| CODE | TEB4005 | ||||||||
| TITLE | Macroeconomics for Business Educators | ||||||||
| UM LEVEL | 04 - Years 4, 5 in Modular UG or PG Cert Course | ||||||||
| EQF/MQF LEVEL | 6 | ||||||||
| ECTS CREDITS | 4 | ||||||||
| DEPARTMENT | Technology and Entrepreneurship Education | ||||||||
| DESCRIPTION | This study-unit discusses concepts, theories and principles in macroeconomics. It is intended for prospective secondary school teachers of economics to have a solid grasp of both substantive and syntactic knowledge of macroeconomics. Throughout the course, students and lecturers discuss and reflect upon such topics as elementary national income analysis, the role of money, the contribution of financial institutions in an economy, government's revenue and expenditure, demography, international trade, inflation and unemployment, and economic development and growth. Study-Unit Aims: The study-unit will enable students to: - Obtain a firm grasp of fundamental macroeconomic concepts, theories and principles; - Critically reflect and discuss ethical issues relating to this macroeconomic content; - Start reflecting about how to teach macroeconomic content to students; and - Enhance their economic literacy and autonomy through the knowledge acquired. Learning Outcomes: 1. Knowledge & Understanding: By the end of the study-unit the student will be able to: - Discuss issues relating to elementary national income analysis; - Describe the role of money and of financial institutions in an economy; - Identify issues relating to government's revenue and expenditure; - Carefully distinguish between inflation and unemployment; - Argue about economic development and growth and its effects; - Discuss about international trade, the principle of comparative advantage, the balance of payments and exchange rates; and - Evaluate aspects of demography such as population growth. 2. Skills: By the end of the study-unit the student will be able to: - Analyse economic issues and problems employing the appropriate macroeconomic principles, theories and concepts; - Evaluate available economic information; - Examine national income statistics of different countries; - Evaluate the effects of unemployment, inflation, and economic growth; - Appraise the role of financial institutions; - Evaluate better the economic situation around him/her due to an increased level of financial and economic literacy; and - Think more like an economist (Arnold, 2005). Main Text/s and any supplementary readings: Main Texts: - Anderton, A. (2008) Economics AS Level. Fifth edition. UK: Pearson Education. - Arnold, R.A. (2005) How to Think like an Economist. South-Western Cengage Learning. - Grant, S. (2003) AS Economics. Pearson Education Limited. - Moynihan, D. and Titley, B. (2007) Economics: A Complete Course for IGCSE. Oxford. |
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| STUDY-UNIT TYPE | Lecture | ||||||||
| METHOD OF ASSESSMENT |
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| LECTURER/S | Jacqueline Farrugia Emanuel Mizzi |
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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 2026/7. It may be subject to change in subsequent years. |
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