Business Environment in a Global Economy (5cr)

Code: R0231-3029

General information

Timing: 01.05.2025 - 30.09.2025; Implementation has ended.

Number of ECTS credits allocated: 5 cr

Local portion: 5 cr

Mode of delivery: Contact learning

Unit: 10 Liiketalous-, tietojenkäsittely- ja palvelualat

Campus: Laurea Hyvinkää

Teaching languages: English

Seats: 20 - 30

Degree programmes: Degree Programme in Business Management (HBB2), Laurea Hyvinkää

Teachers: Jarmo Mikkonen

Teacher in charge: Jarmo Mikkonen

Groups: HBB225KN
Degree Programme in Business Management, daytime studies, K25, Hyvinkää

Study unit: R0231

Learning outcomes

The student is able to
- describe the different economic, social and ecological factors and megatrends affecting the global economy*
- explain the structure of the economy and the different economic policies in a global framework
- describe the history and drivers of international trade
- identify international actors in the global economy

*The verb 'recognize' has been replaced effective 1st of August 2024.

Teaching methods

This course is targeted for our students from outside EU/ETA countries and the students and the group is not yet confirmed/status on the 16th May, 2025.

Time and location

Classroom lectures and Zooms

Learning materials and recommended literature

Lorenzo Garbo, Dorene Isenberg, Nicholas Reksten: Principles of Economics in a Nutshell

Important dates

Check course Canvas and timetable on Peppi/Pakki

Student workload

The tasks cover a workload for 5 credits

Content and scheduling

Basic micro and macro theory
Money and banking, Money multiplier, central banks
International trade, WTO history, Comparative advantage
Money markets and stock markets
Export model and consumer-driven economy

Evaluation scale

H-5