Study-Unit Description

Study-Unit Description

CODE EST3010

 
TITLE The Economics of the EU Single Market

 
UM LEVEL 03 - Years 2, 3, 4 in Modular Undergraduate Course

 
EQF/MQF LEVEL 6

 
ECTS CREDITS 4

 
DEPARTMENT European Studies

 
DESCRIPTION This study-unit aims to provide a detailed analysis of the EU Single Market. It builds on the introductory economic theories and concepts acquired during the first year of the course. The unit includes both theoretical aspect of economic integration as well as its implementation in practice in Europe. Different forms of integration from customs union to the single market are examined, together with their implications. The development of the EU Single Market is analysed, as well as its economic effects. The unit also looks at the challenges faced in the EU Single Market, the opportunities that it presents and the competitiveness of the European economy.

Study-unit Aims:

- To examine different forms of economic integration;
- To understand the theory of economic integration;
- To review the historical development of the EU Single Market;
- To understand the economic effects of the EU Single Market;
- To assess the current status of the EU Single Market;
- To understand how completing the EU Single Market can contribute to improve the competitiveness of the EU economy.

Learning Outcomes:

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

- distinguish the different possible forms of economic integration;
- identify the costs and benefits of different forms of economic integration;
- describe the main elements of the EU Single Market and its development over the years;
- explain the economic effects of the EU Single Market;
- identify policy reforms to complete the EU Single Market;
- explain how completing the EU Single Market can improve the competitiveness of the EU economy.

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

- apply economic theories to understand the effects of the EU Single Market;
- analyse the policy debate on participation in the EU Single Market and on exiting it (e.g. Brexit), as well as on reforms to the EU Single Market, with improved economic tools.

Main Text/s and any supplementary readings:

View reading list


 
ADDITIONAL NOTES Students are required to have a sound Economics background, i.e. Macro/ Micro/Trade Theory/International Economics.

 
STUDY-UNIT TYPE Lecture

 
METHOD OF ASSESSMENT
Assessment Component/s Assessment Due Sept. Asst Session Weighting
Presentation (20 Minutes) SEM1 Yes 25%
Written Tasks SEM1 Yes 25%
Examination (1 Hour) SEM1 Yes 50%

 
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 2026/7. It may be subject to change in subsequent years.

https://www.um.edu.mt/courses/studyunit/index.php