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EU MONETARY AND FISCAL POLICY TOPICS IN ECONOMIC POLICY – SPRING 2009 - JMU

EU MONETARY AND FISCAL POLICY TOPICS IN ECONOMIC POLICY – SPRING 2009 - JMU. OUTLINE OF THE COURSE AND PRELIMINARY INFORMATION. WHO I AM. Dr. Luigi Marattin Department of Economics – Univ. of Bologna luigi.marattin@unibo.it Cv available. FEW INFORMATION.

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EU MONETARY AND FISCAL POLICY TOPICS IN ECONOMIC POLICY – SPRING 2009 - JMU

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  1. EU MONETARY AND FISCAL POLICYTOPICS IN ECONOMIC POLICY – SPRING 2009 - JMU OUTLINE OF THE COURSE AND PRELIMINARY INFORMATION

  2. WHO I AM • Dr. Luigi Marattin • Department of Economics – Univ. of Bologna • luigi.marattin@unibo.it • Cv available.

  3. FEW INFORMATION • Degree in Economics of International Institutions (Univ. Ferrara, 2001) • MSc in Economics (Univ. of Warwick, 2002) • Ph.D. in Economics (Univ.of Siena, 2007) • Fulbright scholar in 2005 (NYU and Columbia University) • Research Interest: macroeconomics, fiscal policy, public finance, economic growth, financial stability.

  4. CONTACT INFORMATION • Email: luigi.marattin@unibo.it • Office hours: Tuesdays 12-1 pm. • Web site: http://............... • In the meantime, we’ll comunicate via mailing list.

  5. WHAT WE’LL DO HERE • Get a good understanding of: • The EU integration process • How monetary and fiscal policy work in the EU framework • The differences between EU and US • The impact of the current crisis

  6. CLASSES • Tuesdays1-4 pm Aula Verrocchio • Start and breaks…….? - start at 13.15 with 10 min.break - start at 13 with 20 min.break No cellphones during classes please Participation is very important to me.

  7. OFFICE HOURS • Tuesdays 12 – 1 pm • I am always available at my email address • (luigi.marattin@unibo.it) for questions.

  8. ASSESSMENT • 15% : written feedback • 15% : active and meaningful participation • 15% : presentations (more on this in a min) • 25%: final exam (“ “ “ ) • 30% : final paper ( “ “ )

  9. Presentations • Around week 6,7. • Individual presentations on country reports (see reading material in the Syllabus, week 6). • You will have to play the role of an economist working for EU commission, trying to assess the country’s progress towards either EU or EMU membership. • I’ll evaluate communication skills, clearness, competence.

  10. Final paper • 7000 words • Week 7: choose the topic (and hand-in a short abstract of your intentions and aims) • Week 9: hand in your first draft • Week 10: feedback on your first draft • Week 11: final submission • I’ll be evaluating your writing skills, synthesis and completeness in report writing.

  11. Final exam • Four / five open questions (e.g. “Explain each of the four Maastricht convergence criteria and discuss their possible limitations”) • Be precise but complete. • Take extra-care with handwriting……please!

  12. BOOK • Paul de Grauwe, “Economics of Monetary Union” , Oxford University Press. • Lecture slides will be quite detailed (circulation through mailing list and, hopefully, soon downloadable from my web site). • Reading material in the Syllabus

  13. OUR CALENDAR • Week 1 – Week 5 (10 February) • Spring break • Week 6 (24 February)- Week 10 (31 March) • No class on 10 March (Brussels). • Final exam: 7 April • Grades will be approximately available from April 18.

  14. OUR PATH • Basic toolkit and a flavour of EU history (first week) • Monetary Policy in the EU(week 2- 4) • Fiscal Policy in the EU(week 5-9) • The financial integration and the origin of the current crisis (last week)

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