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Programme & Unit Catalogues

MN50471: Economic governance and industrial policy

[Page last updated: 05 August 2021]

Academic Year: 2021/2
Owning Department/School: School of Management
Credits: 6 [equivalent to 12 CATS credits]
Notional Study Hours: 120
Level: Masters UG & PG (FHEQ level 7)
Semester 2
Assessment Summary: EX 100%
Assessment Detail:
  • Examination (EX 100%)
Supplementary Assessment:
Like-for-like reassessment (where allowed by programme regulations)
Requisites: Before taking this module you must take MN50169 OR take MN50450
Aims: This unit aims to encourage students to critically analyse the issue of economic governance and hence the wider implications of corporate decisions on society. The intention is to explore these issues in a political economy framework with reference to both mainstream and heterodox economics. By the end of this unit, students should have a wider understanding of the significance of governance, the different forms of economic governance and the challenges that policy-makers face in determining and achieving the public interest.

Learning Outcomes: On completion of this unit students will have developed a critical understanding of the concepts of economic governance, participation, development, clusters and industrial districts, and also the potential of regulation and an active industrial policy in these areas. They will able to clearly distinguish between different types of governance mechanisms (such as hierarchical and heterarchical governance structures), analyse the implications of these structures, and identify the issues that policy makers face in dealing with the concentration of market power in the global economy.
Furthermore, students completing this unit will also be able to make a reasoned and in-depth analysis at an advanced level, of governance related issues such as those that relate to the private sector's provision of particular products and services (e.g. electricity and tobacco), the influence of transnational corporations upon sustainable economic and social development at national and regional levels, and the impact of supranational institutions (e.g. IMF, World Bank and the UN). In doing so, students should be able to draw (through wider reading) and make appropriate links between disparate literatures in management, economics, social science, and other areas in relation to the salient issues.

Skills: Critical and analytical thinking, literature research methods, the ability to frame and argument, debate skills, and the practical application of theoretical concepts (F/A).

Content: Strategic decision-making, strategic failure, economic governance, development, participation, industrial districts and clusters. Industrial policy, sectoral analysis, regulation.

Programme availability:

MN50471 is Optional on the following programmes:

School of Management


  • This unit catalogue is applicable for the 2021/22 academic year only. Students continuing their studies into 2022/23 and beyond should not assume that this unit will be available in future years in the format displayed here for 2021/22.
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