International EconomicsLaajuus (5 cr)
Code: 3041199
Credits
5 op
Objective
After completing this course the student is able to follow media and the news concerning international economy and world's trade has an overview on the foundation of international economy and the forms of trade policy is able to explain the development and various forms of the world's economic integration and the position of Finland in this context understands and is able to explain the function of open macroeconomics
Content
Contents: foundations of international economy forms of trade policy; forms of economic integration key theories explaining international trade and trade policy international monetary system and regional monetary integration
Enrollment
01.12.2024 - 15.01.2025
Timing
16.01.2025 - 30.05.2025
Number of ECTS credits allocated
5 op
Mode of delivery
Contact teaching
Unit
Engineering and Business
Campus
Kupittaa Campus
Teaching languages
- English
Degree programmes
- Degree Programme in Business
Teachers
- Maria Välivirta Havia
- Anja Boxberg
Groups
-
PLIITS23BOM
-
VaihtoS24Yrmy
Objective
After completing this course the student is able to follow media and the news concerning international economy and world's trade has an overview on the foundation of international economy and the forms of trade policy is able to explain the development and various forms of the world's economic integration and the position of Finland in this context understands and is able to explain the function of open macroeconomics
Content
Contents: foundations of international economy forms of trade policy; forms of economic integration key theories explaining international trade and trade policy international monetary system and regional monetary integration
Materials
To be defined in the lectures during the Spring 2025.
Teaching methods
Lectures, group assignments, groupworks and individual assignments.
In this course we are utilizing a student-centered approach in which students learn about a subject by working in groups to solve an open-ended problem. Students must identify the needed information. They learn the information and apply it to solve the problem.
Note: The students study the theoretical background mostly at home (cf. reading to be completed prior to every class)
The contact hours are mainly used to do group works and workshops.
Bring your own devices for each “lecture” as the internet access are needed to do the group works.
Exam schedules
Will be communicated during the first lecture.
Information available in Itslearning.
International connections
Lectures, group assignments and individual assignments.
Note:
Use of AI: AI tools, such as language models, may be used as an help to perform tasks, for example to retrieve information and generate initial guidelines for solutions. Make sure you always explain in your list of references which AI tolls you used (Chat GPT, DeepL, Copilot, etc.), for what and how. Not complying with this will automatically lead to a fail for the assignment/task in question.
In line with the principles of responsible use of AI, we require the following:
Own outputs and understanding: each student is responsible for all the content he/she writes. Students must ensure that they understand and can explain the content and context of their output.
Role of AI: The use of AI is allowed for data mining and generating initial ideas, but the solutions and analyses themselves must be developed and refined using the student's own ideas and insights. The content provided by AI should not be the student's decisive input, but rather a tool. This includes an explanation of how the information provided by the AI tools was used and what own thought processes were used to reach the final results.
In reflecting on individual assignments, teachers may ask follow-up questions, written or oral, to assess students' understanding and ability to justify their own work.
Honesty and use of sources: all sources and AI outputs used must be properly referenced. Plagiarism and unethical use of AI tools are not permitted. Students must also follow the institution's ethical guidelines and rules regarding the use of AI and academic integrity.
Completion alternatives
N/A
Student workload
Students workload: Lectures, group works/workshops, group assignment and individual assignment = 135hrs
Content scheduling
Course Overview:
This course provides students with a comprehensive introduction to the field of International Economics, focusing on the fundamental principles that govern global trade. By the end of the course, students will have a good understanding of the key theories of international trade, as well as the ability to critically evaluate the limitations and critiques of both classical and modern trade theories, particularly in relation to real-world applications.
Students will explore the dynamics of globalization, examining its benefits and challenges, as well as understand the dynamics of trade barriers, protectionism, and the increasing interconnectedness of global markets. The course will also equip students with the tools to follow and analyze current events in international economics, including trade patterns and issues that shape the global economy.
Learning Objectives:
Upon successful completion of this course, students will be able to:
- Understand the key concepts and principles of International Economics.
- Analyze and interpret global trade patterns and trends.
- Critically assess classical and modern trade theories, considering their limitations and relevance in the contemporary world.
- Discuss the benefits and challenges of globalization, including the impact of trade barriers and protectionism.
- Analyze current issues in international economics and relate them to real-world trade policies.
- Track and evaluate international economic developments through news and media coverage.
- Gain a comprehensive understanding of international trade policy and the role of international economic organizations.
- Explain the evolution and various forms of global trade policies, and identify the position of different regions and countries within these frameworks.
Further information
Course materials & assignment etc. guidelines in Itslearning.
Note: All communication outside lectures to lecturer via email: anja.boxberg@turkuamk.fi
Evaluation scale
H-5
Assessment methods and criteria
The course is based on lectures, group works and discussions, which are done mostly during the class. Therefore a 70% attendance is required to be able to pass the course.
The assessment of the course is based on a scale of: 1 - 5
Active participation in lectures, team workshops & group discussions 10%
Individual assignment(s) 50%
Team assignment(s) 40%
All parts must be passed (grade scale 5-1). Final grade is based on the performance on the different parts (grade scale 5-1).
Please note that:
Missing a deadline equals 0/failed from the assignment or groupwork in question (unless medical certificate)
The individual assignment and the team assignment are compulsory to do to be able to pass the course.
Assessment criteria, fail (0)
The student has demonstrated very limited knowledge and understanding of the main areas of the course. The student has not demonstrated familiarity with the various terminologies and concepts of the main areas of the course. The student shows difficulties in applying his/her knowledge and understanding of the course content. The student demonstrates very little ability to gather and interpret relevant data to inform judgments that include reflection about what is asked for the assignments. The student has difficulties in communicating his/her ideas in writing to the reader. Several parts of the text are unclear. The attendance falls below 70%.
Assessment criteria, satisfactory (1-2)
The student has demonstrated limited knowledge and understanding of the main areas of the course. The student shows some difficulties in applying his/her knowledge and understanding of the course content. The student demonstrates little ability to gather and interpret relevant data to inform judgments that include reflection about what is asked for the assignments. The student has difficulties in communicating his/her ideas in writing to the reader. Some parts of the text are unclear.
Assessment criteria, good (3-4)
The student has demonstrated good knowledge and understanding of the main areas of the course. The student shows s/he can apply his/her knowledge and understanding of the course content. The student demonstrates good ability to gather and interpret relevant data to inform judgments that include reflection about what is asked for the assignments. The student is able to communicate his/her ideas in writing to the reader. Important parts of the text are clear and well written.
Assessment criteria, excellent (5)
The student has demonstrated very good knowledge and understanding of the main areas of the course. The student shows s/he can apply his/her knowledge and understanding of the course content. The student demonstrates very good ability to gather and interpret relevant data to inform judgments that include reflection about what is asked for the assignments. The student is able to communicate clearly his/her ideas in writing to the reader in a professional way. Most of the text is clear and well written.
Enrollment
02.12.2024 - 31.01.2025
Timing
14.01.2025 - 31.05.2025
Number of ECTS credits allocated
5 op
Mode of delivery
Contact teaching
Unit
Engineering and Business
Campus
Kupittaa Campus
Teaching languages
- English
Seats
0 - 25
Teachers
- Anja Boxberg
Groups
-
PBUADS23
Objective
After completing this course the student is able to follow media and the news concerning international economy and world's trade has an overview on the foundation of international economy and the forms of trade policy is able to explain the development and various forms of the world's economic integration and the position of Finland in this context understands and is able to explain the function of open macroeconomics
Content
Contents: foundations of international economy forms of trade policy; forms of economic integration key theories explaining international trade and trade policy international monetary system and regional monetary integration
Materials
Will be communicated during the first lecture.
Teaching methods
Lectures, group assignment, groupworks and individual assignments.
In this course we are utilizing a student-centered approach in which students learn about a subject by working in groups to solve an open-ended problem. Students must identify the needed information. They learn the information and apply it to solve the problem.
Note: The students study the theoretical background mostly at home (cf. reading to be completed prior to every class)
The contact hours are mainly used to do group works and workshops.
Bring your own devices for each “lecture” as the internet access are needed to do the group works.
Exam schedules
Will be communicated during the first lecture.
Information available in Itslearning.
International connections
Lectures, group assignments and individual assignments.
Note:
Use of AI: AI tools, such as language models, may be used as an help to perform tasks, for example to retrieve information and generate initial guidelines for solutions. Make sure you always explain in your list of references which AI tolls you used (Chat GPT, DeepL, Copilot, etc.), for what and how. Not complying with this will automatically lead to a fail for the assignment/task in question.
In line with the principles of responsible use of AI, we require the following:
Own outputs and understanding: each student is responsible for all the content he/she writes. Students must ensure that they understand and can explain the content and context of their output.
Role of AI: The use of AI is allowed for data mining and generating initial ideas, but the solutions and analyses themselves must be developed and refined using the student's own ideas and insights. The content provided by AI should not be the student's decisive input, but rather a tool. This includes an explanation of how the information provided by the AI tools was used and what own thought processes were used to reach the final results.
In reflecting on individual assignments, teachers may ask follow-up questions, written or oral, to assess students' understanding and ability to justify their own work.
Honesty and use of sources: all sources and AI outputs used must be properly referenced. Plagiarism and unethical use of AI tools are not permitted. Students must also follow the institution's ethical guidelines and rules regarding the use of AI and academic integrity.
Completion alternatives
N/A
Student workload
Students workload: Lectures, group works/workshops, group assignment and individual assignment = 135hrs
Content scheduling
Course Overview:
This course provides students with a comprehensive introduction to the field of International Economics, focusing on the fundamental principles that govern global trade. By the end of the course, students will have a good understanding of the key theories of international trade, as well as the ability to critically evaluate the limitations and critiques of both classical and modern trade theories, particularly in relation to real-world applications.
Students will explore the dynamics of globalization, examining its benefits and challenges, as well as understand the dynamics of trade barriers, protectionism, and the increasing interconnectedness of global markets. The course will also equip students with the tools to follow and analyze current events in international economics, including trade patterns and issues that shape the global economy.
Learning Objectives:
Upon successful completion of this course, students will be able to:
- Understand the key concepts and principles of International Economics.
- Analyze and interpret global trade patterns and trends.
- Critically assess classical and modern trade theories, considering their limitations and relevance in the contemporary world.
- Discuss the benefits and challenges of globalization, including the impact of trade barriers and protectionism.
- Analyze current issues in international economics and relate them to real-world trade policies.
- Track and evaluate international economic developments through news and media coverage.
- Gain a comprehensive understanding of international trade policy and the role of international economic organizations.
- Explain the evolution and various forms of global trade policies, and identify the position of different regions and countries within these frameworks.
Further information
Course content and guidelines for assignments in Itslearning.
Please email to lecturer anja.boxberg@turkuamk.fi, if inquiries outside the lectures.
Evaluation scale
H-5
Assessment methods and criteria
The course is based on lectures, group works and discussions, which are done mostly during the class. Therefore a 70% attendance is required to be able to pass the course.
The assessment of the course is based on a scale of: 1 - 5
Active participation in lectures, team workshops & group discussions 10%
Individual assignment 50%
Team assignment 40%
All parts must be passed (grade scale 5-1). Final grade is based on the performance on the different parts (grade scale 5-1).
Please note that:
Missing a deadline equals 0/failed from the assignment or groupwork in question (unless medical certificate)
The individual assignment and the team assignment are compulsory to do to be able to pass the course.
Assessment criteria, fail (0)
The student has demonstrated very limited knowledge and understanding of the main areas of the course. The student has not demonstrated familiarity with the various terminologies and concepts of the main areas of the course. The student shows difficulties in applying his/her knowledge and understanding of the course content. The student demonstrates very little ability to gather and interpret relevant data to inform judgments that include reflection about what is asked for the assignments. The student has difficulties in communicating his/her ideas in writing to the reader. Several parts of the text are unclear. The attendance falls below 70%.
Assessment criteria, satisfactory (1-2)
The student has demonstrated good knowledge and understanding of the main areas of the course. The student shows s/he can apply his/her knowledge and understanding of the course content. The student demonstrates good ability to gather and interpret relevant data to inform judgments that include reflection about what is asked for the assignments. The student is able to communicate his/her ideas in writing to the reader. Important parts of the text are clear and well written
Assessment criteria, good (3-4)
The student has demonstrated good knowledge and understanding of the main areas of the course. The student shows s/he can apply his/her knowledge and understanding of the course content. The student demonstrates good ability to gather and interpret relevant data to inform judgments that include reflection about what is asked for the assignments. The student is able to communicate his/her ideas in writing to the reader. Important parts of the text are clear and well written.
Assessment criteria, excellent (5)
The student has demonstrated very good knowledge and understanding of the main areas of the course. The student shows s/he can apply his/her knowledge and understanding of the course content. The student demonstrates very good ability to gather and interpret relevant data to inform judgments that include reflection about what is asked for the assignments. The student is able to communicate clearly his/her ideas in writing to the reader in a professional way. Most of the text is clear and well written.
Enrollment
02.12.2023 - 27.02.2024
Timing
29.02.2024 - 06.05.2024
Number of ECTS credits allocated
5 op
Mode of delivery
Contact teaching
Unit
Engineering and Business
Campus
Kupittaa Campus
Teaching languages
- English
Seats
0 - 60
Degree programmes
- Degree Programme in Business
Teachers
- Otieno Mbare
Groups
-
VaihtoS23YrmyVaihtoS23Yrmy
-
PLIITS22BOMPLIITS22BOM
Objective
After completing this course the student is able to follow media and the news concerning international economy and world's trade has an overview on the foundation of international economy and the forms of trade policy is able to explain the development and various forms of the world's economic integration and the position of Finland in this context understands and is able to explain the function of open macroeconomics
Content
Contents: foundations of international economy forms of trade policy; forms of economic integration key theories explaining international trade and trade policy international monetary system and regional monetary integration
Exam schedules
Will be announced in class
International connections
Students learn in small groups
Inquiry-based, case studies, experiential learning, collaborative and integrative
Student workload
Students workload = 133hrs
Content scheduling
After completing this course the student is able to follow media and the news concerning international economy and world's trade has an overview on the foundation of international economy and the forms of trade policy is able to explain the development and various forms of the world's economic integration and the position of Finland in this context understands and is able to explain the function of open macroeconomics
Contents: foundations of international economy forms of trade policy; forms of economic integration key theories explaining international trade and trade policy international monetary system and regional monetary integration
Further information
To be announced in class
Evaluation scale
H-5
Assessment methods and criteria
The assessment is based on a scale of: 1 - 5
Active participation in team 10%
Individual assignment 40%
Team assignment 50%
Assessment criteria, fail (0)
The work does not reach the standard level of the course. There is no evidence of further reading or considered thought about the subject matter neither clear demonstration of familiarity with the various terminologies and concepts.
Assessment criteria, satisfactory (1-2)
There is basic understanding of international economic concepts but the knowledge and the processing of knowledge is weak or limited. There is only little evidence of wider reading.
Assessment criteria, good (3-4)
The work is reasonably competent, though there may be some weaknesses. Knowledge of various responsible tourism and wellness business and marketing concepts is adequate and while there is evidence of reading beyond the class, it's patchy or not broad (3).
The work is well developed beyond that given; demonstrates sound conceptual knowledge in responsible tourism and wellness business and reasoning; depth and breadth of reading (4)
Assessment criteria, excellent (5)
The work reflect very high conceptual standard and demonstrate knowledge in responsible tourism and wellness business concepts and autonomous development of reasoning processing well beyond that given in class. There is clear evidence of depth and breadth in reading