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GEEROMS H. - Macroeconomic Environment for European Business (20h)


The main objective of the course is to achieve a better understanding of the theoretical principles, but, more important, of the practical application and consequences of fiscal (budgetary), monetary and structural economic policy in the EMU and their impact on the business environment. In particular, the course deals with the theory of macro-economic policy, the theory of optimal currency areas and EMU compliance with it. After analysing the history of the thinking and the politics behind the idea of the EMU, we discuss in further detail the weaknesses of the institutional set up of the EMU, the Eurocrisis, the recently adopted measures and the way forward. The course is very much linked to recent events: the Eurocrisis, its origins, consequences, remedies, new rules and institutions, the difference between German and French thinking, financial regulation, the Brexit question and its outlooks.

Professor: Hans GEEROMS