Economic and monetary union

leusl2104  2020-2021  Louvain-la-Neuve

Economic and monetary union
Due to the COVID-19 crisis, the information below is subject to change, in particular that concerning the teaching mode (presential, distance or in a comodal or hybrid format).
5 credits
30.0 h
Maes Ivo;
Main themes
This course offers an analysis of the build-up and the functioning of the Economic and Monetary Union (EMU) from the interdisciplinary perspective that allows to shed light on both the power struggles between the Eurozone actors and the economic constraints and challenges they are facing.

At the end of this learning unit, the student is able to :

1 -          Identify and understand the main economic concepts underlying the build-up and functioning of the  EMU.
-          Explain the power and institutional dynamics shaping the Eurozone governance.
-          Apply economic and political sciences concepts when analyzing contemporary EMU debates and reforms.
-          Understand and replicate the strategical behavior of Eurozone actors.
Approaches towards EMU: economic (Optimum Currency Area theory) and philosophical.
Early attempts at monetary integration.
The European Monetary System.
The Maastricht process and the structure of EMU.
The 21st century debt crisis.
Students are expected to give presentations. They concern the crisis and the financial assistance programs in the countries of the Euro area: Greece, Ireland, Portugal, Spain and Cyprus.
There will be visits to the museum of the National Bank of Belgium (part of the European System of Central Banks) and a commercial bank (with a lecture there).
Evaluation methods

Due to the COVID-19 crisis, the information in this section is particularly likely to change.

In June: the paper presentation (and class participation) will count for 50% of the grade. The oral exam also for 50%.
As the paper presentation cannot be redone, in August 100% of the grade will be on the oral exam.
Faculty or entity

Programmes / formations proposant cette unité d'enseignement (UE)

Title of the programme
Advanced Master in Tax Law

Master [120] in Interpreting

Master [120] in Translation

Master [120] in European Studies