•   Principles of Economics 3011527-3004 01.01.2022-31.07.2022  5 credits  (PINBOS21) +-
    Competence objectives of study unit
    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
    Content of study unit
    - 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
    Teacher(s) in charge

    Markku Rajala

    Learning material

    Theory book: https://www.core-econ.org/the-economy/?lang=en
    Own selected book for the reading circle

    Learning methods

    Own paced learning with reading and writing

    Objects, timing and methods of assessment

    Exam on the theory book:
    There are two attempts allowed
    Attempts need to take place during the spring semester. Last date 10.6.22

    Book Review (Reading Circle):
    Evaluation => Fail/Pass
    Book review needs to be done in order to pass the course

    Teaching language

    English

    Timing

    01.01.2022 - 31.07.2022

    Enrollment date range

    02.12.2021 - 31.01.2022

    Group(s)
    • PINBOS21
    Responsible unit

    Liiketalous (not translated)

    Additional information

    -

    Degree Programme(s)

    Degree Programme in International Business (not translated)

    Campus

    Location-independent

    Share of online studies

    5 credits

    Assessment scale

    H-5

    Alternative methods of attainment for implementation

    -

    Exam dates and retake possibilities

    -

    Pedagogic approaches

    -

    Student's schedule and workload

    - Learning theory 85h
    - Watcing videos 2h
    - Reading book 43h

    Content scheduling

    Basic theories of economy
    Videos on economy
    Readings on economy

    Assessment criteria
    Failed (0)

    Exam points below 50% or
    Book review is not done

    Assessment criteria – satisfactory (1-2)

    Exam points between 50% - 69%
    Book review done

    Assessment criteria – good (3-4)

    Exam points between 70% - 89%
    Book review done

    Assessment criteria – excellent (5)

    Exam points between 90% - 100%
    Book review done