Business EconomicsLaajuus (4 op)

Osaamistavoitteet

Upon completing this course the student will: - recognise scarcity and choice as the sources of market power - understand how companies create and exploit market power - understand the various types of intra-industry competition - understand the impact of market structures on business behaviour - relate key economic concepts to consumption and business practices - understand the relationships between macroeconomic variables - understand the impact of economic policy on consumption, firms and industries ----- Students will be able to - explain key concepts and ideas of economics - conduct economic analysis of price and cost changes - interpret critically market surveys and economic forecasts - evaluate economic policy measures and their impact on market sentiment - relate economic variables to industries and their location/growth - define main ideas behind economic policy measures

Sisältö

Introductory microeconomics - supply and demand analysis - elasticity - market structures - production and costs Industry analysis and firm strategy Market failure, competition policy Introductory macroeconomics - national income and the circular flow - fiscal policy - money, interest, and monetary policy - supply side measures - Keynesian vs. monetarist theoretical approaches - inflation and unemployment International trade Balance of payments and exchange rates ----- Lectures, group projects