National and Global Economics (5 cr)

Objectives (course unit)

The course covers studies of national economic policies, goals, models, problems and financing. We are also learning areas of global economic trends, trade theories, international institutions influencing trade and investment, regional economic integration and global economic policies.

After completing the course, the students will be able to:

Describe the functionality of the national economy.
Define measures undertaken by the government on different stages of the trade cycle..
Know financial institutions and their operations
Compare free trade versus protectionism.
Describe activities of global institutions over global economy.
Evaluate contemporary global economic trends.

Content (course unit)

How does a government manage the national economy?
What are the tools to cure national economic problems?
How do financial systems work (money, banking, savings and investment)?
How does the international community benefit from specialization and free trade?
What are the global institutions and how do they influence global economy?
How to view trade liberalization against regional economic integration?

Exam schedules

The course final exam will be held on (will be announced during the 1st meeting of the course).

Evaluation methods and criteria

Course project in pair group: 30 points
Project presentation in pair group: 20 points
Course final exam: 50 points (Student must obtain at least 20 points to pass the exam)

Assessment scale

0-5

Teaching methods

Contact teaching, exercise, course work and issue based discussion

Learning materials

-Selected chapters from: Alain Anderton (2008). Economics. 5th edition. Causeway Press Limited, ISBN 9781405892353. Or the newest edition.
-Selected chapters from: Krugman, Paul (2003). International Economics: Theory and Policy. Addision-Wesley. Or the newest edition.
-Lecture handouts

Student workload

Contact lesson, presentation, exam and distance learning 50 h, project 30 h, reading 40 h.

Content scheduling

There will be course content based 11 contact lessons; each lesson length 3 hours. While the lessons will be going on, the students will choose 2 project topics and will start to write the project report in pair groups. Once the theoretical cotact lessons have been ended, the students will appear to course final exam and will present their group project.

Completion alternatives

Contact to the course teacher.

Practical training and working life cooperation

Welcome.

International connections

Welcome from the TAMK partner universities.

Further information

TAMK IB degree students should complete 1st the Business Economics course. The exchange students should have basic knowledge in the field of micro economic.

Assessment criteria - fail (0) (Not in use, Look at the Assessment criteria above)

If the student receives less than 20 points in the written exam

Assessment criteria - satisfactory (1-2) (Not in use, Look at the Assessment criteria above)

Student has achieved the objectives of the course sufficiently. Student understands the premises and principals of the subject matter. Student recognizes, is able to determine and use the concepts and models.

Assessment criteria - good (3-4) (Not in use, Look at the Assessment criteria above)

Student has achieved the objectives of the course well although the skills and competences are somewhat in need of further development. Student is able to determine and apply the concepts and models of the subject matter well and is able to apply them in simple tasks.

Assessment criteria - excellent (5) (Not in use, Look at the Assessment criteria above)

Student has achieved the objectives of the course excellently. The student masters the concepts and models of the subject matter in an excellent manner. Student is able to conduct fluent and reasoned analysis and has good capabilities to apply the learning.