Principles of Economics (5 cr)
Code: 3011527-3006
General information
Enrollment
02.12.2023 - 15.01.2024
Timing
25.01.2024 - 27.03.2024
Number of ECTS credits allocated
5 op
Mode of delivery
Contact teaching
Unit
Engineering and Business
Campus
Location-independent
Teaching languages
- English
Degree programmes
Teachers
- Markku Rajala
Groups
-
PINBOS23
- 25.01.2024 15:00 - 17:00, Principles of Economics 3011527-3006
- 29.02.2024 15:00 - 17:00, Principles of Economics 3011527-3006
- 11.03.2024 17:00 - 18:00, Principles of Economics 3011527-3006 (Book Clinic)
Objective
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
- 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
Materials
Theory book: https://www.core-econ.org/espp/
Teaching methods
Own paced learning with reading and writing
Exam schedules
-
International connections
-
Completion alternatives
-
Student workload
- Learning theory 85h
- Preparing for the exam 55h
Content scheduling
Basic theories of economy
Further information
-
Evaluation scale
H-5
Assessment methods and criteria
Exam on the theory book:
There are two attempts allowed
Study group assignment done as defined by teacher (Reading Circle assingment)
Assessment criteria, fail (0)
Exam points below 50% or
Study group assignment is not done
Assessment criteria, satisfactory (1-2)
Exam points between 50% - 69%
Study group assignment done
Assessment criteria, good (3-4)
Exam points between 70% - 89%
Study group assignment done
Assessment criteria, excellent (5)
Exam points between 90% - 100%
Study group assignment done