| CODE | ISS5130 | |||||||||
| TITLE | Economic Development and Small Island States | |||||||||
| UM LEVEL | 05 - Postgraduate Modular Diploma or Degree Course | |||||||||
| MQF LEVEL | 7 | |||||||||
| ECTS CREDITS | 5 | |||||||||
| DEPARTMENT | Islands and Small States Institute | |||||||||
| DESCRIPTION | The study-units will cover the following themes: - Meaning of economic development and main policies conducive to such development; - Characteristics of small island states; - Aspects of Microeconomics of relevance to small country size and insularity; - Aspects of Macroeconomics of relevance to small country size and insularity; - Major constraints faced by small island states in their pursuit of economic development; - Economic vulnerability and small island states; - Economic resilience and small island states; - The Vulnerability/Resilience framework; - Small island states in the global economic arena; - International organisations and small island states: the United Nations, the Commonwealth Secretariat, the World Bank, the IMF and the World Trade Organisation. Study-Unit Aims: The study-unit aims to explain the special economic characteristics of small island states and to identify which aspects of economic theory are relevant to small island states. The study-unit will also deal with the special constraints faced by small island states in their pursuit of economic development. The role of small island states in the global economic arena will also be covered. Learning Outcomes: 1. Knowledge & Understanding: By the end of the study-unit the student will be able to: - Identify the special characteristics of small states and which aspects of economic theory are relevant to small country size and insularity; - Generate independent assessments relating to the special constraints faced by small states in their pursuit of economic development. 2. Skills: By the end of the study-unit the student will be able to: - Evaluate policies that are conducive to sustainable economic development of small island states; - Formulate economic scenarios and analyze information through the application of appropriate quantitative and qualitative methods; - Critically assess the sources of data on economic indicators. Main Text/s and any supplementary readings: Main Texts: - Todaro, M.P. and Smith, S.C. (2011) Economic Development. Smith Pearson Education and Addison-Wesley. - Briguglio, L., Cordina, G., Farrugia, N. and Vella, S. (2009). Economic Vulnerability and Resilience: Concepts and Measurements. Oxford Development Studies. - Briguglio, L. , Persaud, B. and Stern, R. (2006). Toward an Outward-Oriented Development Strategy for Small States: Issues, Opportunities, and Resilience Building, World Bank and the Commonwealth Secretariat. Supplementary Readings: - Commonwealth Secretariat (annually). Small States: Economic Review and Basic Statistics. Commonwealth Secretariat. - Kisanga, E.J. and Danchie, S.J. (2007). Commonwealth Small States: Issues and Prospects. Commonwealth Secretariat. - Briguglio, L., Cordina, C., Vella, S., Vigilance, C. (2010). Profiling Vulnerability and Resilience: A Manual for Small States. Commonwealth Secretariat, London. |
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| STUDY-UNIT TYPE | Lecture and Tutorial | |||||||||
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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 2024/5. It may be subject to change in subsequent years. |
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