COURSE UNIT TITLE

: MONETARY AND FISCAL POLICY IN THE EU

DEGREE PROGRAMMES

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
AVB 6047 MONETARY AND FISCAL POLICY IN THE EU COMPULSORY 3 0 0 6

Offered By

European Studies

Level of Course Unit

Third Cycle Programmes (Doctorate Degree)

Course Coordinator

PROFESSOR ASUMAN ALTAY

Offered to

European Studies

Course Objective

The main objective of this course is to provide theoretical and practical knowledge regarding monetary and fiscal policies implemented by member states in the European integration process.

Learning Outcomes of the Course Unit

1   To understand the scope of European economical integration and its functioning,
2   To understand the theoretical substructure of monetary and fiscal policies which are the two basic starting point for economical integration and common market,
3   To have extensive knowledge about the institutions and organizations which directs the monetary and fiscal policy implementations,
4   Be able to evaluate the relationship between the common currency Euro, its function and with respect to other monetary systems,
5   To have extensive knowledge about Eurozone monetary policy implementations and its interaction with fiscal policies,
6   To have extensive knowledge about European budget, tax applications, tax expenditures and loan in scope of fiscal policies and to have ability of detecting problems and improvement of solving capacity,
7   To be able to evaluate the economic and fiscal relations in scope of monetary and fiscal policies between European countries and other countries.
8   To be able to analyze the EU under the impact of global economic development progress and global crisis,
9   To be aware of positive and negative determinants of monetary and fiscal policies and to provide the improvement of forecasting capacity.

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 Introduction
2 Development process of Economic and Monetary Union in EU
3 Optimal Monetary Area: Applicability and Future
4 Interaction of Euro and foreign currency and relations of monetary policies
5 EU Monetary and Fiscal policies after Lisbon Summit
6 Applications of Public Finance in EU
7 EU Budgeting Process and its future
8 Harmonisation of Direct and Indirect taxes in EU and expectations
9 Functioning of the Common Market and its effects on welfate outputs, monetary and fiscal policies
10 Harmonisation problem of common market, monetary union and fiscal policies
11 EU s monetary cooperation programs and monetary and fiscal policies
12 Global economic crisis and the future of EU monetary and fiscal integration and Turkey s position I
13 Global economic crisis and the future of EU monetary and fiscal integration and Turkey s position II
14 General Evaluation

Recomended or Required Reading

Main materials:
Fiscal Policy in the European Union, Edited by Jesús Ferreiro, Giuseppe Fontana and Felipe Serrano, Palgrave Macmillan, 2008.
Economic Policy in a Monetary Union, Michael Carlberg, Springer, 2000.
Avrupa Birliği ve Türkiye, Rıdvan Karluk, Beta Yayınları, Istanbul 2007.
Uluslararası Ekonomik Bütünleşme: Kuram, Politika ve Uygulana AB ve Dünya Örnekleri, Canan Balkır, Bilgi Üniversitesi Yayınları, Istanbul, 2010.
Subsidiarity materials:
Mircan Yıldız Tokatlıoğlu, Avrupa Birliğinde Maliye Politikası ve Türkiye Açısından Bir Değerlendirme, Alfa Aktüel Yayınevi, 2004.
Nurettin Bilici, Avrupa Birliği Türkiye Ilişkileri- Seçkin Yayıncılık, 2005.
References:
europa.eu
ec.europa.eu/index_en.htm
www.ecb.int/
EMU: A Historical Documentation (European Commission)
The euro (European Commission Economic and Financial Affairs)
Central Bank Rates: ECB Key Rate, chart and data
Economic and Monetary Union of the European Union

Planned Learning Activities and Teaching Methods

Lecture, discussions, group study and student presentations.

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA
1 MTE MIDTERM EXAM
2 STT TERM WORK (SEMESTER)
3 FIN FINAL EXAM
4 FCG FINAL COURSE GRADE MTE * 0.30 + STT * 0.30 + FIN* 0.40
5 RST RESIT
6 FCGR FINAL COURSE GRADE (RESIT) MTE * 0.30 + STT * 0.30 + RST* 0.40


*** Resit Exam is Not Administered in Institutions Where Resit is not Applicable.

Further Notes About Assessment Methods

To be announced.

Assessment Criteria

To be announced.

Language of Instruction

Turkish

Course Policies and Rules

Plagiarism of any type will result in disciplinary action.
Attending at least 70 percent of lectures is mandatory.
All assignments should be submitted on time. Otherwise will not be accepted.

Contact Details for the Lecturer(s)

asuman.altay@deu.edu.tr

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Lectures 14 3 42
Preparation for final exam 1 10 10
Preparing assignments 1 10 10
Preparing presentations 1 5 5
Preparations before/after weekly lectures 14 5 70
Preparation for midterm exam 1 10 10
Final 1 3 3
Midterm 1 3 3
TOTAL WORKLOAD (hours) 153

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9PO.10
LO.155
LO.255
LO.355
LO.455
LO.5555
LO.65555
LO.7555
LO.855
LO.955

CONTACT INFORMATION
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Phone: +90(232) 412 12 12 - Fax: +90 (232) 464 81 35

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