Master of Public Policy   Master of International Affairs  

Fiscal and financial governance in the EU

This course provides an introduction to European economic governance in the capital of the most important country in the Eurozone, namely Germany. “Economic governance” focuses on different parts of the economy. The first part of the class concerns the governance of the macro level. There is concern about budget balances, expenditure growth, debt burdens and the stability of Europe’s banking system. At the micro level, labour market rigidities, the quality of the education system and the ability of Europe to provide research and development in both the public and private sectors are a focus. The students explore how policy is made and executed at different levels of government, with a focus on recent experiences in the Eurozone, as well as what these experiences mean for countries not in the Eurozone and/or not in the European Union. We also discuss the growth of public innovation labs at both the EU and national levels. We adopt a political economy perspective as our main lens to study these issues. We will also pay particular attention to the way finance ministries consider such problems.

This course is for 2nd year MIA and MPP students only.