6 ECTS credits
151 u studietijd
Aanbieding 1 met studiegidsnummer 4018135FNR voor alle studenten in het 1e semester met een gespecialiseerd master niveau.
The aim of this course is to familiarize students with the workings of international economics in the practice of everyday business, policy and politics through the guided study of a current topic in international economics. In particular, we are going to analyse the problem of economic adjustment in firms and households in a multi-national context like the EU. The classes will consist of a mixture of standard lectures on the economic theory, hearings by keynote speakers, and exercise classes for group-work.
The content of the course will focus on the role of addressing the Financial Crisis in Europe. The Financial Crisis has been unusual due to the speed of transmission and the strength of the feedback linkages with which it has spread across financial markets and borders. Once private debt problems started to shift to Eurozone sovereign debt in 2009, the crisis then hit the weakest point in the Eurozone, Greece, and so further to other EMU countries. These events exposed unresolved governance problems in the Eurozone. The political response to this fiscal Crisis had been hesitant as it was held up by doubts on the consequences of a sovereign default in Greece, Ireland or Portugal or beyond.
The Financial Crisis had urged a rethinking of the way monetary and fiscal policies should be set, and in Europe a particular mix had been adopted by the European Central Bank and national governments. The course will first discuss the view on monetary policy in economic stabilization, and the problems this may have created leading to the build-up of the Financial Crisis. The Crisis itself, and the policies adopted, have had tremendous consequences on the banking system and credit to firms. This has led to further adaptations in the policy response in different countries. The focus is now on structural reform, fiscal constraint and an internal devaluation that should lead countries out of economic crisis through increased exports. The European approach to those problems is of course largely set by the institutional settings of the EU and the Eurozone. This has led to serious conflict on the attribution of powers across the EU.
The reader of this course will be published on Canvas. A full schedule is provided on this website too. This course builds on material used in an undergraduate macroeconomics course, financial economics and the Master course in International trade.
Teaching Methods
This description of the teaching methods is indicative, in order to assess the expected study load.
Lecture: 20 hours (10 x 2 hours)
Practical: 8 hours
Self: 123 hours
General Competences
By the end of this course, students should develop the skills to
Specific Competences
Students are expected to
De beoordeling bestaat uit volgende opdrachtcategorieën:
Examen Schriftelijk bepaalt 75% van het eindcijfer
Examen Andere bepaalt 25% van het eindcijfer
Binnen de categorie Examen Schriftelijk dient men volgende opdrachten af te werken:
Binnen de categorie Examen Andere dient men volgende opdrachten af te werken:
The final grade is based on a group-work during the course that determines 25% of the final mark, and a take-home exam that determines 75% of the final mark. The final exam will be assessed on its originality, contribution to the area, and the depth of study of the chosen topic. The exam may be followed by a brief oral presentation.
A retake exam will only cover 75% of the final mark, and the score on the group-work will be transferred. The retake exam takes place in the regular second term at the end of the academic year.
Participation in the group-work is obligatory as it is an essential part of the learning objectives of this course.
Deadlines for group work and exams are communicated at the start of the course, and in the course syllabus.
Deze aanbieding maakt deel uit van de volgende studieplannen:
Master of International Business: Standaard traject (enkel aangeboden in het Engels)