Fundamentals of business law and economics (5 cr)
Code: LI00BJ51-3009
General information
Enrollment
19.08.2019 - 15.09.2019
Timing
01.08.2019 - 31.12.2019
Number of ECTS credits allocated
5 op
Virtual portion
2 op
RDI portion
2 op
Mode of delivery
60 % Contact teaching, 40 % Distance learning
Campus
Faculty of Business and Hospitality Management
Teaching languages
- English
Seats
1 - 35
Degree programmes
- Bachelor's Degree Programme in Business Information Technology
Teachers
- Jukka-Mikael Rokio
- Jonathan Bradshaw
Teacher in charge
Tuija Salminen
Groups
-
04BIT18SDegree Programme in Business Information Technology 18S, Lahti
-
04IBU19K, Lahti
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
Contact lectures, individual assignments, final exams.
Timing and attendance
Spring 2020
Periods III - V
Learning material and recommended literature
Defined in the lectures
Student time use and work load
Contact session ( 3 hours ) once in a week spring autumn term
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
Assignments, final exams.
A joint evaluation ( business law and economics )
Assessment scale
1-5
Failed (0)
Student doesn' t pass the exams or doesn' t return the assignments.
Assessment criteria: level 1 (assessment scale 1–5)
Student is familar with the basic concepts of economics
Student understands and is able to describe fundamental concepts of business law
Assessment criteria: level 3 (assessment scale 1–5)
Student is familiar with the macroeconomic problems
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)
Student understands the problems with economic fluctuations and is familiar with main tools of economic policy
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