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
-
PLIITS18BAPLIITS18BA
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