Study-Unit Description

Study-Unit Description


CODE DST5113

 
TITLE International Economics and Business Development

 
UM LEVEL 05 - Postgraduate Modular Diploma or Degree Course

 
MQF LEVEL 7

 
ECTS CREDITS 8

 
DEPARTMENT Diplomatic Studies

 
DESCRIPTION The study-unit in International Economics consists of two parts: 1) a course in aspects of international economics; and 2) a course in economic and commercial diplomacy. The purpose of this study-unit is to familiarize the student with the fundamentals of international economics and the salient policy issues in international competitiveness, globalisation, trade and policies that are related to International Economic issues.

The second part of the study-unit addresses specific practical measures that Commercial Attachés could propose to support SMEs in their internationalisation endeavours both for trade promotion and the attraction of foreign direct investment. This study-unit also includes a visit to an international company in Malta to provide students with a practical learning experience.

Study-Unit Aims:

The aims of this study-unit are to:
- lead students into understanding the different aspects of international economics;
- give students a grasp of the basic analytical tools and concepts that are involved;
- help students understand the issues concerned and be able to form a sound opinion;
- present students with a practical approach to current global issues and support measures;
- enhance students’ knowledge to be able to assess and to take a stand; this is professionally essential in the type of careers that the students pursue.

Learning Outcomes:

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

- comprehend the principles and theories of international economics;
- demonstrate an understanding of the growth economic indicators and development;
- comprehend trade and economic policies of international trade;
- analyse economic integration with a focus on the Mediterranean region;
- analyse the current international economic environment;
- understand the support measures available for international business development.

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

- perform basic economic tasks in an international economic environment;
- understand and interpret economic graphical representations;
- brief supervisors/juniors on basic international economic principles;
- propose measures to support SMEs in their internationalisation efforts.

Main Texts and Supplementary Readings:

Main Texts

All main texts are available at MEDAC Library.

- Lipsey, R. & Chrystal, A. 2020. Economics (14th Edition). Oxford: Oxford University Press.
- van Marrewijk, C. 2007. International Economics: Theory, Application & Policy. Oxford: Oxford University Press.

Supplementary readings

- Holland, F. (Ed.) 2008. Global Civil Society 2007/8: Communicative Power and Democracy. London: SAGE.
- McKinnon, R. 1997. Money in International Exchange. Oxford: Oxford University Press.
- Petersmann, E. 2005. Reforming the World Trading System. Oxford: Oxford University Press.
- Salvatore, D. 2004. International Economics (8th edition). New York: John Wiley & Sons.

 
STUDY-UNIT TYPE Lecture

 
METHOD OF ASSESSMENT
Assessment Component/s Assessment Due Sept. Asst Session Weighting
Presentation (15 Minutes) YR Yes 20%
Examination (2 Hours) SEM1 Yes 40%
Examination (2 Hours) SEM2 Yes 40%

 
LECTURER/S John Inguanez
Olaph Terribile
Dionisio Vella

 

 
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 2024/5. It may be subject to change in subsequent years.

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