Study-Unit Description

Study-Unit Description


CODE EST1040

 
TITLE Introductory Micro Economics for European Studies

 
LEVEL 01 - Year 1 in Modular Undergraduate Course

 
ECTS CREDITS 4

 
DEPARTMENT European Studies

 
DESCRIPTION Central to the understanding of the process of European integration is knowledge of economics. This study-unit will focus on an introduction to microeconomics, including a general introduction to economics, production possibility frontiers, market demand and supply, the supply decision, market structures, market failures and government policy. In order to understand better the basic economic concepts and principles, each topic will include a number of related case studies, including examples from the EU context.

The study-unit will involve 10 lectures of 2 hours each. The class will be divided into 2 groups and each group will have 4 tutorials of 1 hour each (total student contact hours: 28 hours). Before each tutorial, students will be required to do revision work (4 tasks of 1 hour each) which will then be discussed during the tutorial sessions) (total for students: 20 hours lectures, 4 hours tutorials, 4 hours revision work at home).

Study-unit Aims:

The study-unit aims to introduce students to microeconomics, using relevant examples drawn from the EU perspective. Students will learn basic economic tools to understand past and current economic debates within the European Union.

Learning Outcomes:

1. Knowledge & Understanding:

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

- Define and conceptualise basic microeconomic theory.
- Apply the main microeconomic principles to case studies relating to economic issues, particularly in a EU context.
- Identify the main determinants governing EU’s economic policies and challenges.

2. Skills:

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

- Analyse the current EU debate on economic policies with improved analytical skills.
- Analyse discussions on Malta's economic performance and economic policies with improved analytical skills.

Main Text/s and any supplementary readings:

- Parkin, M., Powell, M. & Matthews, K. (2012) Economics (Eight Edition), Pearson Education Limited.
- Sloman, J. & Garratt, D. (2013), Essentials of Economics (Sixth Edition), Pearson Education Limited.

Other introductory economics textbooks can also be used.

 
RULES/CONDITIONS In TAKING THIS UNIT YOU CANNOT TAKE ECN1005 OR TAKE IRL1025

 
STUDY-UNIT TYPE Lecture and Tutorial

 
METHOD OF ASSESSMENT
Assessment Component/s Assessment Due Resit Availability Weighting
Examination (2 Hours) SEM1 Yes 100%

 
LECTURER/S Moira Catania

 
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 2019/0, if study-unit is available during this academic year, and may be subject to change in subsequent years.

https://www.um.edu.mt/course/studyunit