Macroeconomics and International Trade PractisesLaajuus (5 cr)

Objective

  At the end of the study unit, the student is expected to be able to:   - describe the structure and functions of the national economy - represent and explain economic phenomena by graphs - assess national performance by indicators of national-income accounting - recognize the flows of  global capital and factors of production - asses the risks to  international trade (export and import) - produce and use  the main international trade documents in practice

Content

Content: - the circular flow of the national economy - national-income accounting - the essentials of the fiscal and monetary policy - risk managent of international trade - market entry modes in international trade - foreign trade documentation - essential of customs clearance processes - international payment options - the obligations and responsibilities of the forwarding companies in export and import cases    

Assessment criteria, good (3)

Assessment:   excellent (5), good (4-3), satisfactory (2-1), fail (0)