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Economics (3 cr)

Code: AL00CE32-3008

General information


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.