EconomicsLaajuus (5 cr)

Objective

You can describe how the modern market economy functions and influences business decisions.

You can analyse the impact of supply and demand on market prices, the driving forces that cause economic fluctuations, and how economics applies to everyday life.

You can explore topics related to scarcity, supply and demand, costs and benefits, trade-offs, and incentives.

You can examine the reasons behind, for example, income inequality and the quality of the environment, unemployment, financial crises, technological change, and other economic issues.

Content

How does the modern market economy function and influence business decisions?
How do supply and demand impact prices?
Which driving forces cause fluctuations in the economy, and how does economics apply to everyday life?
How do scarcity, supply and demand, costs and benefits, trade-offs, and incentives impact decision-making?
What are the reasons behind, for example, income inequality and the quality of the environment, unemployment, financial crises, technological change, and other economic issues?

Evaluation

Students can 
a. expertly use professional vocabulary and concepts in different situations. 
b. look for information in the key information sources. 
d. assess economic situations and analyse them following the economic principles  
g. apply critically the ethical principles of the professional field in different situations.