The following web pages are designed to provide materials for high school teachers and college faculty teaching undergraduate students about the European Economic and Monetary Union (EMU).

Where appropriate, pages will include the following items:

Links to web sites with further information
Listings of publications for further information
Slides for use in class presentations
Possible questions or topics for class discussions
Outlines of possible in-class exercises and simulations

The Internet houses a wealth of EU and EMU related literature and teaching aids of varying complexity and detail. This web site will provide access to much of that material.

Contents:

1. EMU - Some Basic Questions and Answers

What is the Economic and Monetary Union (EMU)?
What is the new European Currency?
What is the timeline for the EMU?
EU Member States: Who is "in," who is "out," and why?
What are the European System of Central Banks, the European Central Bank, the Governing Council, the "Eurosystem," and "Euroland"?
Why do convergence criteria exist, and what are they?
How did the Members of the EU fare in regard to the convergence criteria?
To whom is the ECB responsible for its monetary policy decisions?

2. The EU and the US in the World Economy: facts & figures

3. Historical Development of the EMU

4. What the EU means for the United States

5. Other Monetary Unions - Historical Experience of the United States

Classroom exercise: the United States with 11 different currencies

6. The Fed and the ECB - Similarities and Differences

7. Costs and Benefits of the EMU

8. Terminology

9. Links

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Part II. EMU [1] [2] [3] [4] [5] [6] [7] [8] [9] [10]