Euro-idea, mechanisms, evaluation

General data

Course ID:	WS-EK-Eu
Erasmus code / ISCED:	(unknown) / (unknown)
Course title:	Euro-idea, mechanisms, evaluation
Name in Polish:	Euro - idea, mechanizmy, ocena
Organizational unit:	Institute Sociology
Course groups:
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
Subject level:	intermediate
Learning outcome code/codes:	enter learning outcome code/codes
Short description:	The aim of the lecture is a presentation of the origin, rationale and rules of te euro area and economic mechanisms and proceses that govern its functioning. In particular, reasons for tentions and crisis within the monetary union are explained and discussed. Also policies targeted to stabilize and revive the economies of the euro area are presented and evaluated.
Full description:	The lectures present: - the evolution of post-war international monetary system and against this background initiatives of monetary integration in EEC/EU - currency regimes, capital liberalisation and economic integration (Sigle Market) as conditions for a single currency, - expectations related to the single currency, - risks arisisng from giving up national currencies, in particular presented on the examples of chsen financial cises, - theoretical background of monetary integration (theory of optimum currency area), - rules governing the functioning of EMU, - economic processes and mechanisms leading to the present crisis in EMU, - economic policies (bail-out programmes, policy of ECB) aimed at soothing the crisis and their evaluation, - comparison of case studies and conclusions with regard to the effects of EMU membership, - perspectives of a break-up/disintegration/exits.
Bibliography:	A. Koronowski, Koszty i korzyści z tytułu uczestnictwa w strefie euro, outline of lectures A. Koronowski, Kwadratura euro, Wyd. A. Marszałek, 2013 S. Kawalec, E. Pytlarczyk, Paradoks euro, Wyd. Poltext, 2016 P. Bagus, Tragedia euro, Instytut L. von Misesa, 2011 B. Bandulet, Ostatnie lata euro, Wektory, 2011 P. Albiński (red.), Kryzys a polityka stabilizacyjna w UE, Oficyna Wydawnicza SGH, 2014 A. Koronowski, Kryzys finansów publicznych czy kryzys płatniczy krajów PIIGS?, Gospodarka Narodowa nr 5-6/2011 A. Koronowski, Dual Currency System as a Solution to the Eurozone Crisis, Gospodarka Narodowa nr 2/2014 A. Koronowski, Salda Target2 w Eurosystemie: ich źródła, skutki i perspektywy rozwiązania problemu, Zeszyty Naukowe Uczelni Vistula nr 36/2014
Efekty kształcenia i opis ECTS:	After the lectures students should know the origins of and rationale for EMU, theoretical and empirical arguments for/against the single currency, the rules governing the functioning of the euro zone, the evolution of economic situation and policies in EMU, understand economic mechanism that have operated in the euro zone, be able to express knowldgeable opinions within the scope of the lectures.
Assessment methods and assessment criteria:	a written, multiple-choise test after the whole series of the lectures
Practical placement:	nie dotyczy

This course is not currently offered.

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Copyright by Cardinal Stefan Wyszynski University in Warsaw.