Economics (5 ECTS)

Code: LC00EG64-3002

General information

Enrollment: 03.05.2021 - 27.08.2021; Registration for the implementation has ended.

Timing: 30.08.2021 - 19.12.2021; Implementation has ended.

Number of ECTS credits allocated: 5 ECTS

Mode of delivery: On-campus

Campus: Leiritie 1

Teaching languages: English

Seats: 20 - 100

Degree programmes: Degree Programme in European Business Administration

Teachers: Michael Keaney

Teacher in charge: Suvi Moll

Groups: LXC21_B
Half of LXC21 cohors present, GROUP B; LXC21_A
Half of LXC21 cohors present, GROUP A; LXA21_B
Half of LXA21 cohorts present, GROUP B; LXA21_A
Half of LXA21 cohorts present, GROUP A

Course: LC00EG64

No reservations found for implementation LC00EG64-3002!

Learning outcomes

The student is able to conduct analyses of business and buyer behaviour and evaluate economic policy measures and economic forecasts. The student is able to relate economic variables to business strategy and understands complexity of relationships between economic variables and the wider social impact of business and consumer decisions.

Content

Introductory microeconomics

-supply and demand analysis
- market structures and industry analysis
- production and costs
- market failure

Introductory macroeconomics

- the goals of economic policy
- the circular flow of income
- fiscal policy
- money, interest and monetary policy
- the relationships between macroeconomic variables and government policy

Evaluation scale

0-5

Assessment criteria, satisfactory (1)

The student has achieved the course objectives fairly. The student 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)

The student has achieved the course objectives well, even though the knowledge and skills need improvement on some areas. The student is able to define the course concepts and models and are able to justify the analysis. The student is able to apply his/her 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)

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

Assessment criteria, approved/failed

The student has achieved the course objectives fairly. the student 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.