Economics (5 cr)

Evaluation scale

0-5

Content scheduling

The course includes independent familiarization with literature and videos as well as lectures and exercises and assignments.

Objective

The object of the course
After completing the course, you master the essentials of basic concepts of economics.

Course competences
Internationalisation and multiculturalism
Business competence


During this course, you will study the basic concepts of economics and are able to identify topical phenomena in micro and macroeconomics. You are familiar with the most important basic concepts of economics, know how the economic system works and understand the most important interdependencies of the national economy. You recognise topical economic phenomena.

Content

During the course, the basics of micro and macroeconomics and topical economic phenomena will be discussed.

During the course will be discuss next issues: basic concepts of economics, marginal concepts, demand and supply curves, elasticity, different market situations, national accounts, economic growth and business cycle, employment and changes of the prices, financial market and monetary policy

Materials

Pohjola, M. 2013. Taloustieteen oppikirja. Sanoma Pro Oy.

Teaching methods

Lectures
Books
Video materials
Learning tasks

Employer connections

Possible company visitors will be confirmed during the course.

Exam schedules

Exam will be held on week 48. Two resit examinations will be held according to Degree Regulations and the dates will be confirmed during the course.

Completion alternatives

A corresponding course completed in another university may be accredited partially or completely. Competence acquired through informal learning may be recognized and accredited on the basis of competence test. More precise instructions can be found in Degree Regulations and in Study Guide.

Student workload

Allocation of time on various tasks and student work load in total 135 h
Lectures 21 h
Independent familiarization with literature and videos 54 h
Independent exercises and assignments 60 h

Assessment criteria, satisfactory (1)

Adequate 1
You are familiar with the most important basic concepts of economics, know how the economic system works and understand the most important interdependencies of the national economy. You recognise topical economic phenomena.

Satisfactory 2
You are familiar with the most important basic concepts of economics, know how the economic system works and understand the most important interdependencies of the national economy. You are able to apply the knowledge in different economic situations. You recognise topical economic phenomena.

Assessment criteria, good (3)

Good 3
You are familiar with the most important basic concepts of economics, know how the economic system works and understand the most important interdependencies of the national economy. You are able to apply and analyse the knowledge in different economic situations. You recognise topical economic phenomena.

Very Good 4
You have comprehensive knowledge of the basic concepts of economics, know how the economic system works and have an in-depth understanding of the interdependencies of the national economy. You are able to apply and analyse the knowledge in different economic situations. You recognise topical economic phenomena.

Assessment criteria, excellent (5)

Excellent 5
You have comprehensive knowledge of the basic concepts of economics, know how the economic system works and have an in-depth understanding of the interdependencies of the national economy. You are able to apply and analyse the knowledge in different economic situations. You recognise topical economic phenomena and their effect on the economy. You are able to make well-reasoned analyses of the economy.

Qualifications

-

Further information

The assessment of the course:
1) exercises and assignments 40%
2) exam 60 %