Download 窗体顶端 Economics:China compared to the euro zone countries

Economics:China compared to the euro zone countries
Name：
Hendrikus A. Ebbers
Nationality：
Netherlands
Academic Title：Professor
Home University
Nyenrode university
（From）：
Email Address： [email protected]
Undergraduate
Master
Doctoral student
English
none
Lecture, combined with cubical sessions
Continuous assessment, participation：30%
Final Examination：70%
2 credits
Dr. Hendrikus Ebbers is Professor of International Economics at Nyenrode Business
University in The Netherlands. He is chairman of the Europe China Institute at
Nyenrode. As the chairman, he is responsible for the three pillars of the Europe
China Institute: education, research and network events. The Institute is recognised
as one of the leading institutes in the field of EU-China economic relations. Besides
his work at Nyenrode, he is a guest professor at various national and international
universities, including some top universities in China. Furthermore, he teaches
Globalization at the University of East Anglia in London. His latest publications
focus on China’s integration into the World economy and its impact on the European
Union. In the previous six years, he has been selected 5 times as the best professor
of Nyenrode.
It is interesting to note that the essentials of economics such as explaining
economic growth, development of the exchange rate, and the use of fiscal and monetary
policy are more or less the same all over the world. Drivers behind economic growth
in China are the same as in countries such as France and Germany…although from
another magnitude and intensity. Also the ways governments may counteract economic
problems are driven by the same theories in many countries in the world. From this
perspective, macro-economics is universal in its approach, although adjustments are
needed to adapt to local environment.
We will answer the questions what determines economic growth. We will discuss growth
performance in China compared to the euro zone. Related to this, we will discuss
the various types of policy the government or central bank can use to tackle economic
problems of low economic growth, rising unemployment and inflation. Clearly, the
focus is on the optimum combination of fiscal policy and monetary policy. Fiscal
policy involves altering taxes and government spending. Monetary policy is changing
the interest rate. We see government both in China and in the West struggling with
the question how much help is needed.
1.Explaining economic development in China and the euro zone
2.Fiscal policy, exchange rate policy and monetary policy; main characteristics and
differences
3.The impact of different stimulus packages in the previous years
4.How to achieve economic development in the longer term? The nature of rebalancing
the economy and finding the optimum growth model
Krugman, P (2009), The return of depression economics and the crisis of 2008
Sloman, J (2012), Economics
Examples of other material:
China reports from BBVA (2012-2014)
WorldBank (2012), China 2030
Reader with articles from media and chapters from textbooks.