Study-Unit Description

Study-Unit Description


CODE EST1041

 
TITLE Introductory Macro 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 macroeconomics, including aggregate demand and the national economy, aggregate supply and growth, money, banking and interest rates, inflation and unemployment, macroeconomic policies and international economics. 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 macroeconomics, 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 macroeconomic theory;
- apply the main macroeconomic 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:

Main Texts:

- 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
- Briguglio, L. (2011) Macroeconomics and the Maltese Economy, Malta, BDL Publishing

Supplementary readings:

- The Economist
- Economic Survey, Economic Policy Department, Ministry of Finance
- Quarterly Review and Annual Report , Central Bank of Malta
- Statistical News Releases, National Statistics Office, Malta and Eurostat

 
RULES/CONDITIONS In TAKING THIS UNIT YOU CANNOT TAKE ECN1005

 
ADDITIONAL NOTES Pre-requisite Study-unit: EST1040

 
STUDY-UNIT TYPE Lecture

 
METHOD OF ASSESSMENT
Assessment Component/s Assessment Due Resit Availability Weighting
Examination (2 Hours) SEM2 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 description above applies to study-units available during the academic year 2020/1. It may be subject to change in subsequent years.

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