Study Guide

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.