Business Environment (7 op)

Arviointiasteikko

H-5

Tavoitteet

The module of business environment includes two elements: Economics (5 credits) and Statistical Literacy (2 credits).

Economics: You are able to analyse the relationship between the economic business environment and a company's performance, to describe principles of the basic economic theory with the help of accurate concepts, to analyse business cycles, to retrieve, express and interpret relevant economic information.

Statistical Literacy: You discover the use of statistical information for professional and personal decisions, recognise relevant sources of business related data and information, as well as learn to communicate the statistical information, ie. to interpret and present the information in a clear way.

Sisältö

Economics:
- Economic choice
- Dynamics of business environment
- Functioning of the market system
- Imperfections of the market and government's interventions
- Determination of business cycles
- Money; interest rate and inflation
- Stabilisation policy
- Structural change of the economy
- Environment and society
- Sources of economic data and information

Statistical Literacy:
- Importance of secondary data in business
- Relevant sources of economic data and information
- Description of information in professional way
- Utilisation of Excel in drawing charts

Oppimateriaalit

Economics: Begg, Fischer & Dornbusch. Economics. McGraw-Hill (any edition), or any introductory text book in economics. Articles and statistical material to be found on the Internet. Handouts published in Moodlerooms..Statistical Literacy: Handout published in Moodlerooms, and other study material to be found in the Internet.

Opetusmenetelmät

The module of business environment includes two elements: Economics (5 credits) and Statistical Literacy (2 credits).

Economics: The student recognises the link between the economic business environment and a company´s performance, and is able to describe principles of the basic economic theory with the help of accurate concepts, to analyse business cycles, to retrieve, express and interpret relevant economic information.

Statistical Literacy: Student discovers statistical information for professional and personal decisions,recognises relevant sources of business related data and information, as well as learns to communicate the statistical information, ie. to interpret and present the information in a clear way. The course doesn't cover statistical methods, for which there will be a dedicated course.

Core content
Economics: Economic choice, Dynamics of business environment, Functioning of the market system. Imperfections of the market and government´s interventions. Determination of business cycles. Money; interest rate and inflation. Stabilisation policy. Structural change of the economy. Environment and society, Sources of economic data and information,

Statistical Literacy: Importance of secondary data in business, relevant sources of economic data and information, description of information in professional way, utilisation of Excel in drawing charts.

Opiskelijan ajankäyttö ja kuormitus

The total workload of 188 hours is devided between elements as follows: Economics totally 135 hours (lectures and exam 46 h, readings and assignment 89 h); Statistical Literacy totally 54 hours (lectures 8 hours and assignment 46h).