Business ethics, corporate governance and social responsibility are areas of rapidly growing importance in our society. This course brings together both economic and moral considerations in a strongly interdisciplinary approach. The main focus encompasses the social, political, legal, economic and moral aspects of how businesses are governed, in order to provide those wishing to engage with the issues of business and society, and those wishing to be involved professionally in the processes of corporate governance, with the necessary critical tools.
The Master of Arts in Business Ethics is an interdisciplinary programme bringing together the fields of philosophical ethics, moral theology, business studies, marketing and public policy. Following the successful introduction of the MA in Bioethics, this course will provide another valuable contribution to the field of professional ethics. Care is being taken to co-involve stakeholders within the course programme itself. Indeed, part of the course will be in the form of public seminars, which format will facilitate communication between the academic arena and the sphere of business.
The aims of this course are to:
• introduce students to the important ethical issues that arise in the context of business activities; • foster an understanding of the social and economic environments within which such ethical issues occur; • introduce students to ethical concepts and theories that can aid one’s understanding of business activities; • help students develop the necessary skills for moral reasoning in the business environment.
Areas of study • Ethical Concepts and Theories • The World of Business as a World of Human Relationships • Work in an Ethical Perspective • Values and Systems of Corporate Governance • Personal Responsibility and Corporate Social Responsibility • Management, Finance and Marketing: Ethical Issues • Cost-benefit Analyses, Rationality and Ethics • Business, Regulation and Self-Regulation • Comparative Frameworks in Business and Ethics • International Business Ethics
This course is being offered with the participation of a number of lecturers from: • the Faculty of Economics, Management and Accountancy • various business leaders.
The Course shall be open to applicants in possession of:
(a) a Bachelor degree with at least Second Class Honours or Category II in the following areas: Theology, Philosophy, Laws, Accountancy, Economics, Management, Banking, Marketing, or in any other area which the Board deems suitable, or an equivalent relevant professional qualification or
(b) a Bachelor degree with Third Class Honours or Category III in the following areas: Theology, Philosophy, Laws, Accountancy, Economics, Management, Banking, Marketing, or in any other area which the Board deems suitable, or an equivalent relevant professional qualification, if applicants are also in possession of other relevant qualifications, including at least three years' relevant experience, obtained following the first cycle degree.
The admission requirements are applicable for courses commencing in October 2019.
For more detailed information pertaining to admission and progression requirements please refer to the bye-laws for the course available here.
UM currently hosts over 1,000 full-time international students and over 450 visiting students. The ever-increasing international students coming from various countries, in recent years, have transformed this 400-year old institution into an international campus.
Our international students generally describe Malta as a safe place, enjoying excellent weather and an all-year varied cultural programme. Malta is considered as the ideal place for students to study.
Total Tuition Fees: Eur 4,800 Fee per semester: Eur 800
Total Tuition Fees: Eur 10,800 Yr 1: Eur 5,400 - Yr 2: Eur 5,400 - Yr 3: NIL
By the end of the course, the student should:
• have a comprehensive understanding of basic ethical concepts such as trust, fairness, rights, duties, good and bad, right and wrong, virtue and vice, agents and actions with special reference to the notion of justice and its application to business policy and practice.
• be able to discern the way in which decision-making can take place in the light of key ethical theories such as Utilitarianism, Kantianism, Contractarianism, and Virtue ethics.
• have a clear understanding of biblical and theological understanding of work, economics and society with particular attention to the Social Teaching of the Catholic Church.
• appreciate particular issues such as work-family balance, the principles of subsidiarity and solidarity, the importance of participation, and the insights of the psychology of work.
• have a comprehensive understanding of the nature of business as a human activity and its relation to other spheres of human life.
• be aware of the nature of corporate governance and the concepts of ownership, direction, accountability and participation.
• be able to understand the notion of responsibility and its application in a business context, including the notion of shared responsibility, and the nature and scope of personal, fiduciary, corporate and social responsibility.
• have a clear understanding of the notion of rationality underlying rational choice theory, and its repercussions for business decisions.
• be able to critically respond to the question as to whether cost-benefit analysis provides an ethically defensible way of making business decisions and evaluate the nature of capitalism and economic libertarian theory and their implicit view of human nature.
• be able to analyze the notions of regulation and self-regulation of business.
• be able to appreciate the issues having to do with decision-making in manufacturing, marketing, personnel, and finance.
• understand the nature of corporate communications, advertising, marketing and public relations, and the ways in which they can be conducted ethically.
• be able to appreciate accounts of corporate social responsibility, corporate governance, business models, and ethical principles from the Islamic, Jewish and the Confucian perspectives, to find points of convergence with the 'western' model, and to be sensitized to other ways of doing business.
• have a critical appreciation of the role of globalisation and the spheres of international business (including the question of emerging markets), foreign direct investment and global portfolio investment.
The M.A. in Business Ethics is of value to all business practitioners (and particularly to directors, company secretaries, compliance officers, and ethics officers), to bank officials, business academics, philosophers, lawyers, and accountants, to trade union officials, representatives of government, non-governmental organisations and the media, and to conscientious stakeholders everywhere.
Holders of this degree are eligible to register for the third-cycle programme leading to a Ph.D. provided by the Faculty of Theology.
Holders of this degree may be invited to sit as members in business ethics committees.
Click here to access the Programme of Study applicable from 2019/0.
Last Updated: 3 April 2019
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. Unless for exceptional approved reasons, no changes to the programme of study for a particular academic year will be made once the students' registration period for that academic year begins.