Gwybodaeth Modiwlau

Module Identifier
EC33010
Module Title
EUROPEAN AND INTERNATIONAL MONETARY SYSTEMS
Academic Year
2008/2009
Co-ordinator
Dr Kobil Ruziev
Semester
Semester 1
Pre-Requisite
(EC10120 and EC10320) or (EC10510 and EC10610)

Course Delivery

Delivery Type Delivery length / details
Lecture 10 Hours
Seminars / Tutorials 4 Hours
 

Assessment

Assessment Type Assessment length / details Proportion
Semester Assessment 1 piece of coursework  20%
Semester Exam 1.5 Hours   80%
Supplementary Assessment 1.5 Hours   Examination and/or resubmission of coursework  100%

Learning Outcomes

On completion of the module students should:

  • Have a detailed understanding of the nature of the International and uropean monetary system, its institutions, its contemporary policies, its relationship to both developing and Eastern European countries as well as its future development.
  • Be able to analyse the problems associated with both the international and European monetary systems and explain the causes of their failure, particularly the failure of the 'Bretton-Woods' system and the UK's leaving the Exchange Rate Mechanism.
  • Be able to apply simple economic and practical models to the problems of countries coordinating their policies, as well as the arguments for and against European economic integration.
  • Appraise the European single currency and its recent performance.

Aims

The module aims to provide students with an advanced understanding of the monetary and political interdependence of countries and trading blocs in their historical and institutional framework. The emphasis will be on the main changes to which the international and European monetary systems have been subject during the last twenty years.

Brief description

This module investigates the international and European monetary system, with respect to their recent development and problems.

Content

  • The Bretton-Woods system
  • Fixed versus flexible exchange rates
  • Eurocurrency markets
  • International macroeconomic coordinators
  • Debt crisis
  • Maastricht criteria
  • European Central Bank

Transferable skills

  • Independent work on assessed coursework requiring basic researching skills
  • Contribution to seminar discussion and debate
  • General economic and financial analysis of contemporary issues

Reading List

Recommended Text
K Pilbeam (1998) International Finance 2nd edition Macmillan Primo search M Melvin (1996) Interntaional Money and Finance 4th edition Harper Collins Primo search P de Graune (1996) International Money: Post War Trends 2nd edition Oxford Primo search P de Graune (1999) The Economics of Monetary Integration 2nd edition Oxford Primo search

Notes

This module is at CQFW Level 6