Study Guide

Learning outcomes

By the end of the course, students will be able to describe the principles of modern market economy. Students will be able to explain the basic concepts of microeconomics and macroeconomics and can apply models of consumer, firm, markets and economy in simple situations. In addition, students can analyze the role and consequences of monetary and fiscal policy.

Implementation and methods of teaching

Introductory lecture 2h, tutorials 8h, independent preparation for the exam (course book and video lectures) 66h and Moodle exams 4 h. Total workload for student 80h.

Learning material and recommended literature

Pohjola Matti: Taloustieteen Oppikirja, 14th ed.

Contents

Principles of microeconomics and macroeconomics. Demand, supply and market equilibrium, production and markets for the factors of production, economics of the public sector. Economic growth, unemployment, inflation, economic fluctuations, stabilization policy.

Additional information for students: previous knowledge etc.

Teachers: Tiia-Lotta Pekkanen

Link to the course brochure: https://sis-lut.funidata.fi/student/courseunit/otm-e821a10a-5ca2-4cfe-9463-686b07a0b7fd/brochure

Assessment criteria

Grade 0-5, evaluation 0-100 points, Moodle exam 100%

Assessment scale

1-5