University of Malta
 

Study-Unit Description
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CODE ECN1005

 
TITLE Principles of Economics

 
LEVEL 01 - Year 1 in Modular Undergraduate Course

 
ECTS CREDITS 4

 
DEPARTMENT Economics

 
DESCRIPTION This course introduces students to basic economic concepts regarding the behaviour of consumers and firms within different market structures and trade environments. The course also considers issues related to macroeconomic setups and reviews the role of government in markets for goods, services and social support.

Study-unit Aims

1. Knowledge of way in which economists render real-world issues manageable for analysis.
2. Relationship between economic concepts and their application, including basic statistical tools.
Application of such approach to policy making and evaluation in the context of Malta's demographic, socio-economic context in the post-war period and in the coming decade.

Learning Outcomes

1. Knowledge & Understanding: By the end of the study-unit the student will be able to:

- Define basic economic concepts and be aware of their 'limitations' when applied to everyday realities.
- Apply such conepts/models to understand better policy formation
- Analyse the effects of past policy decisions taking into account not only economic criteria but demographic, social and cultural factors.

2. Skills (including transferable [generic] skills): By the end of the study-unit the student will be able to:

Follow systematically the evaluation of economic and social issues in terms of time frames, market structures and state-private relationships with emphasis on pre- and post-EU membership contexts.

Main Text/s and any supplementary readings

1. No specific textbook is being recommended. Any other introductory textbook of Economic Theory will do.
2. E. P. Delia, 2002, Keynote Speeches – Second Edition, APS Bank Occasional Papers: 1
3. E, P. Delia, 2006, Papers on Malta’s Political Economy – Second Edition (Malta; Midsea Books)
4. E. P. Delia 2006, “Economic Efficiency, Solidarity, and the Co-operative model” in Reconsidering Co-operatives – Lessons for Maltese Co-ops, APS Bank Occasional Papers: 6

 
RULES/CONDITIONS In TAKING THIS STUDY-UNIT YOU CANNOT TAKE EST1040 OR TAKE EST1041

 
STUDY-UNIT TYPE Lecture

 
METHOD OF ASSESSMENT
Assessment Component/s Resit Availability Weighting
Assignment Yes 100%

 
LECTURER/S Clyde Caruana

 
The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints.
Units not attracting a sufficient number of registrations may be withdrawn without notice.
It should be noted that all the information in the study-unit description above applies to the academic year 2017/8, if study-unit is available during this academic year, and may be subject to change in subsequent years.
Calendar
Notices
Semester 1 Time-table 2017/8 - Day Courses
Time-tables for Day Courses for the Academic Year 2017/18 - Semester 1
Semester 1 Time-table 2017/18 - Evening Courses
Time-tables for Evening Courses for the Academic Year 2017/18 - Semester 1
JAYE 2017-2018
Gain the Real Business Experience!
Dubrovnik International Economic Meeting 2017
Meeting to be held on 12-14th October 2017, organised by the University of Dubrovnik, Department of Economics and Business Economics
Half Day Seminar

From AML to Financial Crime Prevention

-How to Bullet Proof your Organisation

Wednesday 18th October 2017, 1600hrs - 1930hrs

Venue: Lecture Theatre 2 (LT2)

Ethics Forms & Guidelines
All students are to fill in these forms and hand in to their respective departmental Secretary. 
 
 

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