EconomicsLaajuus (3 ECTS)

Objective

- The student understands basic concepts of the economy and is able to apply them as a member of society and as an employee.

- The student recognises various interdependencies between micro- and macroeconomics and knows how to analyse their effects on organisations.

- The student knows the fundamental mechanisms of business economics and is able to form an overall picture of business

- The student understands the working properties of the economy.

Content

- Introduction to micro- and macroeconomics, GDB, capital flow, taxation, public spending, financial politics, money, interest and monetary politics, supply side politics, Keynesianism, monetarism and alternative theoretical approaches.

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.