| CODE | ISS1805 | ||||||
| TITLE | Economic Aspects of Lace Making | ||||||
| UM LEVEL | 01 - Year 1 in Modular Undergraduate Course | ||||||
| MQF LEVEL | 5 | ||||||
| ECTS CREDITS | 4 | ||||||
| DEPARTMENT | Islands and Small States Institute | ||||||
| DESCRIPTION | Study-unit objective: The objective of this study-unit is to enable students to understand the workings of the market and how costs, revenues and profits, involved in Lace Making, are calculated. The course also deals with macroeconomic aspects intended to enable students to assess the contribution of Lace Making to the Gozitan and Maltese economy. Study-unit topics: Microeconomic aspects - Markets and price setting - Market structures: from competition to monopoly - The cost of lace materials - The cost of hired inputs - Calculating imputed costs of labour, capital and land - Allowing for depreciation on tools and equipment - Calculating profit from Lace Making - Macroeconomic aspects - Factors affecting purchases of lace making - Factors affecting investment in lace making - The contribution of Lace Making to the economy - Imports and exports of lace products - The multiplier effects of Lace Making - Forms of business organisation - Marketing lace products Suggested Readings: - Sloman: economics 7a - John Sloman and Dean Garret: 5th Sloman Essentials of Economics - James Dillehay: Pricing your Craftwork 2003 Warm Snow Publishers - Barbara Brabec: Handmade for Profit - Barbara Brabec: The Crafts Business Answer Book |
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| STUDY-UNIT TYPE | Lecture | ||||||
| METHOD OF ASSESSMENT |
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| LECTURER/S | Lino Briguglio |
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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 Units not attracting a sufficient number of registrations may be withdrawn without notice.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 2023/4. It may be subject to change in subsequent years. |
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