Principles of Economics (5 op)

Arviointiasteikko

H-5

Sisällön jaksotus

•basic concepts and explanatory models of economics
•market structures and the modes of competition
•income and output of nations; macroeconomic data, output determination, fiscal policy, foreign trade
•money and banking, interest rates, aggregate demand and output
•aggregate supply, inflation and unemployment

Tavoitteet

After completing this course the student is able
- to interpreteconomic information, news or media
- to explain the fundamental concepts in economics
- to usethe terminology correctly in speech and writing
- to negotiate for financing

Sisältö

- basic concepts and explanatory models of economics
- market structures and the modes of competition
- income and output of nations; macroeconomic data, output determination, fiscal policy, foreign trade
- money and banking, interest rates, aggregate demand and output
- aggregate supply, inflation and unemployment

Oppimateriaalit

voluntary e-book
https://saylordotorg.github.io/text_economics-theory-through-applications/index.html

Toteutuksen valinnaiset suoritustavat

none

Opiskelijan ajankäyttö ja kuormitus

The course consist two main element.
1.Individual study and exam. (weight 1)
2. Assignment (group work) (weight 1)
a) Study about economists (eval. pass/fail)
b) Economy Metric (eval. 1-5)
Both elements are graded 1-5. => Grade to total course.
50% study from the book / 90 hours
50% work on applied questions / 40 hours

Arviointimenetelmät ja arvioinnin perusteet

The course is evaluated by two main elements.
1.Individual study / Exam (weight 1)
2.Assignment (weight 1)
a) Study about economists (eval. pass/fail). Pass prerequisite to get evaluated 2b)
b) Economy Metric (eval. 1-5)

Both elements are graded 1-5. => Average grade to total course.
Peer evaluation in use in assignments => impact one step up/down

Hylätty (0)

Exam points <50%
and/or
Assignments not accomplished according to instructions

Arviointikriteerit, tyydyttävä (1-2)

Level 1:
- at least 50% from exam total points
- assignments done according to instructions and evaluated with minimum requirement pass

Arviointikriteerit, hyvä (3-4)

Level 3:
- at least 70% from exam total points
- active attitude and used own thinking & analysis in all work and study in the course
- assignments done according to instructions and evaluated with minimum requirement pass

Arviointikriteerit, kiitettävä (5)

Level 5:
- at least 90% from exam total points
- active attitude and applying analysis & own thinking professionally
- assignments done according to instructions and evaluated with minimum requirement pass