| Course Unit Code | Course Unit Title | Number of ECTS Credits Allocated |
|---|
| 120-0516/01 | EU Monetary Policy | 5 ECTS credits |
| Type of Course Unit | Choice-compulsory |
|---|
| Level of Course Unit | Second Cycle |
|---|
| Year of Study | First Year |
|---|
| Semester when the Course Unit is delivered | Summer Semester |
|---|
| Mode of Delivery | Face-to-face |
|---|
| Language of Instruction | English |
|---|
| Prerequisites and Co-Requisites | Course succeeds to compulsory courses of previous semester |
|---|
| Name of Lecturer(s) | Personal ID | Name |
|---|
| KUC20 | doc. Ing. Zuzana Kučerová, Ph.D. |
| DVO37 | Ing. Kateřina Dvoroková, Ph.D. |
| Learning Outcomes of the Course Unit |
|---|
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 |
| Recommended Optional Programme Components |
|---|
| Common optional components are not offered, students of special interest can participate in departmental activities or can arrange consulting hours with lecturer. |
| Course Contents |
|---|
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 |
| Recommended or Required Reading |
|---|
| Required Reading: |
|---|
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. |
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 Reading: |
|---|
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. |
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. |
| Planned learning activities and teaching methods |
|---|
| Lectures, Seminars, Individual consultations |
| Assesment methods and criteria |
|---|
| Tasks are not Defined |
| Work placement(s) |
|---|
| Course does not contain work placement. |
