Course aims:

Purpose of the course is to enable the students understand the evolution and the actual status of the international financial and monetary relations.
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Course Entry Requirements:

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Course contents:

1. Introduction to International Relations Contents and role of the international financial and monetary relations 2. Theories of International Relations. Evolution and tendencies of the international financial and monetary relations 3. Challenges and opportunities concerning to the financial crises managing 4. Reform of the protection mechanisms of the financial and monetary systems 5. European Monetary Integration 6. Euro adoption perspectives 7. Characteristics of the currency regime from Romania 8. Impact of the currency politics on the balance of payments 9. Romanian currency's convertibility 10. Capital liberalization in Romania 11. Payments instruments and methods in the international economic transactions

Teaching methods:

Lecture, conversation, exemplification.

Learning outcomes:

Students will be able to:  relate and recognize the direct impact that forces of globalization have on the economic development of nations and regions of the world  explain the core concepts of international economic relations  develop critical thinking skills through analysis of contemporary global issues  identify and solve problems and make decisions using critical and creative thinking concerning the international financial and monetary relations

Learning outcomes verification and assessment criteria:

Exam – 80%; verification during semester – 20%.

Recommended reading:

• Iuga I., Socol Adela, Research upon the Relation between the Entrepreneurial Phenomenon and the Economic Growth, Revista Tinerilor Economişti (The Young Economists Journal), An XII - Nr. 24, p. 73-84, 2015, ISSN 1583-9982.
• Socol Adela, Drigă I., Real convergence in Romania - a comparative approach to non-ERM II countries from Central and Eastern Europe, Analele Universității din Petroșani, Economics - Annals of the University of Petroșani, Economics, 13(1), p. 261-27
• Socol Adela, Concerns regarding to successful adoption of the Euro in Romania, Revista Tinerilor Economişti (The Young Economists Journal), An IX - Nr.18, p.166-174, 2012, ISSN 1583-9982.