Business Environment in a Global Economy (5 cr)

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.

Materials

Parkin Michael: Economics. Global Edition 9th or subsequent edition. Pearson Education Ltd. (Chapters are partially utilised)
CH1 Introduction, CH3 Demand & Supply, CH 4 Elasticity, CH6 Government actions in markets, CH7 Global markets in action, CH17 Externalities
CH21 GDP, CH22 Monitoring jobs and inflation, CH26 Exchange rate and Balance of Payments, CH30 Fiscal policy, CH31 Monetary policy (partially)
Lectures & lecture materials, assignments, videos

Exam schedules

We will have joint lectures with Business Mgmt- and Security Mgmt -groups, mainly on Wednesday-mornings at 8.30 - 11 (Note one exception on Monday 11.03.2018):
16.01.2019 08.30 - 11.00 Timo Introduction, Demand & Supply, Juhani Kettunen
23.01.2019 08.30 - 11.00 Timo Circular Economy, Ritva Jäättelä
30.01.2019 08.30 - 11.00 Timo GDP, Harri Ruoslahti
13.02.2019 08.30 - 11.00 Timo Labour Markets & Inflation, Harri Ruoslahti
20.02.2019 08.30 - 11.00 Timo Exam, part 1
27.02.2019 08.30 - 11.00 Timo Economic Policy, Juhani Kettunen
11.03.2019 08.30 - 11.00 Timo Global Economy, Ritva Jäättelä
03.04.2019 08.30 - 11.00 Timo Exam, part 2
In addition to lectures, there will be 8 - 10 classes that normally will be held on Thursday mornings at 8.45 -11.15. See the schedule for updated information.
Additional contact sessions will be removed from the schedule before the course start.

Evaluation scale

H-5

Further information

Changes are possible in the course plan.