LAW5630 - European and international monetary law - 2019

This unit is divided into three main sections: interdisciplinary introduction to money and currencies; international monetary law; and European monetary law. The first section will explain the interdisciplinary fundamentals of money and currencies, including the historical background, economic theories and the role of law. The second section will introduce international monetary law, focusing on the work and functions of the IMF, which has played an increasingly major role in addressing global financial and sovereign debt crises. The third section will cover the monetary integration process in Europe, and a thorough examination of the European Monetary Union (EMU). The unit will conclude with a critical assessment of the much-debated recent developments within the EMU set in motion by the European sovereign debt crisis, including the implications for countries such as Greece and Germany.

On completion of this Unit, students will be able to:

1. Critically examine and evaluate the principles underpinning European and international monetary law;
2. Investigate, analyse and synthesise complex information about the history, institutions and implications of European and international monetary law;
3. Conduct research into fundamental legal problems of international monetary relations; and
4. Use cognitive, technical and creative skills to apply legal principles to problems relating to European and international monetary law.

Attendance requirement: students who fail to attend at least 80% of the classes in this unit (ie who miss 3 or more classes) will receive a result of 0 N for the unit. Students who are unable to meet this requirement due to severe illness or other exceptional circumstances must make an application for in-semester special consideration with supporting documentation.

1. Class paper (1,500 words): 20%
2. Research essay (6,000 words): 80%

Students enrolled in this unit will be provided with 36 contact hours of seminars per semester whether intensive, semi-intensive, or semester-long offering. Students will be expected to do reading set for class, and to undertake additional research and reading applicable to a 6 credit point unit.