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EconomicsLaajuus (5 cr)

Code: LB10018

Credits

5 op

Teaching language

  • English

Responsible person

  • Teppo Tarnanen

Objective

You understand basic phenomena in an economy, and how different groups of economic actors (consumers, firms, the public sector) interact and influence each other. You understand determination of a market price in the interaction of demand and supply. You understand principles of economic policy (fiscal policy, monetary policy). You understand the importance of internationalisation and globalisation for an open economy such as Finland.

You are able to use the basic concepts of economics accurately. You are able to use the demand and supply framework. You are able to identify different competitive situations in a market. You are able to analyse a current economic situation and trends using relevant indicators and evaluate their impact on a given industry. You are able to search for additional information on the subject matter from relevant sources.

Content

- Basic micro and macro economic phenomena and related terminology
- Functioning of a market
- Demand and supply analysis
- Principles of economic policy (fiscal policy, monetary policy)
- Opportunities and threats of internationalisation and globalisation
- Exchange rate, trade and competitiveness

Enrollment

01.10.2024 - 31.10.2024

Timing

10.02.2025 - 16.05.2025

Number of ECTS credits allocated

5 op

Mode of delivery

Contact teaching

Campus

Wärtsilä Campus Karjalankatu 3

Teaching languages
  • English
Seats

20 - 50

Degree programmes
  • Degree Programme in International Business
Teachers
  • Teppo Tarnanen
Teacher in charge

Teppo Tarnanen

Groups
  • LBNS24
    Bachelor of Business Administration, International Business, Fall, 2024

Objective

You understand basic phenomena in an economy, and how different groups of economic actors (consumers, firms, the public sector) interact and influence each other. You understand determination of a market price in the interaction of demand and supply. You understand principles of economic policy (fiscal policy, monetary policy). You understand the importance of internationalisation and globalisation for an open economy such as Finland.

You are able to use the basic concepts of economics accurately. You are able to use the demand and supply framework. You are able to identify different competitive situations in a market. You are able to analyse a current economic situation and trends using relevant indicators and evaluate their impact on a given industry. You are able to search for additional information on the subject matter from relevant sources.

Content

- Basic micro and macro economic phenomena and related terminology
- Functioning of a market
- Demand and supply analysis
- Principles of economic policy (fiscal policy, monetary policy)
- Opportunities and threats of internationalisation and globalisation
- Exchange rate, trade and competitiveness

Teaching methods

Students will familiarise themselves with basic micro and macro economic phenomena, learn to assess their relevance from the point of view of a firm and an industry, and learn to use terminology correctly. Examples of content items: functioning of a market, demand and supply analysis, principles of economic policy (fiscal policy, monetary policy), opportunities and threats of internationalisation and globalisation, competitiveness of a country.

Evaluation scale

H-5

Enrollment

01.10.2023 - 31.10.2023

Timing

12.02.2024 - 10.05.2024

Number of ECTS credits allocated

5 op

Mode of delivery

Contact teaching

Campus

Wärtsilä Campus Karjalankatu 3

Teaching languages
  • English
Seats

30 - 45

Degree programmes
  • Degree Programme in International Business
Teachers
  • Teppo Tarnanen
Teacher in charge

Teppo Tarnanen

Groups
  • LBNS23
    Bachelor of Business Administration, International Business, Fall, 2023

Objective

You understand basic phenomena in an economy, and how different groups of economic actors (consumers, firms, the public sector) interact and influence each other. You understand determination of a market price in the interaction of demand and supply. You understand principles of economic policy (fiscal policy, monetary policy). You understand the importance of internationalisation and globalisation for an open economy such as Finland.

You are able to use the basic concepts of economics accurately. You are able to use the demand and supply framework. You are able to identify different competitive situations in a market. You are able to analyse a current economic situation and trends using relevant indicators and evaluate their impact on a given industry. You are able to search for additional information on the subject matter from relevant sources.

Content

- Basic micro and macro economic phenomena and related terminology
- Functioning of a market
- Demand and supply analysis
- Principles of economic policy (fiscal policy, monetary policy)
- Opportunities and threats of internationalisation and globalisation
- Exchange rate, trade and competitiveness

Teaching methods

Students will familiarise themselves with basic micro and macro economic phenomena, learn to assess their relevance from the point of view of a firm and an industry, and learn to use terminology correctly. Examples of content items: functioning of a market, demand and supply analysis, principles of economic policy (fiscal policy, monetary policy), opportunities and threats of internationalisation and globalisation, competitiveness of a country.

Evaluation scale

H-5

Enrollment

01.10.2022 - 03.02.2023

Timing

13.02.2023 - 14.05.2023

Number of ECTS credits allocated

5 op

Mode of delivery

Contact teaching

Campus

Wärtsilä Campus Karjalankatu 3

Teaching languages
  • English
Seats

20 - 50

Degree programmes
  • Degree Programme in International Business
Teachers
  • Teppo Tarnanen
Teacher in charge

Teppo Tarnanen

Groups
  • LBNS22
    Bachelor of Business Administration, International Business, Fall, 2022

Objective

You understand basic phenomena in an economy, and how different groups of economic actors (consumers, firms, the public sector) interact and influence each other. You understand determination of a market price in the interaction of demand and supply. You understand principles of economic policy (fiscal policy, monetary policy). You understand the importance of internationalisation and globalisation for an open economy such as Finland.

You are able to use the basic concepts of economics accurately. You are able to use the demand and supply framework. You are able to identify different competitive situations in a market. You are able to analyse a current economic situation and trends using relevant indicators and evaluate their impact on a given industry. You are able to search for additional information on the subject matter from relevant sources.

Content

- Basic micro and macro economic phenomena and related terminology
- Functioning of a market
- Demand and supply analysis
- Principles of economic policy (fiscal policy, monetary policy)
- Opportunities and threats of internationalisation and globalisation
- Exchange rate, trade and competitiveness

Materials

Material in Moodle. Other material specified in the beginning of the course.

Teaching methods

Students will familiarise themselves with basic micro and macro economic phenomena, learn to assess their relevance from the point of view of a firm and an industry, and learn to use terminology correctly. Examples of content items: functioning of a market, demand and supply analysis, principles of economic policy (fiscal policy, monetary policy), opportunities and threats of internationalisation and globalisation, competitiveness of a country.

Evaluation scale

H-5