This course is a solution-oriented introduction to monetary and fiscal policy with reference to the EU and the Euro area.

1st part: Philosophy of money, hierarchy of money & credit

2nd part: Liquidity, fiscal policy, financial crises, monetary policy

3rd part: Presentations & examination

- Basic understanding of fiscal and monetary policy

- Contextualization of current debates about price stability, fiscal constraints, financial market turmoil and monetary policy

- reading and understanding of various articels with focus on political economy, monetary theory & macro-finance

- critical discussion of fiscal policy and monetary policy proposals and measures

In the first part of the course, the instructor provides an overview of actors, goals and concepts of fiscal and monetary policy and also lays a basic understanding of economic challenges in the 21st century. In the second part, current economic policy issues are discussed interactively. The learning design is intended to encourage students to actively engage in economic and monetary policy debate and to sharpen their own argumentation. This will be achieved through a variety of teaching methods (input by course instructor, reflection papers, oral participation, group work and discussion).

A total of four sub-performances are evaluated, all of which must be successfully completed in order to receive an overall (positive) grade.

1. active participation (10%)

2. presentation (40%)

3. meme (10%)

4. final exam (40%).

Grading scale:
100%- 90% = Excellent
 89% - 80% = Good
 79% - 70% = Satisfactory
 69% - 60% = Sufficient
         <59% = Inadequate

If you have a valid course registration but cannot attend this course, please deregister via LPIS during the registration period so that your course place will be available to other students. Places are allocated during the registration period on a first-come, first-served basis. After the end of the registration period, available course places are allocated to students on the waiting list who do not yet have a valid registration for the scheduled point, ranked according to the progress of their studies. This procedure is not to be understood as a guarantee of a place in the course.

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