Economics (5 cr)
Code: LX00BM22-3047
General information
Enrollment
02.05.2019 - 12.08.2019
Timing
27.08.2019 - 09.12.2019
Number of ECTS credits allocated
5 op
Mode of delivery
Contact teaching
Unit
School of Business
Campus
Leiritie 1
Teaching languages
- Finnish
Seats
20 - 35
Degree programmes
- Economics and Business Administration
Teachers
- Marko Kosonen
Teacher in charge
Marko Kosonen
Groups
-
LXD19S1_3LXD19S1_3
Objective
The student will be able to:
- conduct analyses of business behaviour
- evaluate economic policy measures and economic forecasts
- relate economic variables to business strategy
- diversity
Content
Introductory microeconomics
- supply and demand analysis
- market structures and industry analysis
- production and costs
- market failure
Introductory macroeconomics
- the circular flow of income
- fiscal policy
- money, interest and monetary policy
the relationships between macroeconomic variables
Diversity
Assessment criteria, satisfactory (1)
Students have achieved the course objectives fairly. Students will be able to identify, define and use the course subject area’s concepts and models. The student understands the criteria and principles of the expertise development.
Assessment criteria, good (3)
Students have achieved the course objectives well, even though the knowledge and skills need improvement on some areas. Students are able to define the course concepts and models and are able to justify the analysis. The student is able to apply their knowledge in leisure, study and work situations. The student understands the importance of expertise in the field of business and is able to analyze his/her own expertise.
Assessment criteria, excellent (5)
Students have achieved the objectives of the course with excellent marks. Students master commendably the course subject area’s concepts and models. Students are able to make justified and fluent analysis and to present concrete development measures. The students are well prepared to apply their knowledge in leisure, study and work situations. Students are able to analyze the business sector expertise and the evolvement of their own expertise.
Assessment criteria, approved/failed
Students have achieved the course objectives fairly. Students will be able to identify, define and use the course subject area’s concepts and models. The student understands the criteria and principles of the expertise development.