Business EconomicsLaajuus (5 ECTS)

Objective

The student understands the essential concepts of business and the context in which it operates; understands different forms of business enterprises and practices; knows and understands the main drivers and trends in business; knows the concepts of opportunity and risk in the business environment; can apply the acquired knowledge in operation.

Content

- Consumer and production theory
- Managerial objectives and competitive strategy
- Market analysis and price determination
- Current issues in business environment

Assessment criteria, satisfactory (1)

Sufficient performance: the student has completed basic requirements to pass the course and has demonstrated some ability to apply knowledge in the learning assignments related to working life. His/her analytical skills and/or the development approach need major improvement.

Assessment criteria, good (3)

Good overall performance by the student in course work. The student has been an active learner as an individual and in teams. S/he has demonstrated how to apply knowledge in the learning assignments related to analysing and developing working life.

Assessment criteria, excellent (5)

The student has shown excellent performance in all elements of the course. S/he has shown motivation and interest in individual and team learning as well as in sharing one’s expertise. The student has demonstrated well and creatively how to apply knowledge in the learning assignments related to analysing and developing working life.

Assessment criteria, approved/failed

Sufficient performance: the student has completed basic requirements to pass the course and has demonstrated some ability to apply knowledge in the learning assignments related to working life. His/her analytical skills and/or the development approach need major improvement.

Further information

The course is assessed on the 0 (failed) – 5 (excellent) grading scale.