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EconomicsLaajuus (3 cr)

Code: AL00CE32

Credits

3 op

Teaching language

  • English

Objective

The student is able to
- describe the basic concepts of micro- and macroeconomics
- recognise the causes and effects for internal balance problems in economy
- understand the special features of labour market
- describe the reasons and consequences of economic fluctuations and the central channels of influence in economic policy
- understand the basic functions of foreign exchange market

Enrollment

02.12.2024 - 31.12.2024

Timing

11.03.2025 - 15.04.2025

Number of ECTS credits allocated

3 op

Virtual portion

1.5 op

Mode of delivery

50 % Contact teaching, 50 % Distance learning

Unit

Faculty of Business and Hospitality Management (LAB)

Campus

Lahti Campus

Teaching languages
  • English
Seats

1 - 50

Degree programmes
  • Bachelor's Degree Programme in International Business
Teachers
  • Jukka-Mikael Rokio
Scheduling groups
  • Luennot 1 (Size: 0. Open UAS: 0.)
Groups
  • LLTIIB24S
    Bachelor's Degree Programme in International Business 24S Lahti
Small groups
  • Lecture 1

Learning outcomes

The student is able to
- describe the basic concepts of micro- and macroeconomics
- recognise the causes and effects for internal balance problems in economy
- understand the special features of labour market
- describe the reasons and consequences of economic fluctuations and the central channels of influence in economic policy
- understand the basic functions of foreign exchange market

Implementation and methods of teaching

Course takes place on spring term 2025 - begins on week 11. Schedule will be updated in the end of February and information will be delivered to the participants via moodle.

Course has 6 compulsory campus contact sessions - 3 hours / week ( 3 x 45 minutes ).

Compulsory minimum attendance 5 contact sessions !!!

Timing and attendance

Academic year 2024 - 2025; spring term 2025.

Learning material and recommended literature

Material will be uploaded to moodle files folder.

Learning environment

Participants are divided to two groups - both groups are having 6 compulsory campus contact sessions - 3 hours / week ( 3 x 45 minutes ).

Compulsory minimum attendance 5 contact sessions !!!

Student time use and work load

Contact sessions ( 3 x 45 minutes ) - all in all 6 contact sessions ( week 11 - week 16 ).

Course has 6 compulsory campus contact sessions - 3 hours / week ( 3 x 45 minutes ).

Compulsory minimum attendance 5 contact sessions !!!

Schedule will be confirmed and delivered to the participants via moodle.

Contents

Main topics of the course:
- background of the science
- basic concepts of micro- and macroeconomics
- employment and labour market
- economic fluctuations
- economic policy
- foreign exchange market

Additional information for students: previous knowledge etc.

None.

Assessment criteria

Individual assignments, assignment package and final exam.

Assessment scale

1-5

Failed (0)

The criterias ( which are gone through in the first contact session ) are not fulfilled or / and the student don' t follow the deadlines of the course.

Assessment criteria: level 1 (assessment scale 1–5)

Student is familar with the basic concepts of Economics.

Assessment criteria: level 3 (assessment scale 1–5)

Student is familiar with the macroeconomic problems.

Assessment criteria: level 5 (assessment scale 1–5)

Student understands the problems with economic fluctuations and is familiar with main tools of economic policy.

Enrollment

06.05.2024 - 30.08.2024

Timing

31.10.2024 - 12.12.2024

Number of ECTS credits allocated

3 op

Virtual portion

1.5 op

Mode of delivery

50 % Contact teaching, 50 % Distance learning

Unit

Faculty of Business and Hospitality Management (LAB)

Campus

Lahti Campus

Teaching languages
  • English
Seats

1 - 50

Degree programmes
  • Bachelor's Degree Programme in International Business
Teachers
  • Jukka-Mikael Rokio
Scheduling groups
  • Luennot 1 (Size: 0. Open UAS: 0.)
Groups
  • LLTIIB24K
    Bachelor's Degree Programme in International Business 24K Lahti
Small groups
  • Lecture 1

Learning outcomes

The student is able to
- describe the basic concepts of micro- and macroeconomics
- recognise the causes and effects for internal balance problems in economy
- understand the special features of labour market
- describe the reasons and consequences of economic fluctuations and the central channels of influence in economic policy
- understand the basic functions of foreign exchange market

Implementation and methods of teaching

Course takes place on autumn term 2024 - begins on week 44 and ends on week 49. Schedule will be updated in the end of September and information will be delivered to the participants via moodle.

Course has 6 campus contact sessions - 3 hours / week ( 3 x 45 minutes ).

Compulsory minimum attendance 5 contact sessions and first contact session is compulsory !!!

Timing and attendance

Academic year 2024 - 2025; autumn term 2024.

Learning material and recommended literature

Material will be uploaded to moodle files folder.

Learning environment

Course has 6 campus contact sessions - 3 hours / week ( 3 x 45 minutes ).

Compulsory minimum attendance 5 contact sessions and first contact session is compulsory !!!

Student time use and work load

Contact sessions ( 3 x 45 minutes ) - all in all 6 contact sessions ( week 44 - week 49 ).

Compulsory minimum attendance 5 contact sessions !!!

Schedule will be confirmed and delivered to the participants via moodle.

Contents

Main topics of the course:
- background of the science
- basic concepts of micro- and macroeconomics
- employment and labour market
- economic fluctuations
- economic policy
- foreign exchange market

Additional information for students: previous knowledge etc.

None.

Assessment criteria

Individual assignments, assignment package and final exam.

Assessment scale

1-5

Failed (0)

The criterias ( which are gone through in the first contact session ) are not fulfilled or / and the student don' t follow the deadlines of the course.

Assessment criteria: level 1 (assessment scale 1–5)

Student is familar with the basic concepts of Economics.

Assessment criteria: level 3 (assessment scale 1–5)

Student is familiar with the macroeconomic problems.

Assessment criteria: level 5 (assessment scale 1–5)

Student understands the problems with economic fluctuations and is familiar with main tools of economic policy.

Enrollment

20.11.2023 - 05.01.2024

Timing

12.03.2024 - 18.04.2024

Number of ECTS credits allocated

3 op

Virtual portion

1.5 op

RDI portion

1 op

Mode of delivery

50 % Contact teaching, 50 % Distance learning

Unit

Faculty of Business and Hospitality Management (LAB)

Campus

Lahti Campus

Teaching languages
  • English
Seats

1 - 80

Degree programmes
  • Bachelor's Degree Programme in International Business
Teachers
  • Jukka-Mikael Rokio
Scheduling groups
  • Luennot 1 (Size: 0. Open UAS: 0.)
Groups
  • LLTIIB23S
    Bachelor's Degree Programme in International Business 23S Lahti
Small groups
  • Lecture 1

Learning outcomes

The student is able to
- describe the basic concepts of micro- and macroeconomics
- recognise the causes and effects for internal balance problems in economy
- understand the special features of labour market
- describe the reasons and consequences of economic fluctuations and the central channels of influence in economic policy
- understand the basic functions of foreign exchange market

Implementation and methods of teaching

Course takes place on spring term 2024 - begins on week 11. Schedule will be updated in the end of February and information will be delivered to the participants via moodle.

Participants are divided to two groups - both groups are having 6 compulsory campus contact sessions - 3 hours / week ( 3 x 45 minutes ).

Compulsory minimum attendance 5 contact sessions !!!

Timing and attendance

Academic year 2023 - 2024; spring term 2024.

Learning material and recommended literature

Material will be uploaded to moodle files folder.

Learning environment

Participants are divided to two groups - both groups are having 6 compulsory campus contact sessions - 3 hours / week ( 3 x 45 minutes ).

Compulsory minimum attendance 5 contact sessions !!!

Student time use and work load

Contact sessions ( 3 x 45 minutes ) - all in all 6 contact sessions ( week 11 - week 16 ).

Participants are divided to two groups - both groups are having 6 compulsory campus contact sessions - 3 hours / week ( 3 x 45 minutes ).

Compulsory minimum attendance 5 contact sessions !!!

Schedule will be confirmed and delivered to the participants via moodle.

Contents

Main topics of the course:
- background of the science
- basic concepts of micro- and macroeconomics
- employment and labour market
- economic fluctuations
- economic policy
- foreign exchange market

Additional information for students: previous knowledge etc.

None.

Assessment criteria

Individual assignments, assignment package and final exam.

Assessment scale

1-5

Failed (0)

The criterias ( which are gone through in the first contact session ) are not fulfilled or / and the student don' t follow the deadlines of the course.

Assessment criteria: level 1 (assessment scale 1–5)

Student is familar with the basic concepts of Economics.

Assessment criteria: level 3 (assessment scale 1–5)

Student is familiar with the macroeconomic problems.

Assessment criteria: level 5 (assessment scale 1–5)

Student understands the problems with economic fluctuations and is familiar with main tools of economic policy.

Enrollment

20.11.2023 - 12.01.2024

Timing

08.01.2024 - 20.02.2024

Number of ECTS credits allocated

3 op

Mode of delivery

Contact teaching

Unit

Faculty of Business and Hospitality Management (LAB)

Campus

Lappeenranta Campus

Teaching languages
  • English
Seats

20 - 50

Degree programmes
  • Bachelor's Degree Programme in International Business
Teachers
  • Mia Ekman
Scheduling groups
  • Luennot (Size: 0. Open UAS: 0.)
Groups
  • LLPRIB23S
    Bachelor's Degree Programme in International Business 23S Lappeenranta
Small groups
  • Lectures

Learning outcomes

The student is able to
- describe the basic concepts of micro- and macroeconomics
- recognise the causes and effects for internal balance problems in economy
- understand the special features of labour market
- describe the reasons and consequences of economic fluctuations and the central channels of influence in economic policy
- understand the basic functions of foreign exchange market

Implementation and methods of teaching

Contact lessons
Individual assignments
Case assignment in groups connected to the following courses: Financial Accounting, International Business Law, and Logistics and Supply Chain Management. Enrolling in all these four courses is highly recommended.

Timing and attendance

Participation in contact lessons is highly recommended.

Learning material and recommended literature

All material will be provided in Moodle.

Working life cooperation

Possible visiting lecturer from local business, International Week visitors (week 7).

Learning environment

Contact lessons

Student time use and work load

1 ECTS = 27 h of student's work.

Contents

Major topics:
- the basic concepts of micro- and macroeconomics
- employment, unemployment and labour market
- macroeconomic problems and economic policy
- foreign exchange market

Additional information for students: previous knowledge etc.

No prior requirements.

Assessment criteria

Individual assignments by theme.

Everything will be discussed on first lesson.

Assessment scale

1-5

Failed (0)

Student does not reach the learning objectives.

Assessment criteria: level 1 (assessment scale 1–5)

Student reaches the learning objectives and in the assignments shows a satisfactory level of knowledge and competence in the subjects covered in the course.

Assessment criteria: level 3 (assessment scale 1–5)

Student reaches the learning objectives and in the assignments shows a good level of knowledge and competence in the subjects covered in the course.

Assessment criteria: level 5 (assessment scale 1–5)

Student reaches the learning objectives and in the assignments shows an excellent level of knowledge and competence in the subjects covered in the course.

Enrollment

15.05.2023 - 01.09.2023

Timing

02.10.2023 - 07.12.2023

Number of ECTS credits allocated

3 op

Virtual portion

1 op

RDI portion

1 op

Mode of delivery

67 % Contact teaching, 33 % Distance learning

Unit

Faculty of Business and Hospitality Management (LAB)

Campus

Lahti Campus

Teaching languages
  • English
Seats

0 - 40

Degree programmes
  • Bachelor's Degree Programme in International Business
Teachers
  • Jukka-Mikael Rokio
Scheduling groups
  • Luennot 1 (Size: 0. Open UAS: 0.)
Groups
  • LLTIIB23K
    Bachelor's Degree Programme in International Business 23K Lahti
Small groups
  • Luennot 1

Learning outcomes

The student is able to
- describe the basic concepts of micro- and macroeconomics
- recognise the causes and effects for internal balance problems in economy
- understand the special features of labour market
- describe the reasons and consequences of economic fluctuations and the central channels of influence in economic policy
- understand the basic functions of foreign exchange market

Implementation and methods of teaching

Course takes place on autumn term 2023 - begins on week 44. Schedule will be updated in the end of February and information will be delivered to the participants via moodle.

Contact sessions - 3 hours / week ( 3 x 45 minutes ).

Timing and attendance

Academic year 2022 - 2023; autumn term 2023.

Learning material and recommended literature

Material will be uploaded to moodle files folder.

Learning environment

Contact sessions ( 3 x 45 minutes ).

Student time use and work load

Contact sessions ( 3 x 45 minutes ) - all in all 6 contact sessions ( week 44 - week 49 ).

Schedule will be confirmed and delivered to the participants via moodle.

Contents

Main topics of the course:
- background of the science
- basic concepts of micro- and macroeconomics
- employment and labour market
- economic fluctuations
- economic policy
- foreign exchange market

Additional information for students: previous knowledge etc.

None.

Assessment criteria

Individual assignments, assignment package and ( maybe ) final exam.

Assessment scale

1-5

Failed (0)

The criterias ( which are gone through in the first contact session ) are not fulfilled or / and the student don' t follow the deadlines of the course.

Assessment criteria: level 1 (assessment scale 1–5)

Student is familar with the basic concepts of Economics.

Assessment criteria: level 3 (assessment scale 1–5)

Student is familiar with the macroeconomic problems.

Assessment criteria: level 5 (assessment scale 1–5)

Student understands the problems with economic fluctuations and is familiar with main tools of economic policy.

Enrollment

21.11.2022 - 08.01.2023

Timing

16.03.2023 - 20.04.2023

Number of ECTS credits allocated

3 op

Virtual portion

1 op

RDI portion

1 op

Mode of delivery

67 % Contact teaching, 33 % Distance learning

Unit

Faculty of Business and Hospitality Management (LAB)

Campus

Lappeenranta Campus

Teaching languages
  • English
Seats

0 - 40

Degree programmes
  • Bachelor's Degree Programme in International Business
Teachers
  • Jukka-Mikael Rokio
Scheduling groups
  • Verkkoluento 1 (Size: 0. Open UAS: 0.)
Groups
  • LLPRIB22S
    Bachelor's Degree Programme in International Business 22S Lappeenranta
Small groups
  • Verkkoluento 1

Learning outcomes

The student is able to
- describe the basic concepts of micro- and macroeconomics
- recognise the causes and effects for internal balance problems in economy
- understand the special features of labour market
- describe the reasons and consequences of economic fluctuations and the central channels of influence in economic policy
- understand the basic functions of foreign exchange market

Implementation and methods of teaching

6 online sessions ( 3 x 45 min. ),
Written individual assignments based on online sessions.
Assignment pack based on literature uploaded to moodle.
No exam !!!

Everything will be gone through in the first online session !!!

Timing and attendance

Academic year 2022 - 2023; Spring term 2023.
The course begins on week 11 and last online session will take place on week 16.

Learning material and recommended literature

The literature will be uploaded to moodle.

Learning environment

Weekly online sessions ( 6 ) via Teams.

Student time use and work load

6 online sessions ( 3 x 45 minutes ) once in a week during weeks 11 - 16.
Written assignments and assignment pack during and after the online sessions.

Contents

Major topics:
- the basic concepts of micro- and macroeconomics
- employment, unemployment and labour market
- macroeconomic problems and economic policy
- foreign exchange market

Additional information for students: previous knowledge etc.

None.

Assessment criteria

Written assignments based on online sessions and assignment pack based on literature uploaded to moodle.

Everything will be gone through in the first online session !!!

Assessment scale

1-5

Failed (0)

The criteria ( concerning the evaluation ) is not fulfilled with evaluation criteria ( which is gone through on the first online session ) OR student doesn' t follow timetable / deadlines.

Assessment criteria: level 1 (assessment scale 1–5)

The criteria ( concerning the evaluation ) is fulfilled with evaluation criteria ( which is gone through on the first online session ).

Assessment criteria: level 3 (assessment scale 1–5)

The criteria ( concerning the evaluation ) is fulfilled with evaluation criteria ( which is gone through on the first online session ).

Assessment criteria: level 5 (assessment scale 1–5)

The criteria ( concerning the evaluation ) is fulfilled with evaluation criteria ( which is gone through on the first online session ).

Enrollment

21.11.2022 - 08.01.2023

Timing

15.03.2023 - 19.04.2023

Number of ECTS credits allocated

3 op

Virtual portion

1 op

RDI portion

1 op

Mode of delivery

67 % Contact teaching, 33 % Distance learning

Unit

Faculty of Business and Hospitality Management (LAB)

Campus

Lahti Campus

Teaching languages
  • English
Seats

0 - 40

Degree programmes
  • Bachelor's Degree Programme in International Business
Teachers
  • Jukka-Mikael Rokio
Scheduling groups
  • Luennot 1 (Size: 0. Open UAS: 0.)
Groups
  • LLTIIB22S
    Bachelor's Degree Programme in International Business 22S Lahti
Small groups
  • Luennot 1

Learning outcomes

The student is able to
- describe the basic concepts of micro- and macroeconomics
- recognise the causes and effects for internal balance problems in economy
- understand the special features of labour market
- describe the reasons and consequences of economic fluctuations and the central channels of influence in economic policy
- understand the basic functions of foreign exchange market

Implementation and methods of teaching

Course takes place on spring term 2023 - begins on week 11. Schedule will be updated in the end of February and information will be delivered to the participants via moodle.

Contact sessions - 3 hours / week ( 3 x 45 minutes ).

Timing and attendance

Academic year 2022 - 2023; spring term 2023.

Learning material and recommended literature

Material will be uploaded to moodle files folder.

Learning environment

Contact sessions ( 3 x 45 minutes ).

Student time use and work load

Contact sessions ( 3 x 45 minutes ) - all in all 6 contact sessions ( week 11 - week 16 ).

Schedule will be confirmed and delivered to the participants via moodle.

Contents

Main topics of the course:
- background of the science
- basic concepts of micro- and macroeconomics
- employment and labour market
- economic fluctuations
- economic policy
- foreign exchange market

Additional information for students: previous knowledge etc.

None.

Assessment criteria

Individual assignments, assignment package and ( maybe ) final exam.

Assessment scale

1-5

Failed (0)

The criterias ( which are gone through in the first contact session ) are not fulfilled or / and the student don' t follow the deadlines of the course.

Assessment criteria: level 1 (assessment scale 1–5)

Student is familar with the basic concepts of Economics.

Assessment criteria: level 3 (assessment scale 1–5)

Student is familiar with the macroeconomic problems.

Assessment criteria: level 5 (assessment scale 1–5)

Student understands the problems with economic fluctuations and is familiar with main tools of economic policy.

Enrollment

01.07.2022 - 04.09.2022

Timing

20.09.2022 - 29.11.2022

Number of ECTS credits allocated

3 op

Virtual portion

1 op

RDI portion

1 op

Mode of delivery

67 % Contact teaching, 33 % Distance learning

Unit

Faculty of Business and Hospitality Management (LAB)

Campus

Lahti Campus

Teaching languages
  • English
Seats

0 - 40

Degree programmes
  • Bachelor's Degree Programme in International Business
Teachers
  • Jukka-Mikael Rokio
Scheduling groups
  • Luennot 1 (Size: 0. Open UAS: 0.)
Groups
  • LLTIIB22K
Small groups
  • Luennot 1

Learning outcomes

The student is able to
- describe the basic concepts of micro- and macroeconomics
- recognise the causes and effects for internal balance problems in economy
- understand the special features of labour market
- describe the reasons and consequences of economic fluctuations and the central channels of influence in economic policy
- understand the basic functions of foreign exchange market

Assessment scale

1-5

Enrollment

19.11.2021 - 09.01.2022

Timing

10.03.2022 - 14.04.2022

Number of ECTS credits allocated

3 op

Virtual portion

3 op

RDI portion

1 op

Mode of delivery

Distance learning

Unit

Faculty of Business and Hospitality Management (LAB)

Campus

Lappeenranta Campus

Teaching languages
  • English
Seats

1 - 40

Degree programmes
  • Bachelor's Degree Programme in International Business
Teachers
  • Jukka-Mikael Rokio
Scheduling groups
  • Verkkoluento 1 (Size: 0. Open UAS: 0.)
Groups
  • LLPRIB21S
Small groups
  • Verkkoluento 1

Learning outcomes

The student is able to
- describe the basic concepts of micro- and macroeconomics
- recognise the causes and effects for internal balance problems in economy
- understand the special features of labour market
- describe the reasons and consequences of economic fluctuations and the central channels of influence in economic policy
- understand the basic functions of foreign exchange market

Implementation and methods of teaching

6 online sessions ( 3 x 45 min. ),
Written individual assignments based on online sessions.
Assignment pack based on literature uploaded to moodle.
No exam !!!

Everything will be gone through in the first online session !!!

Timing and attendance

Academic year 2021 - 2022; Spring term 2022.
The course begins on week 10 and last online session will take place on week 16.

Learning material and recommended literature

The literature will be uploaded to moodle.

Learning environment

Weekly online sessions ( 6 ) via Teams.

Student time use and work load

6 online sessions ( 3 x 45 minutes ) once in a week during weeks 10 - 16.
Written assignments and assignment pack during and after the online sessions.

Contents

Major topics:
- the basic concepts of micro- and macroeconomics
- employment, unemployment and labour market
- macroeconomic problems and economic policy
- foreign exchange market

Additional information for students: previous knowledge etc.

None.

Assessment criteria

Written assignments based on online sessions and assignment pack based on literature uploaded to moodle.

Everything will be gone through in the first online session !!!

Assessment scale

1-5

Failed (0)

The criteria ( concerning the evaluation ) is not fulfilled with evaluation criteria ( which is gone through on the first online session ) OR student doesn' t follow timetable / deadlines.

Assessment criteria: level 1 (assessment scale 1–5)

The criteria ( concerning the evaluation ) is fulfilled with evaluation criteria ( which is gone through on the first online session ).

Assessment criteria: level 3 (assessment scale 1–5)

The criteria ( concerning the evaluation ) is fulfilled with evaluation criteria ( which is gone through on the first online session ).

Assessment criteria: level 5 (assessment scale 1–5)

The criteria ( concerning the evaluation ) is fulfilled with evaluation criteria ( which is gone through on the first online session ).

Enrollment

19.11.2021 - 09.01.2022

Timing

12.01.2022 - 23.03.2022

Number of ECTS credits allocated

3 op

Mode of delivery

Contact teaching

Unit

Faculty of Business and Hospitality Management (LAB)

Campus

Lahti Campus

Teaching languages
  • English
Degree programmes
  • Bachelor's Degree Programme in International Business
Teachers
  • Jukka-Mikael Rokio
Scheduling groups
  • Luennot (Size: 0. Open UAS: 0.)
Groups
  • LLTIIB21S
Small groups
  • Luennot

Learning outcomes

The student is able to
- describe the basic concepts of micro- and macroeconomics
- recognise the causes and effects for internal balance problems in economy
- understand the special features of labour market
- describe the reasons and consequences of economic fluctuations and the central channels of influence in economic policy
- understand the basic functions of foreign exchange market

Assessment scale

1-5