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Programme & Unit Catalogues

MN30371: Economic governance and industrial policy

[Page last updated: 23 August 2022]

Academic Year: 2022/23
Owning Department/School: School of Management
Credits: 6 [equivalent to 12 CATS credits]
Notional Study Hours: 120
Level: Honours (FHEQ level 6)
Semester 2
Assessment Summary: EX 100%
Assessment Detail:
  • Examination (EX 100% - Qualifying Mark: 35)
Supplementary Assessment:
Like-for-like reassessment (where allowed by programme regulations)
Requisites: Before taking this unit you must take an introductory course in Business Economics (e.g. MN10574 or MN10070 or MN10567).
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 be able to clearly distinguish between different types of governance structures (i.e. hierarchical and heterarchical 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 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 will be able draw upon (through wider reading) and make appropriate links between disparate literatures in management, economics, social science, and other areas in relation to the salient issues.

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 possible forms of economic governance, and the challenges that policy-makers face in determining and achieving the public interest.

Skills: Critical and analytical thinking, literature research methods, the ability to frame an 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:

MN30371 is Optional on the following programmes:

School of Management
  • UMMN-ANB01 : BSc(Hons) Business Administration with Thin sandwich placement(s) (Year 4)
  • UMMN-AYB06 : BSc(Hons) International Management with Year Abroad (Year 4)
  • UMMN-AFB04 : BSc(Hons) Management (Year 3)
  • UMMN-AKB04 : BSc(Hons) Management with Year long work placement (Year 4)
  • UMMN-AKB05 : BSc(Hons) Management with Marketing with Year long work placement (Year 4)
Department of Politics, Languages and International Studies
  • UXXX-AYB05 : BSc(Hons) International Management and Modern Languages (French) with Year Abroad (Year 4)
  • UXXX-AYB04 : BSc(Hons) International Management and Modern Languages (German) with Year Abroad (Year 4)
  • UXXX-AYB06 : BSc(Hons) International Management and Modern Languages (Spanish) with Year Abroad (Year 4)


  • This unit catalogue is applicable for the 2022/23 academic year only. Students continuing their studies into 2023/24 and beyond should not assume that this unit will be available in future years in the format displayed here for 2022/23.
  • Programmes and units are subject to change in accordance with normal University procedures.
  • Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.
  • Find out more about these and other important University terms and conditions here.