Description
Summary:This book was written to support the lecture material within the Economic and Monetary Union course for students of the Business Administration and Management BSc Programme who have basic financial knowledge – namely they finished the Macroeconomics and Introduction to Finance courses. Therefore no additional glossary is needed, but the reader shall utilize his/her already acquired basic knowledge within the field of the Economic and Monetary Union. The chapters are structured to first analyse the euro as a currency (theoretical constraints and exchange rate regimes), then summarize the monetary policy and the macroprudential supervision. The third chapter presents the regulations concerning fiscal policy and crisis resolution methods. Then the last chapters are focusing on the New Member States and the EU 2020 strategy. The text follows a constant question-answer structure to orient the reader and help the understanding of the different topics. The third-layer titles can be interpreted as “self-checking” questions, helping the students to prepare for the exam. This learning material improves the competencies of an economist studying in the Business Administration and Management BSc programme in the following ways: a) regarding knowledge, the student has a firm grasp on the essential concepts, facts and theories of economics. The student is familiar with the relationships of national and international economies, relevant economic actors, functions and processes; b) regarding competencies, the student can uncover facts and basic connections, can arrange and analyse data systematically, can draw conclusions and make critical observations along with preparatory suggestions using the theories and methods learned. The student can make informed decisions in connection with routine and partially unfamiliar issues both in domestic and international settings; c) regarding attitude, the student is sensitive to the changes occuring to the wider economic and social circumstances of his/her job, workplace or enterprise. The student tries to follow and understand these changes; d) regarding autonomy and responsibility, the student takes responsibility for his/her work and behaviour from all professional, legal and ethical aspects in connection with keeping the accepted norms and rules.
This book was written to support the lecture material within the Economic and Monetary Union course for students of the Business Administration and Management BSc Programme who have basic financial knowledge – namely they finished the Macroeconomics and Introduction to Finance courses. Therefore no additional glossary is needed, but the reader shall utilize his/her already acquired basic knowledge within the field of the Economic and Monetary Union. The chapters are structured to first analyse the euro as a currency (theoretical constraints and exchange rate regimes), then summarize the monetary policy and the macroprudential supervision. The third chapter presents the regulations concerning fiscal policy and crisis resolution methods. Then the last chapters are focusing on the New Member States and the EU 2020 strategy. The text follows a constant question-answer structure to orient the reader and help the understanding of the different topics. The third-layer titles can be interpreted as “self-checking” questions, helping the students to prepare for the exam. This learning material improves the competencies of an economist studying in the Business Administration and Management BSc programme in the following ways: a) regarding knowledge, the student has a firm grasp on the essential concepts, facts and theories of economics. The student is familiar with the relationships of national and international economies, relevant economic actors, functions and processes; b) regarding competencies, the student can uncover facts and basic connections, can arrange and analyse data systematically, can draw conclusions and make critical observations along with preparatory suggestions using the theories and methods learned. The student can make informed decisions in connection with routine and partially unfamiliar issues both in domestic and international settings; c) regarding attitude, the student is sensitive to the changes occuring to the wider economic and social circumstances of his/her job, workplace or enterprise. The student tries to follow and understand these changes; d) regarding autonomy and responsibility, the student takes responsibility for his/her work and behaviour from all professional, legal and ethical aspects in connection with keeping the accepted norms and rules.
Physical Description:40