Study Guide

Objective

On completion of the course the student understands policies of the national economy and the principles of a market-driven society.

Content

- Capitalism's Reversal of Power
- Technology, Population and Growth Network Address
- Scarcity, selection and work network address
- Interaction and decision-making
- Property and Power: Mutual Benefit and Conflicts
- Banks, money and credit markets
- Pursuit of overyield, price setting and market dynamics
- Cyclical fluctuation and unemployment
- Unemployment and fiscal policy
- Technological advances, employment and rising living standards in the long term
- Theme: The Great Depression, the Golden Age and the Global Financial Crisis
- Theme: National economies in the global economy
- Theme: social inequality
- Theme: Environmental economics
- Theme: Innovation, Information and Network Economy
- Theme: Economics and Politics

Assessment criteria, satisfactory (1)

Student has achieved the course objectives. Student will be able to identify, define and use the course subject area’s concepts and models. Student understands the criteria and principles of the expertise development.

Assessment criteria, good (3)

Student has achieved the course objectives well, even though the knowledge and skills need improvement on some areas. Student is able to define the course concepts and models and is able to justify the analysis. Student is able to apply his/her knowledge in study and work situations. Student understands the importance of expertise in the field of information and communication technology and is able to analyze his/her own expertise.

Assessment criteria, excellent (5)

Student has achieved the objectives of the course with excellent marks. Student masters commendably the course subject area’s concepts and models. Student is able to make justified and fluent analysis and to present concrete development measures. Student is well prepared to apply his/her knowledge in study and work situations. Student is able to analyze expertise in the information and communication technology sector and the development of his/her own expertise.

Assessment criteria, approved/failed

Student has achieved the course objectives. Student will be able to identify, define and use the course subject area’s concepts and models. Student understands the criteria and principles of the expertise development.