Fundamentals of business law and economics (5 cr)
Code: LI00BJ51-3015
General information
Enrollment
01.07.2021 - 05.09.2021
Timing
09.09.2021 - 16.12.2021
Number of ECTS credits allocated
5 op
Virtual portion
2 op
RDI portion
2 op
Mode of delivery
60 % Contact teaching, 40 % Distance learning
Unit
Faculty of Business and Hospitality Management (LAB)
Campus
Lahti Campus
Teaching languages
- English
Seats
1 - 30
Degree programmes
- Bachelor's Degree Programme in International Business
Teachers
- Jonathan Bradshaw
- Jukka-Mikael Rokio
Scheduling groups
- Luennot 1 (Size: 0. Open UAS: 0.)
Groups
-
LLTIIB21K
Small groups
- Luennot 1
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.
Timing and attendance
Autumn 2021
Periods I - II
Learning material and recommended literature
Fundamentals of Economics: literature uploaded to moodle.
Student time use and work load
Fundamentals of Economics: online session ( 3 x 45 minutes ) once in a week during autumn term ( period II )
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.
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.
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