics
Teaching methods PBL / Presentation / Lecture / Assignment / Papers / Groupwork
Assessment methods Attendance / Participation / Written Exam
Evaluation in previous academic year For the complete evaluation of this course please click "here"
This course belongs to the following programmes / specialisations
Master Economics Electives
Master Economics European Economic Policy
SBE Exchange Master Master Exchange Courses
SBE Non Degree Courses Master Courses