Module Identifier EC33010  
Academic Year 2007/2008  
Co-ordinator Dr Kobil Ruziev  
Semester Semester 1  
Pre-Requisite (EC10120 and EC10320) or (EC10510 and EC10610)  
Course delivery Lecture   10 Hours.  
  Seminars / Tutorials   4 Hours.  
Assessment TypeAssessment Length/DetailsProportion
Semester Exam1.5 Hours  80%
Semester Assessment 1 piece of coursework20%
Supplementary Assessment1.5 Hours Examination and/or resubmission of coursework100%

Learning outcomes

On completion of the module students should:


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.


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

Transferable skills

Reading Lists

** Recommended Text
Grauwe, Paul de. (2007.) Economics of monetary union /Paul De Grauwe. 7th ed.. Oxford University Press 0199297800
Pilbeam, Keith (2006.) International finance /Keith Pilbeam. 3rd ed.. Palgrave Macmillan 9781403948373
** Supplementary Text
Grauwe, Paul de. (1996.) International money :postwar trends and theories /Paul de Grauwe. 2nd ed.. Oxford University Press 019877513X
Gros, Daniel (1998.) European monetary integration /Daniel Gros and Niels Thygesen. 2nd ed.. Longman 0582320143
Pelkmans, J (2006) European Integration Prentice Hall
Van Marrewijk, Charles (Jan. 2007) International Economics:Theory, Application, and Policy Oxford University Press 9780199280988


This module is at CQFW Level 6