COURSE INFORMATION Course Title: INTERNATIONAL MONETARY POLICY

Code	Course Type	Regular Semester	Theory	Practice	Lab	Credits	ECTS
ECO 452	B	2	3	0	0	3	7.5

Academic staff member responsible for the design of the course syllabus (name, surname, academic title/scientific degree, email address and signature)	NA
Main Course Lecturer (name, surname, academic title/scientific degree, email address and signature) and Office Hours:	Dr. Chrysanthi Balomenou cbalomenou@epoka.edu.al , Friday 11:30-13:30
Second Course Lecturer(s) (name, surname, academic title/scientific degree, email address and signature) and Office Hours:	NA
Teaching Assistant(s) and Office Hours:	NA
Language:	English
Compulsory/Elective:	Elective
Study program: (the study for which this course is offered)	Master of Science in Economics
Classroom and Meeting Time:	E/213 18:00-20:30
Code of Ethics:	Code of Ethics of EPOKA University Regulation of EPOKA University "On Student Discipline"
Attendance Requirement:	A minimum rate of 75% is required for the student to enter the final examination.
Course Description:	Objective of the course to teach the students how to analyze international monetary problem, learn how to think critically and be able to apply theories and models in solving these problems.
Course Objectives:	The main objectives of this course that should be achieved are to teach how to improve students abstract thinking, as far analytical and synthetical skills on International Monetary Policy, by providing them all the appropriate knowledge and tools on both how: a) to learn, understand, interfere and interpret a scientific article, chapter of a scientific book or even a report of the Central Banking sector under the umbrella of the field of International Monetary Economics. In addition, this course aims at initiating the master students into the most crucial hot topics of the examining scientific area, via cultivating critical view aspects and how to avoid adopting sterile parrot learning educational methods and b) to write a scientific article, regardless of its type (i.e. in a form of a research paper or purely discussion literature review-oriented one) in order afterwards be eligible to be published in scientific journals of the area.

BASIC CONCEPTS OF THE COURSE

1	Covid-19 and banking supervision
2	Banking Sector Challenges
3	U.S. Economic Outlook and Monetary Policy
4	The European response to the COVID‐-19 crisis
5	The economic impact of pandemics
6	Monetary Policy as an Optimum Currency Area Criterion
7	The Political and Economic Dimension of Monetary Unions
8	The Federal Reserve and the Global Economy
9	Theory and Practice of Contagion in Monetary Unions
10	Domino Effects in EMU Mediterranean Countries

COURSE OUTLINE

Week	Topics
1	Introduction of the syllabus and academic writing rules (a refreshment of the key elements of the academic writing adjusted to this course needs). Discussion on the indicative project topics for individual projects as far as the team working ones; the right procedure to be followed in order to elaborate the term paper. Instructions about the methods that are to be used to analyze each case study at a weekly basis. Moreover, the key parts of the syllabus will be analyzed. Additionally, with the purpose to facilitate the students more, some reliable scientific areas of the examining field will be provided to them. Nevertheless, the choice will remain purely to them. They can be based on the given topics or form their own.
2	Analysis of the first case study article: Covid-19 and banking supervision: where do we go from here? (The Lancet. (2021). COVID-19: where do we go from here?. The Lancet, 398(10318), 2207. doi: 10.1016/s0140-6736(21)02790-2)
3	Analysis of the second case study article: The banking sector and the challenges posed by the pandemic (Cos, P. (2022). Pablo Hernández de Cos: The banking sector and the challenges posed by the pandemic. Retrieved 7 April 2022, from https://www.bis.org/review/r201030c.htm)
4	Analysis of the third case study article: The European response to the COVID‐-19 crisis (Nastos, G. (2020). European response to COVID-19 health crisis. Hapsc Policy Briefs Series, 1(1), 123. doi: 10.12681/hapscpbs.24957)
5	Analysis of the fourth case study article: U.S. Economic Outlook and Monetary Policy (Clarida, R. (2022). U.S. Economic Outlook and Monetary Policy. Retrieved 7 April 2022, from https://www.chicagofed.org/publications/speeches/2021/challenges-resiliency-opportunities)
6	Analysis of the fifth case study article: The economic impact of pandemics: real and financial transmission channels ((2022). Retrieved 7 April 2022, from https://www.bankofgreece.gr/Publications/Paper2020283.pdf)
7	Revision before Midterm. The previous five case studies will be discussed by underlying their key issues of each one of them. More attention will be paid to the most critical and in terms of examining hot topics of the research areas case studies in order to facilitate more the students, both choosing the reliable topics and consequently of elaborating in a more successful and efficient way their individual project for the needs of the midterm exams.
8	Midterm. The Midterm’s week will be dedicated to the Individual project presentations by each student. It should be noted that the chosen topics by students should be relevant to the nature of the course. The projects would have been already submitted and revised by the professor accordingly.
9	Presentation of group term paper. The students divided into groups composed of 2 members are presenting, using power point system, their teamworking projects that have been previously submitted to their professor. Each team member is presenting his/hers's own contribution part of the project presentation.
10	Analysis of the sixth case study article: Monetary Policy as an Optimum Currency Area Criterion (Groll, D. (2022). Retrieved 7 April 2022, from https://www.ijcb.org/journal/ijcb20q5a8.pdf)
11	Analysis of the seventh case study article: The Political and Economic Dimension of Monetary Unions (Cesarano, F. (2022). The Political and Economic Dimension of Monetary Unions. Retrieved 7 April 2022)
12	Analysis of the eighth case study article: The Federal Reserve and the Global Economy (Fischer, S. (2022). Retrieved 7 April 2022, from https://www.bis.org/review/r141015a.pdf)
13	Analysis of the ninth case study article: Theory and Practice of Contagion in Monetary Unions: Domino Effects in EMU Mediterranean Countries (Canofari, P., Di Bartolomeo, G., & Piersanti, G. (2022). Theory and Practice of Contagion in Monetary Unions: Domino Effects in EMU Mediterranean Countries. Retrieved 7 April 2022)
14	Revision before Final. The already analyzed nine case studies will be recapped, by pinpointing their highlights, concentrating on the most needed ones due to their nature. Moreover, more attention will be put in the hottest topics case studies in terms of critical analysis and combination of different reliable topics that are already taught in terms of theoretical ground. Differently from the Midterm’s individual project’s procedure, in the finals the students should elaborate a dissertation based on one of the already taught case study’s groups of the same scientific area that are already formed by the professor.

Prerequisite(s):	NA
Textbook(s):	a) Textbook: Manual of Elsevier editions on “Understanding the Publishing Process in scientific journals”; Zafiropoulos,K. “How a Scientific Work is written- Scientific Research and Writing”, Kritiki Editions; Other References: Lectures on Academic Writing and Research Methodology and the materials prepared by the Lecturer; b) nominated articles relating to International Monetary Policy and Theory and to Monetary and Banking Law issues and recent reports-speeches on International Monetary Theory and Policy. Monetary Policies, Banking Systems, reliable Legislative Regulatory Framework.
Additional Literature:	NA
Laboratory Work:	NA
Computer Usage:	NA
Others:	No

COURSE LEARNING OUTCOMES

1	Improve their professional and academical skills in international monetary economics and reliable legislative regulatory framework and international banking law.
2	Develop their analytical, critical and empirical skills in international monetary economics and reliable banking law.
3	Enhance their ability to justify the hot topics of the scientific field of the international monetary policy basing on the relevant theories and reliable literatures reviews that they have been taught.
4	Take advantage of the offered, via the taught different article/ case studies, opportunities and challenges to acquire a comprehensive global knowledge and specialized background on how to write and interpret a scientific article, as far as how to compare an combine articles of sharing similar topics.
5	Promoting academic skills for preparing and submitting a paper to an international conference, for being presented at an ordinary, special or referee session.
6	Enhancing academic skills for publishing a paper in and indexed journal/or in a proceedings book or as a chapter contribution to a scientific book of the field.

COURSE CONTRIBUTION TO... PROGRAM COMPETENCIES (Blank : no contribution, 1: least contribution ... 5: highest contribution)

No	Program Competencies	Cont.
Master of Science in Economics Program
1	Students apply advanced knowledge in economics	4
2	Students explain the interaction between related disciplines and economics	5
3	Students apply scientific methods to address economic problems	5
4	Students define existing theory in a specialized branch of economics	4
5	Students critically evaluate knowledge in economics and carry out advanced research independently	5
6	Students develop economic models and formulate policy options	5
7	Students make an original contribution to the discipline	4
8	Students effectively communicate in a variety of professional and academic contexts	4
9	Students will develop new strategic approaches for unexpected, complicated situations in economics and take responsibility in solving them	3
10	Students uphold and defend ethical values data collection, interpretation and dissemination	5
11	Students use advanced empirical analyses to address social problems	4
12	Students interact with professional networks in their field of specialization	4

COURSE EVALUATION METHOD

Method	Quantity	Percentage
Midterm Exam(s)	1	30
Term Paper	1	20
Final Exam	1	40
Attendance		10
	Total Percent:	100%

ECTS (ALLOCATED BASED ON STUDENT WORKLOAD)

Activities	Quantity	Duration(Hours)	Total Workload(Hours)
Course Duration (Including the exam week: 16x Total course hours)	16	3	48
Hours for off-the-classroom study (Pre-study, practice)	16	4	64
Mid-terms			0
Assignments	1	20	20
Final examination	1	25.5	25.5
Other	15	2	30
Total Work Load:			187.5
Total Work Load/25(h):			7.5
ECTS Credit of the Course:			7.5

CONCLUDING REMARKS BY THE COURSE LECTURER

All the expected course learning outcomes were met successfully. The course contributed to the enrichment of students' knowledge since the examined topics had combined the theoretical grounds of the taught scientific field with the needs of the relevant industry.