Study Guide

Learning outcomes

The student is able to
- recognise the key juridical risks and opportunities when planning business operations
- describe the causes and effects for internal and external problems in economics
- describe the reasons and consequences of economic fluctuations and the central channels of influence in economic policy

Implementation and methods of teaching

Fundamentals of Economics: 6 online sessions, written assignments based on online sessions, asignment pack based on literature uploaded to moodle.

Fundamentals of Law: 6 online sessions and an exam

Timing and attendance

Spring 2022
Periods III - V

Learning material and recommended literature

Fundamentals of Economics: literature uploaded to moodle.


Law - all material covered in the lectures, no further reading required.

Learning environment

Fundamentals of Business Law - first online session 10.01.2022.

Fundamentals of Economics: online session ( 3 x 45 minutes ) once in a week during spring term ( period IV ). First online session ( Economics ) 07.03.2022.

Links to the online sessions are delivered via moodle to the participants.

Student time use and work load

Fundamentals of Business Law - first online session 10.01.2022.

Fundamentals of Economics: online session ( 3 x 45 minutes ) once in a week during spring term ( period IV ). First online session ( Economics ) 07.03.2022.

Links to the online sessions are delivered via moodle to the participants.

Contents

Economics Part
- the basic concepts of micro- and macroeconomics
- employment, unemployment and labour market
- macroeconomic problems and economic policy
- foreign exchange market
Legal Part
In this course students will gain a good understanding of the basic concepts of business law. During the course we will discuss the following topics:
• Sources of law
• Finnish legal history
• Finland’s Constitution and court structure
• Civil procedure
• Different forms of business
• Contract law
• Sale of Goods Act
• Company Law Act

Additional information for students: previous knowledge etc.

Economics - none
Law - none

Assessment criteria

Fundamentals of Economics: written assignments based on online sessions and assignment pack based on literature uploaded to moodle.

Law - exam

A joint evaluation ( business law 50 % and economics 50 % )

Assessment scale

1-5

Failed (0)

Fundamentals of Economics: 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.

Law - failing to pass the exam.

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

Fundamentals of Economics: the criteria ( concerning the evaluation ) is fulfilled with evaluation criteria ( which is gone through on the first online session ).

Student understands and is able to describe fundamental concepts of business law

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

Fundamentals of Economics: the criteria ( concerning the evaluation ) is fulfilled with evaluation criteria ( which is gone through on the first online session ).

Student demonstrates a good understanding of the law and the purpose behind it and is able to apply it to solve basic legal problems

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

Fundamentals of Economics: the criteria ( concerning the evaluation ) is fulfilled with evaluation criteria ( which is gone through on the first online session ).

Student demonstrates a good understanding of the law and the purpose behind it and is able to apply it to solve complicated legal problems and is able to explain why the law is how it is