In case of conflicting information consider the Sisu/Courses/Moodle pages the primary source of information.

The object of this course is to analyze the causes and consequences of the accelerating development of the European economy mainly from the monetary and financial perspectives. Special emphasis goes on the various shocks that have created and disrupted it through time. The course will mainly focus on the macroeconomics aspects of the economics of the European Union. Moreover, there will be an emphasis on international trade, international trade agreements, the exchange rate regimes, and the international monetary systems as they are considered integral parts of today’s economic world. In order to know how the economy of the EU works, we need to know the international economic environment not only of today but also from yesterday, as we can learn much about past experiences. Starting from the nineteenth century, the course will move on until today’s sovereign debt crisis. Topics of study include the credibility theory of the EMS, the EU’s 1992 initiative, the Maastricht Convergence Criteria and the Stability and Growth Pact, the European System of Central Banks and the Theory of Optimum Currency areas among others. The importance of monetary integration and the creation of the European Central Bank will also be studied.

Language of learning: Finnish

  • Completion method: contact teaching
  • Language: English
  • Schedule: can be found in Course Page and Sisu
  • Study materials: can be found in Moodle
    • A link and a Moodle course key will be sent by email before the course starts and/or they will be provided on the Courses page: you can view the information on this site without logging in or registering, but some of the content added by teachers to course pages may be available to course participants only, for example Moodle course enrolment key.
    • Log in with your UH username to be able to use all the features of the course workspace

Please register for the course in the UH Sisu with your UH username. Further instructions (link to be added here later).

    • Code: no equivalent code
    • Target groups: BSc
    • Credit points: 5
    • Credit transfer: apply for inclusion in Sisu

    Further information (link to be added here later)

    • Code: no equivalent code
    • Target groups: BSc
    • Credit points: 5
    • Credit transfer: apply for inclusion in Sisu

    Further instructions (link to be added here later)

    • Code: ECOK-260
    • Target groups: BSc
    • Credit points: 5

The aim of the course is to introduce the student to the economics of the EU. On successful completion of the course, students should be able to:

  • know how the economy of the EU works
  • analyze the causes and consequences of the accelerating development of the European economy
  • understand the importance of various shocks on the development of the European economy