Macroeconomics and international tradeLaajuus (5 cr)

Objective

After completing the ocurse, the student is able to:
- describe the structure and functions of national economy
- present and explain economic phenomena by graphs
- assess national economic performance by means of national income accounting indicators
- recognize the global flows of capital and factors of production
- asses the risks in international trade (export and import)
- produce and interpret the main documents in international trade

Content

What is the national economy circular flow model?
Whatr systems are used for national income accounting?
What are the essential objectives and methods of fiscal and monetary policies?
How is risk management arranged in international trade?
What are the market entry modes in international trade?
How is foreign trade documented?
What are the most typical customs clearance processes?
What are the most typical international payment options?
What are the obligations and responsibilities of the forwarding companies in export and import?