Course description

I. Economic Fundamentals of European Integration (55 hrs./ Nov.-Ian.) See course syllabus

  • European Union: definition, history, purpose and principles
  • The European integration process: historical development, theories, basic concepts and the enlargement process
  • The European Union institutional framework
  • Economic policies in the European Union
  • Current developments in the European Union

Professors: C-tin Marius APOSTOAIE, Irina BILAN 

II. Public Finance and Fiscal Policy in the European Union (35 hrs./ Febr.-Apr.) See course syllabus

  • The fiscal systems and tax policies of the EU Member States
  • The public expenditure systems and expenditure policies of the EU Member States
  • Budget deficits and public debt policies in the EU Member States
  • The EU budget and the supranational fiscal policy of the EU
  • Sustainable fiscal policies and fiscal governance in the EU
  • Challenging issues for public finance and fiscal policy in the EU

Professors: Irina BILAN, Ana-Maria BERCU 

III. Monetary policy in the European Union (35 hrs./ Apr.-May) See course syllabus

  • The content of monetary policy and its effects on the real economy
  • The institutional framework of the single monetary policy (euro area monetary policy)
  • The strategy and operational framework of the ECB’s monetary policy
  • The unconventional monetary policy instruments of the ECB in the context of the latest global crisis
  • The operational framework of the monetary policies of the EU Member States which have not adopted the euro
  • The coordination of monetary policy with fiscal policy in the EU Member States
  • Challenging issues for monetary policy in the EU

Professors: Angela ROMAN, Mihaela TOFAN