you can only link adword account with analytics account, for only 1 campaign TAG the landing page URL's in adwords with GA variables... for more see this : google.com/support/analytics/bin/answer.py?hl=en-us&answer=55578 Once you have all the links tagged in the campaign their data will show in analytics just like a linked account.
yes. its possible to track outsourced adwords campaign in to analytics. just do one thing check into Adwords tab there you can able to see your keyword performance in analytics. or 1) Ask people to whom you outsourced your adwords campaign for login details and there you can also show statics about adwords campaigns if you selected option for auto tagging with analytics. it means if you allow to do share your adwords data with then you can get information about your adwords account within google analytics.