European Macroeconomics

Lectures: To introduce theoretical models and European macroeconomic frameworks.
Case Studies: Examination of real-world scenarios such as the Eurozone crisis.
Group Discussions: Debates on topics like Green Deal policies and trade protectionism.
Simulations: Application of IS/LM models or fiscal policy scenarios in interactive settings.

1. Understand key macroeconomic indicators and the structure of the European economy.
2. Analyze and apply theoretical models (neo-classical, Keynesian, IS/LM) to European contexts.
3. Evaluate inflation measurement, its impact, and the role of ECB’s price stability policies.
4. Examine unemployment trends, causes, and labor market reforms in Europe.
5. Assess the effectiveness of European fiscal and monetary policies.
6. Explore the costs, benefits, and challenges of European integration and the euro.
7. Investigate current and future challenges, including the euro crisis aftermath and Green Deal strategies

I. Introduction to European Macroeconomics
– Macroeconomic indicators
– European System of National Accounts
– Overview of the European economy
II. Theoretical Foundations and Applications
– The (neo)classical model
– The Keynesian model: Fiscal stimulus
– The IS/LM model: Monetary and fiscal policy
III. Inflation
– Measurement and types
– ECB’s price stability
– Monetary policy strategies
IV. Unemployment in Europe
– Types and causes
– Employment policies and labor market reforms
V. Monetary Policy
– Institutional framework of the ECB
– Policy instruments and transmission mechanisms
VI. Fiscal Policy
– Fiscal coordination challenges
– Stability and Growth Pact
VII. European Economic Integration
– Optimum currency areas
– Costs and benefits of the euro
VIII. International Trade and the Euro
– Balance of payments
– Free trade and protectionism
IX. Current Challenges and Future Prospects
– The euro crisis aftermath
– Green Deal and NextGen EU

NAO