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Information and Markets DynamicsLaajuus (5 ECTS)

Course unit code: L01AAA13

General information

Credits: 5 ECTS

Objective

The student is able to apply concepts of economic theory when analysing the mechanisms of value creation and market formation. S/he understands impacts of incomplete information on business start-ups and running a business as well as on market dynamics.
The student understands how vital systematic sourcing of information is for business, and s/he is familiar with some systematic ways of producing such information internally and externally.

Content

- Consumer theory
- Focal point
- Critical mass
- Networking
- Market structures
- Business cost
- Basics of Game Theory
- Agent – Client Relation
- Moral Loss
- Signal Model
- Business Intelligence

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

Further information

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