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 assignmen

Objective

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

Course competences

Business competence
- The student has key knowledge of theories related to the specialisation option.
- The student has at least the skills of an advanced beginner in the practical work tasks of the specialization option.
Learning to learn
-is able to acquire, critically evaluate and appropriately apply the national and international knowledge base and practices of his/her own field.
- also takes responsibility for group learning and sharing what has been learned.
Proactive development
- is able to apply existing knowledge in the field and utilise research and development methods.

The learning objectives of the course
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

Location and time

Timetable 25.8.2025 - 28.11.2025

Materials

Pohjola, M. 2019. 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 in Exam

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 know the most important basic concepts of the national economy and know how the economic system works and You understand the key interdependencies between economies. You recognize current economic trends Phenomena.

Satisfactory 2
You know the most important basic concepts of economics and know how the economic system works and You understand the key interdependencies between economies. You are able to apply knowledge to different types of economics Situations. You recognize current economic phenomena.

Assessment criteria, good (3)

Good 3
Course You know the most important basic concepts of economics and know how the economic system works and You understand the key interdependencies between economies. You are able to apply and analyze data from different economic situations. You recognize current economic phenomena.

Very good 4
You have a comprehensive knowledge of the basic concepts of economics and know how the economic system works and understand deeply interdependencies between economies. You are able to apply and analyze data from different economic sectors Situations. You recognize current economic phenomena.

Assessment criteria, excellent (5)

Excellent 5
You have a comprehensive knowledge of the basic concepts of economics and know how the economic system works and understand deeply interdependencies between economies. You are able to apply and analyze data from different economic sectors Situations. You recognise current economic phenomena and their impact on the economy. You are able to: make well-founded analyses of the economy

Further information

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