Economic Integration II

Code	School	Level	Credits	Semesters
ECON1031	Economics	1	10	Spring Malaysia

Code: ECON1031
School: Economics
Level: 1
Credits: 10
Semesters: Spring Malaysia

Summary

This module provides students with an understanding of the process of economic integration and related economic issues of regional integration. It is divided into three parts. First, we look at policy co-ordination in the European Union. Second, we examine the rapid growth of Asian economic integration as well as the ASEAN regionalism. The third part explores the global level cooperation in finance and development policies in relation to the operation of institutions such as the International Monetary Fund and the World Bank.

Target Students

Year 1 School of Economics students and open to students from other schools.

Classes

One 1-hour tutorial each week for 3 weeks
One 2-hour lecture each week for 10 weeks

Assessment

25% Coursework 1: Individual Essay
75% Exam 1 (1-hour): 1 hour Examination

Assessed by end of spring semester

Educational Aims

To introduce the economic analysis of common EU level policies, applying basic microeconomic principles.To provide an understanding of the objectives, actions and consequences of common EU level economic policies.To assess the consequences of integration measures in the European Union for non-member countriesTo provide a review of the trend and related economic issues of regional economic integration in Asia.To provide insight into the economic consequences of coordinating economic policies through international economic institutions. Objectives To demonstrate the economic rationale for international cooperation.To provide an understanding of the economics of the EU level Regional/Cohesion Policy.To provide an understanding of the external economic impact of EU policies.To analyse the recent trend and related economic issues of regional economic integration in Asia.To provide an understanding of the economic function and performance of international economic institutions such as the International Monetary Fund and the World Bank.

Learning Outcomes

On completing this module, the learning outcomes are such that students will be able to:

Knowledge and Understanding:

A2 apply core economic theory and economic reasoning to applied topics

A3 show understanding of analytical methods, both theory- and model-based

A6 discuss and analyse government policy

A7 demonstrate extensive knowledge and skills in specific specialisms in economics.

Intellectual Skills:

B1 apply complex ideas to solve problems

B2 work with abstract concepts and in a content of generality

B3 reason logically and work analytically

B5 understand the context in which a problem is to be addressed.

Professional / Practical Skills:

C1 develop appropriate economic models

C3 justify conclusions using economic arguments with appropriate rigour.

Transferable Skills:

D2 communicate effectively and clearly in written and oral formats

D5 undertake independent study of a problem or subject.

Conveners

Conveners unspecified.

View in Curriculum Catalogue

Last updated 09/01/2025.