| CODE | ISS5026 | |||||||||
| TITLE | Aspects of Microeconomics and Macroeconomics with Special Focus on Size and Insularity Factors | |||||||||
| UM LEVEL | 05 - Postgraduate Modular Diploma or Degree Course | |||||||||
| MQF LEVEL | 7 | |||||||||
| ECTS CREDITS | 16 | |||||||||
| DEPARTMENT | Islands and Small States Institute | |||||||||
| DESCRIPTION | This study unit provides students with an advanced understanding of the special economic constraints faced by islands and small states. The course will cover the following topics: Microeconomics - The Market Mechanism - The Theory of Costs with special reference to size factors - Market Structures, with reference to small domestic markets - Demand and supply of factors of production in small markets - Competition constraints in small economies - Uncertainty and Information Macroeconomics - Measuring aggregate economic activity - The Multiplier Process in a small open economy - The interaction between aggregate demand and aggregate supply in a small open economy - The relationship between money, inflation and interest rates in a small open economy - Exchange Rate Issues in small states - Vulnerability and Economic Resilience Reading: Background Reading: - LIPSEY, R (2004). Economics: Oxford University Press - SLOMAN, J (2003). Essentials of Economics: Financial Times Management Other texts related to Small States - JALAN, B. (1982). Problems and Policies in Small Economies. Croom Helm - COMMONWEALTH SECRETARIAT (1997). A Future for Small States. Overcoming Vulnerability. London: Commonwealth Secretariat - BRIGUGLIO L., and CORDINA, G. (2004) Competitiveness Strategies for Small States. Commonwealth Secretariat, London and University of Malta - BRIGUGLIO, L., CORDINA, G. and KISANGA, K. (2004) Economic Vulnerability and Resilience of Small States. Commonwealth Secretariat, London and University of Malta - BRIGUGLIO, L., CORDINA, G. and KISANGA, K. (2006) Building the Economic Resilience of Small States, Commonwealth Secretariat, London and University of Malta |
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| STUDY-UNIT TYPE | Lecture | |||||||||
| METHOD OF ASSESSMENT |
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| LECTURER/S | Lino Briguglio |
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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 description above applies to study-units available during the academic year 2023/4. It may be subject to change in subsequent years. |
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