2018/2019

2018/2019

DM270

SECS-P/01 (ECONOMIA POLITICA)

DIPARTIMENTO DI SCIENZE ECONOMICHE E AZIENDALI

ECONOMICS, FINANCE AND INTERNATIONAL INTEGRATION - ECONOMIA, FINANZA E INTEGRAZIONE INTERNAZIONALE

International Economic Integration and Development

1°

Secondo Semestre (18/02/2019 - 18/05/2019)

6

44 ore di attività frontale

English

SCRITTO

PARAMITHIOTTI GIOVANNI (titolare) - 6 CFU

basic macroeconomics

The course focus is on the costs and benefits of a monetary union (MU). Emphasis is put on the analysis of why the incompleteness of the Eurozone creates additional costs and leads to problems of sustainability. This will lead to study the different policies needed to complete EMU.
EMU history, its institutions (i.e. the European Central Bank - ECB) and its actual working mechanisms are also analysed.

The cost of a common currency. The theory of optimum currency areas: a critique. The benefits of a common currency. Costs and benefits compared. The fragility of incomplete MU. How to complete a MU. Transition to a MU. The ECB. Monetary policy in the Eurozone. Fiscal policies in MUs. The Euro and financial markets.

Classroom lessons by the teacher and seminars by external experts.

P. De Grauwe, ""Economics of Monetary Union" 11th Edition, Oxford University Press.

Written mid-term and final exam: the mid-term in November, the final in January. During all other exam sessions it will be possible to take a written exam on the entire program. Eventually, it will be possible to take an oral completing exam.

no