JEM211 - Philosophy, Economics and Politics: Current Debates

Credit: 6
Status: Bachelors - All
BEF - elective
English
Semester - summer
Course supervisors: Mgr. Michal Paulus
Course homepage: JEM211
Literature:
Description: The recent European debt crisis revealed number of weak points in the design of the monetary union among the EU member states. As it turns out, the euro area member states have limited ability to deal with large asymmetric shocks even when the very existence of the common currency is under question. Throughout the course, students participate in role-playing game in which they negotiate possible resolution of the banking crisis in Italy. However, possible inability to provide a win-win solution for both, Italy and other EU member states can foster political crisis in the EU as whole. The game setting is hypothetical: It is assumed that the current crisis worsens and becomes acute due to a collapse of one of the most largest banks in Italy, let’s call it “Banca Popolare di Lombarda e Etrusca”, but in other aspects the game mimics the current situation. Game participation will help students to understand the obstacles in decision-making process and the efficiency of the new governance framework adopted in response to the European debt crisis.
The course is divided into three parts. Firstly we start with four lectures introducing the topic. That part is followed by the game itself. The course is concluded by a follow up and discussion of essay topics.

See guidelines in the SIS for further details.

Partners

Deloitte

Sponsors

CRIF
McKinsey
Patria Finance