Economic Crises in the EU: Challenges and Solutions
Netherlands, Maastricht
| Study location | Netherlands, Maastricht |
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| Type | Summer Courses, full-time |
| Nominal duration | 2 weeks (2 ECTS) |
| Study language | English |
| Course code | MSS2010 |
| Tuition fee | €1,099 one-time |
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| Entry qualification | Enrolled as an Undergraduate student or Undergraduate diploma An intermediate level of economics is recommended. The entry qualification documents are accepted in the following languages: English. Often you can get a suitable transcript from your school. If this is not the case, you will need official translations along with verified copies of the original. |
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| Language requirements | English The language of the course is English, so we expect a fluent level and the ability to follow and participate in class. |
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| More information |
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Overview
Description
The EMU is a fascinating and unprecedented experiment in history in which several countries voluntarily decided to give up some of their sovereign independence in exchange for a common European Union. In this course, we will focus on three main topics. First, we will study the necessary ingredients to create a successful monetary union. That is, we will study the theoretical framework called ”optimal currency areas”. We will also discuss if the European Union possesses such characteristics. Second, we will study the main economic crises in recent years. We will talk about the European Financial crises as well as the European sovereign debt crises and how these catastrophic periods can be partly explained by the theory of optimal currency areas discussed in the first topic of this course. Third, we will study which policies are necessary to correct and improve the EMU and which policies can prevent future economic and financial crises in the European Union.
Goals
• Understand the function of the financial system
• Understand the reasons for economic and financial crises
• Understand the challenges and solutions for the EMU
Recommended Literature
Textbook and academic articles
Teaching Methods
Lectures, papers, PBL, presentations, assignments
Assessment Methods
Attendance, participation, Final paper, Presentations
Course Coordinator
Diogo Sampaio Lima