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National Economics and International Economics (5 cr)

Code: 3011405-3004

General information


Enrollment

05.08.2020 - 30.09.2020

Timing

04.09.2020 - 03.01.2021

Number of ECTS credits allocated

5 op

Mode of delivery

Contact teaching

Unit

Engineering and Business

Campus

Kupittaa Campus

Teaching languages

  • Finnish

Degree programmes

  • Degree Programme in Business

Teachers

  • Markku Rajala

Groups

  • PLIITS18BA
    PLIITS18BA

Objective

After completion of the study unit the student is able to

1. National Economics

- understand the basic concepts and functions of a national economy
- understand the effects of economic cycles on business life
- explain the prerequisites for a balanced economy and the effects of inflation, employment and current account on economic growth
- analyze the available regulatory measures (state-level), channels of influence and the meaning of monetary policies

2. International Economics

- define goals and measures for trade and competition policies and understand protectionistic measures
- recognize the most common trade theories and explain the integration process and the function of the world's trade system led by the WTO

Content

1.

- basic concepts, entities and mechanisms of a national economy
- national accounts, economic cycles, economic growth
- economic policy; financial and monetary policy

2.

- external economic activities and their balance
- trade and competition policies, trade theories, protectionism
- global and regional economic integration

Evaluation scale

H-5