GEEROMS Hans - Macro-Economic Environment for European Business (30h)

The main objective of the course is to achieve a very good understanding of the theoretical principles, but, more important, of the practical application and consequences of monetary, fiscal and structural economic policy in the EMU and their impact on the business environment.

In particular, the course deals with the theory of optimal currency areas, the EMU compliance with it, the particular macro-economic policy of the EMU and the EU and the long term growth problems of the EU.

After analysing shortly the theoretical concepts on which the EMU is based, we discuss in further detail the weaknesses of the institutional set up of the EMU and the impact of shocks, including the Eurocrisis, the Covid-19 and Russian war in the Ukraine and the energy crisis as well as the recently adopted measures and the way forward.

The course is very much linked to recent events: impact Russian aggression in the UA, President Trump’s economic and trade policy, the rise of China to a superpower, climate change and the review of the monetary policy strategy and the Economic Governance Reform, the rise of crypto and stable currencies and the difference between German and French economic thinking and the outlook for the EMU.

For more information, consult the ECTS Card.