Monetary Integration

General data

Course ID:	2400-EM3IW
Erasmus code / ISCED:	14.3 The subject classification code consists of three to five digits, where the first three represent the classification of the discipline according to the Discipline code list applicable to the Socrates/Erasmus program, the fourth (usually 0) - possible further specification of discipline information, the fifth - the degree of subject determined based on the year of study for which the subject is intended. / (0311) Economics The ISCED (International Standard Classification of Education) code has been designed by UNESCO.
Course title:	Monetary Integration
Name in Polish:	Integracja walutowa
Organizational unit:	Faculty of Economic Sciences
Course groups:	(in Polish) Przedmioty obowiązkowe dla III r. studiów licencjackich - Ekonomia Międzynarodowa
ECTS credit allocation (and other scores):	(not available) Basic information on ECTS credits allocation principles: the annual hourly workload of the student’s work required to achieve the expected learning outcomes for a given stage is 1500-1800h, corresponding to 60 ECTS; the student’s weekly hourly workload is 45 h; 1 ECTS point corresponds to 25-30 hours of student work needed to achieve the assumed learning outcomes; weekly student workload necessary to achieve the assumed learning outcomes allows to obtain 1.5 ECTS; work required to pass the course, which has been assigned 3 ECTS, constitutes 10% of the semester student load. view allocation of credits
Language:	Polish
Type of course:	obligatory courses
Prerequisites (description):	Official requirements Macro I and II Introductory guidelines Macro I and II
Short description:	The major goal of this course is to introduce both theoretical framework of monetary integration and to critically review the practical experience thereof. The latter is mostly focused on the European case, although other examples are also presented.
Full description:	The course is to give students a comprehensive macroeconomic perspective of monetary integration. It begins with a presentation of an even more general framework, i.e. that of international monetary system complemented with a review of simple analytical tools used in international macro and finance (Mundell-Fleming model and its extensions). The second part of the course focuses on the concept of the optimum currency area and the evolution thereof. The third part of the course goes into practical experience of monetary integration with the major focus on the most advanced example, i.e. the European monetary integration. The latter is analyzed both as a part of the general European economic integration and as a real illustration of the optimum currency area. The final part of the course is the short review of non-European cases of monetary integration.
Bibliography:	De Grauwe Economics of Monetary Union, 10th (or later) ed.; Baldwin and Wyplosz, Economics of European Integration, 5th ed.
Learning outcomes:	Students know major theories of economic integration with a particular emphasis on monetary dimension thereof. Students know major analytical tools for assessing the impact of monetary integration on participating economies. Students know how to apply these models into empirical studies. Students are expected to be able to use this knowledge for independent and informed assessment of the current processes of monetary integration and its potential effects on the Polish economy
Assessment methods and assessment criteria:	Wiritten exam, open questions

This course is not currently offered.

Course descriptions are protected by copyright.
Copyright by University of Warsaw.