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Main menu for Browse IS/STAG
Course info
KFP / AMSE
:
Course description
Department/Unit / Abbreviation
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KFP
/
AMSE
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Academic Year
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2023/2024
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Academic Year
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2023/2024
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Title
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Monetary Sovereignty and Euro
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Form of course completion
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Exam
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Form of course completion
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Exam
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Accredited / Credits
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Yes,
4
Cred.
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Type of completion
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Combined
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Type of completion
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Combined
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Time requirements
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Lecture
1
[Hours/Week]
Tutorial
1
[Hours/Week]
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Course credit prior to examination
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No
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Course credit prior to examination
|
No
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Automatic acceptance of credit before examination
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Yes in the case of a previous evaluation 4 nebo nic.
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Included in study average
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YES
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Language of instruction
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English
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Occ/max
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|
|
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Automatic acceptance of credit before examination
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Yes in the case of a previous evaluation 4 nebo nic.
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Summer semester
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0 / -
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15 / -
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2 / -
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Included in study average
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YES
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Winter semester
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0 / -
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0 / 45
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0 / 5
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Repeated registration
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NO
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Repeated registration
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NO
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Timetable
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Yes
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Semester taught
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Summer semester
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Semester taught
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Summer semester
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Minimum (B + C) students
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1
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Optional course |
Yes
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Optional course
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Yes
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Language of instruction
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English
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Internship duration
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0
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No. of hours of on-premise lessons |
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Evaluation scale |
1|2|3|4 |
Periodicity |
každý rok
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Periodicita upřesnění |
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Fundamental theoretical course |
No
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Fundamental course |
Yes
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Fundamental theoretical course |
No
|
Evaluation scale |
1|2|3|4 |
Substituted course
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KSP/AMSE
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Preclusive courses
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KFP/EMU
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Prerequisite courses
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N/A
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Informally recommended courses
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N/A
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Courses depending on this Course
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N/A
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Histogram of students' grades over the years:
Graphic PNG
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XLS
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Course objectives:
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To give the students the ability to compare the effect of the common currency on economy of a particular country in the euro area. To use experiences of students of these Member States present in the class. To provide the students a more complex view through historical, economic, and legal consequences of EU common monetary policy. Give the students knowledge necessary to evaluate economic and legal consequences of losing monetary sovereignty and joining common EU monetary policy. To improve their communication skills in English.
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Requirements on student
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Active participation in seminars Presentation in English (CJEU case dealing with monetary integration) Test from acquired knowledge (10 questions, combination of MCQ and open questions) Oral exam (based on the test)
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Content
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1. Monetary sovereignty as a part of the state sovereignty.
2. Monetary integration as a step towards full integration, optimum currency area. Earlier attempts to reach monetary integration (19th century - World War II)
3. The development of monetary integration after the World War II. (Bretton Woods agreement)
4. The fall of Bretton-Woods system, the beginning of European monetary integration (EAU). The Barre plan, gradual growth of monetary exchange mechanisms of European countries in 1960s
5. The attempt to create European monetary union in 1970 (Werner report), reasons, why the system failed.
6. European monetary system in 1980s, ECU and its functions.
7. Steps leading to the euro in 1990s, covergence criteria
8. Euro as a common currency. Legal foundations of EMU.
9. European Central Bank as an important institution of EU. European System of Central Banks
10. Consequences of introduction of common currency for legal system of EU member countries and EU common policies, for EU stock exchanges, for countries not participating in EMU (both inside and outside of EU)
11. Perspectives of EMU with respect to EU enlargement
12. The Czech Republic and EMU
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Activities
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Fields of study
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Studentům je k dispozici kurz v Google Classroom se všemi podstatnými informacemi a materiály.
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Guarantors and lecturers
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Literature
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Basic:
Bárková, Dana. Euro - jednotná měna pro nejednotnou Evropu. Vyd. 1. Ostrava : Key Publishing, 2014. ISBN 978-80-7418-217-4.
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Basic:
European Central Bank, History, Role and Functions
(Scheller, Hanspeter K.)
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Basic:
Molle, Willem. The economics of European integration : theory, practice, policy. third edition. Ashgate : Aldershot, 1997. ISBN 1 84014 035 6.
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Recommended:
Garner, Bryan, A. Black´s Law Dictionary, Ninth Edition. West Publishing Co., St. Paul, Minn., 2009. ISBN 13: 978-091419950.
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Recommended:
Le Docte, E. Čtyřjazyčný právnický slovník. Vyd 1. PrahaCodex, 1997. ISBN 80-85963-09-4.
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Recommended:
Tichý, Luboš. Čtyřjazyčný slovník práva Evropské unie = EU law glossary: english-czech-french-german : anglicko-česko-francouzsko-německý. Praha : Linde, 1999. ISBN 80-7201-151-0.
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Recommended:
Netušilová, Pavla; Křivka, Tomáš. Reforming the economic and monetary union. Vydání: první. 2015. ISBN 978-80-261-0597-8.
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Recommended:
Smits R. The European Central Bank, Institutional Aspects. Kluwer Law International, 1997.
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Recommended:
Craig, Paul P.,; De Búrca, G. The evolution of EU law. 2nd ed. Oxford : Oxford University Press, 2011. ISBN 978-0-19-959296-8.
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Recommended:
The monetary policy of the ECB
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Recommended:
Bagus, Philipp. The Tragedy of the Euro.
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Recommended:
Bagus, Philipp. Tragédie eura. Bratislava Jaga group, 2011. ISBN 978-80-8076-093-9.
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On-line library catalogues
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Time requirements
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All forms of study
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Activities
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Time requirements for activity [h]
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Contact hours
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26
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Preparation for an examination (30-60)
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50
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Presentation preparation (report in a foreign language) (10-15)
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28
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Total
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104
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Prerequisites
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Knowledge - students are expected to possess the following knowledge before the course commences to finish it successfully: |
know fundamentals of economics |
be familiar with basics of European economic integration |
Skills - students are expected to possess the following skills before the course commences to finish it successfully: |
working knowledge of English (B1) |
Competences - students are expected to possess the following competences before the course commences to finish it successfully: |
N/A |
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Learning outcomes
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Knowledge - knowledge resulting from the course: |
describe the main stages of monetary policy harmonisation and unification both in EU and worldwide |
explain conditions for success of functioning of a monetary union (theory of optimum currency areas) |
Skills - skills resulting from the course: |
evaluate pros and cons of common currency introduction in the Czech Republic |
know English terminology in the subject area |
prepare a presentation in English |
Competences - competences resulting from the course: |
N/A |
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Assessment methods
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Knowledge - knowledge achieved by taking this course are verified by the following means: |
Test |
Individual presentation at a seminar |
Project |
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Teaching methods
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Knowledge - the following training methods are used to achieve the required knowledge: |
Lecture supplemented with a discussion |
Seminar |
Students' portfolio |
Discussion |
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