Economics of Wellbeing ManagementLaajuus (5 cr)

Objective

The student masters the key concepts of financial management and is familiar with the basics of economic organisation in the health care and social services system. The student is able to estimate the costs, impact and efficiency of health care and social services and knows the key factors affecting them.

The student is able to assess their organisation’s financial position and knows their responsibility in financial management. The student is able to utilise statistics and data generated by their organisation’s financial administration as a support for management.

The student knows how to stay updated on the buyer and supplier market for procurements in the field of health care and social services and is familiar with the tendering processes for public procurements.

Content

- Basics of public finances and health economics
- Key concepts of financial management
- Economy, efficiency and cost impacts
- Monitoring and assessment of finances
- Public procurements

Assessment criteria, satisfactory (1)

The student demonstrates that they understand the basic content of the course but there are shortcomings in their ability to independently acquire and interpret information and apply what they have learned.

Assessment criteria, good (3)

The student demonstrates that they have a good understanding of the content of the course. They actively acquire information and interpret the key connections between different pieces of information. The student has the ability to analyse what they have learned and to apply it in practice.

Assessment criteria, excellent (5)

The student demonstrates that they have a diverse and broad understanding of the content of the course. They possess excellent information acquisition skills that are suited to the purpose at hand. The student demonstrates independence and responsibility in the choices they make. They have a creative and broad-based ability to apply what they have learned in practice.

Assessment criteria, approved/failed

Approved: The student demonstrates that they understand the basic content of the course but there are shortcomings in their ability to independently acquire and interpret information and apply what they have learned in practice.

Further information

RPL This course can be accredited with prior Master’s degree level studies (financial and public administration) the contents of which correspond to the contents of this course, or with strong competence with similar content acquired in other ways, for example through working as a manager in charge of financial administration.