EconomicsLaajuus (5 cr)

Objective

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

Course competences
Internationalisation and multiculturalism
Business competence


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

Qualifications

-

Assessment criteria, satisfactory (1)

Adequate 1
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.

Satisfactory 2
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 are able to apply the knowledge in different economic situations. You recognise topical economic phenomena.

Assessment criteria, good (3)

Good 3
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 are able to apply and analyse the knowledge in different economic situations. You recognise topical economic phenomena.

Very Good 4
You have comprehensive knowledge of the basic concepts of economics, know how the economic system works and have an in-depth understanding of the interdependencies of the national economy. You are able to apply and analyse the knowledge in different economic situations. You recognise topical economic phenomena.

Assessment criteria, excellent (5)

Excellent 5
You have comprehensive knowledge of the basic concepts of economics, know how the economic system works and have an in-depth understanding of the interdependencies of the national economy. You are able to apply and analyse the knowledge in different economic situations. You recognise topical economic phenomena and their effect on the economy. You are able to make well-reasoned analyses of the economy.