Study-Unit Description

Study-Unit Description


TITLE International Economics

LEVEL 05 - Postgraduate Modular Diploma or Degree Course


DEPARTMENT Diplomatic Studies

DESCRIPTION The study-unit in International Economics consists of two parts: 1) a course in international trade and 2) a course in economic diplomacy. The purpose of this study-unit is to familiarize the student with the fundamentals of international economics and builds up quickly to address the most salient policy issues in International Trade and policies that are related International Economic issues. The second part of the study-unit addresses specific issues in global economic affairs and places the discussion in an evolving 21st century perspective and the need to aim for an ethical globalized system.

Study-unit Aims

The aim of this study-unit is not to turn the students into economists but to give them a grasp of the basic analytical tools and concepts that are involved in order that they can understand the issues concerned and to be able to form an opinion. A great deal of emphasis is placed on the need to be able to assess and to take a stand. This is considered to be professionally essential in the type of careers that the students pursue.

Learning Outcomes

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

- Comprehend the principles and theories of economics;
- Demonstrate an understanding of the growth economic indicators and social development;
- Comprehend theories of international trade;
- Comprehend trade policies;
- Analyse economic integration with a focus on the Mediterranean region;
- Analyse current international economic environment.

2. Skills:
By the end of the study-unit the student will be able to:

- Perform basic economic tasks in an international economic environment;
- Understand and interpret economic graphical representations;
- Brief supervisors/juniors on basic economic principles.

Main Text/s and any supplementary readings

Main texts:
All main texts are available at MEDAC Library

Lipsey and Chrystal, 2007. Economics. Eleventh Edition – Oxford University Press, UK.
van MARREWIJK, C. 2007. International Economics: Theory, Application & Policy, Oxford University Press, UK.

Supplementary readings:

McKinnon, R. 1997. Money in International Exchange, Oxford University Press, Oxford.
Petersmann, E. 2005. Reforming the World Trading System, Oxford University Press, Oxford.
Salvatore, D. 2004. International Economics, 8th edition, John Wiley & sons, New York.
Holland, F. (Ed.,) 2008. Global Civil Society 2007/8: Communicative Power and Democracy, SAGE, London.


Assessment Component/s Assessment Due Resit Availability Weighting
Take Home Examination (24 Hours) SEM1 Yes 40%
Take Home Examination (24 Hours) SEM2 Yes 60%

LECTURER/S Tanya Sammut Bonnici
Dionisio Vella

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 2020/1. It may be subject to change in subsequent years.