EconomicsLaajuus (4 cr)

Objective

Upon completion of the course, students will understand the principles of the national economy and the principles of a market-oriented society. Students will understand the principles of sustainable development from three perspectives: social, ecological and economic.

Content

• The revolution of capitalism
• Technology, population and growth
• Scarcity, choice and work
• Interaction and decision-making
• Property and power: mutual benefits and conflicts
• Company: owners, managers, employees
• The company and its customers
• Supply and demand: price takers and competitive markets
• Labour market: wages, profits and unemployment
• Banks, money and credit markets
• Price setting and market dynamics
• Markets, efficiency and policy
• Cyclical fluctuations and unemployment
• Unemployment and fiscal policy
• Inflation, unemployment and monetary policy
• Technological development, employment and rising living standards in the long term
• Theme: The Great Recession, the golden age and the global financial crisis
• Theme: National economies in the global economy
• Theme: Inequality
• Theme: Environmental economics
• Theme: innovation, knowledge and the network economy
• Theme: Economics and politics
• Sustainable development: a social perspective
• Sustainable development: an ecological perspective
• Sustainable development: an economic perspective

Assessment criteria, satisfactory (1)

The student
• has achieved the objectives of the course
• is able to identify, define and use concepts and models in the subject area of the course
• understands the conditions and principles of the development of expertise.

Assessment criteria, good (3)

The student
• has achieved the objectives of the course well, although there are still areas where knowledge and skills need to be improved
• has a good understanding of the concepts and models of the subject matter of the course and is able to carry out a reasoned analysis
• is able to apply what they have learned in learning and working life situations
• understands the importance of expertise in the ICT field and is able to analyse their own expertise.

Assessment criteria, excellent (5)

The student
• has achieved the objectives of the course with excellent marks
• has an excellent command of the concepts and models of the subject matter of the course
• is able to analyse clearly and reasonably and propose practical development measures
• has a good ability to apply what they have learned in learning and working life situations
• is able to analyse expertise in the ICT field and their own development towards expertise.

Assessment criteria, approved/failed

The student
• has achieved the objectives of the course
• is able to identify, define and use concepts and models in the subject area of the course
• understands the conditions and principles of the development of expertise.