International Economics (5 cr)

Evaluation scale

H-5

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.

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

Teaching methods

Course assignments will be described in Itslearning
platform and introduced during the course.
Learning assingments in Itslearning
Small group team work
Individual and group learning
Examination
Study journal with self assessment

Pedagogic approaches and sustainable development

innopeda
learning pyramid
flipped classroom

Evaluation methods and criteria

The final grade of the whole course is based on all course assignments done during the course, and the study journal with self evaluation.

Failed (0)

Exercises not done or not participated in small group team work

Assessment criteria, satisfactory (1-2)

Exercises done with evaluation grade 1-2

Assessment criteria, good (3-4)

Exercises done with evaluation grade 3-4

Assessment criteria, excellent (5)

Exercises done with evaluation grade 5