Introduction to Economics (4cr)
Code: KD19APKT013-3002
General information
- Enrollment
- 01.09.2017 - 15.09.2017
- Registration for the implementation has ended.
- Timing
- 04.09.2017 - 15.12.2017
- Implementation has ended.
- Number of ECTS credits allocated
- 4 cr
- Local portion
- 4 cr
- Mode of delivery
- Contact learning
- Teaching languages
- English
- Degree programmes
- Bachelor of Business Administration, International Business
- Teachers
- Jarmo Nummela
- Course
- KD19APKT013
Evaluation scale
1-5
Content scheduling
1. The scope of economics
2. How markets work
3. Households, Firms and Markets
4. Government role and national accounts
5. Economic growth, sustainable development, unemployment
6. Basics of monetary & fiscal policies
7. Open economy
8. Eu, Euro and Fiscal policy
9. EXAM ( last contact lession)
Objective
- Student can interpret the basic fundamental concepts of economics.
- Student can define the basic features of micro- and macroeconomics.
- Student can present the basic structures, current status and development directions of economics.
- Student can explain the connection between the company activities and the economics entirety
Content
- Basic concepts of national economy
- Growth in the economy and economic fluctuations
- Different economic systems
- Basics of micro and macro economy monetary systems and inflation
Materials
- Lecture materials
- Other material announced by the lecturer
- Course book on selected parts:
N Gregory Mankiw and Mark Taylor (2011 or newer) Economics. Cengage Learning
Teaching methods
- Lectures 24 h
- Group work
- Independent studies
- Independent assignment (1)
- Group work assignment presented in the class (2)
- Individual Exam (3)
Employer connections
None
Exam schedules
Exam on last contact lesson
International connections
None
Completion alternatives
None
Student workload
- Lectures and seminar 24 h, independent studying including writing assignment 84 h
Assessment criteria, satisfactory (1)
Student can satisfactory interpret the basic fundamental concepts of economics. Student can satisfactory define the basic features of micro- and macroeconomics. Student can satisfactory present the basic structures, current status and development directions of economics. Student can satisfactory explain the connection between the company activities and the economics entirety.
Assessment criteria, good (3)
Student can interpret well the basic fundamental concepts of economics. Student can define well the basic features of micro- and macroeconomics. Student can satisfactory present the basic structures, current status and development directions of economics. Student can explain well the connection between the company activities and the economics entirety.
Assessment criteria, excellent (5)
Student can interpret excellently the basic fundamental concepts of economics. Student can define excellently the basic features of micro- and macroeconomics. Student can satisfactory present the basic structures, current status and development directions of economics. Student can explain excellently the connection between the company activities and the economics entirety.
Qualifications
No previous studies are required.