Economics and global operational environment (5 cr)

Objective

You are able to recognise the key economic phenomena and the interrelationships between them.
You can demonstrate your understanding of different parts of micro and macroeconomics.
You can evaluate the effects of economic events on companies and customers.
You are able to explain the influences of economic policy on different sectors of society.
You can demonstrate your understanding of the global economy.

Content

What does the economy consist of?
What are the different areas of microeconomics and macroeconomics?
How do the different economic events affect companies and consumers?
How do economic policies affect the various sectors of society?
How does a company operate in the global market?

Course material

- Book: Lindholm and Kettunen: Globaali kansantalous, Edita.
- Other material distributed by the teacher and presented on the course pages in Learn.

Study forms and methods

Independently completed online course. No group work. Kick-off event and contact events online. Completion of the course does not require participation in teaching.

Your studies will be paced according to voluntary group meetings in accordance with the rules of procedure, independent learning assignments and preparation for exams.

Teaching and guidance consists of online remote meetings and various material attached to the course's Learn pages.

The language of implementation and instruction of the course is Finnish.

RDI and work-related cooperation

The course includes topics related to working life and productivity development. The course does not include special supervised research, development and innovation cooperation and working life cooperation. Guest lectures possible.

Timing of exams and assignments

The deadlines for exams, written assignments and other assignments are announced on the course pages in Learn.

The dates of the online meetings will be announced on the course website in Learn.

International cooperation

The course includes a section on international economics. The course does not include supervised international cooperation.

Student workload

133 hours. Includes, above all, assignments, familiarization with exam literature and other materials.

Successful completion of the course is largely based on the student's own active study and work.

Course part description

Parts of implementation:
- Microeconomics
- Macroeconomic

These:
- Two main exams: Microeconomics and Macroeconomics
- Refresher exams or assignments for lecture and other learning materials
- 1-2 written assignments

Further information

The language of implementation and instruction of the course is Finnish.

Evaluation scale

1-5

Assessment methods and criteria

The total score of points obtained for exams, short refresher assignments and written assignments determines the grade achieved. Total score maximum 100 points.

Rating scale:

Assessment - total scores and ratings
0-39 p/% = 0
40-52 p/% = 1
53-64 p/% = 2
65-76 p/% = 3
77-88 p/% = 4
89-100 p/% = 5