Global Economics (3op)

Osaamistavoitteet (Opintojakso)

National economies are an integral part of the global economy. Issues and events in global economy have strong influence upon the function of national economy.
The course aims at familiarizing the students with global institutions, agreements, events, trends and their relationship to the national economy.

After completing the course, students will be able to:
• Understand the benefits of specialization and the impact on trade and investment
• Know trade barriers and their background factors
• Understand exchange and interest rate mechanisms
• Conceptualize the role of global organizations
• Understand trade liberalization and regional economic integration
• Relationships among national economy, national debt and the international rating agencies

Sisältö (Opintojakso)

• What are the benefits of global trade?
• What are the main international trade theories?
• What are the effects of trade barriers on national economies?
• What are the reasons behind exchange and interest rate volatility?
• What is the role of economic integration in world trade?
• How the rating agencies influence national borrowing rate?

Aika ja paikka

During spring semester according set schedule

Tenttien ja uusintatenttien ajankohdat

The course details with exam dates are informed in the beginning of the course

Arviointimenetelmät ja arvioinnin perusteet

The course evaluation is based on exam, together with possible returnable team reports

Arviointiasteikko

0-5

Opiskelumuodot ja opetusmenetelmät

Contact teaching and exercises, on-line materials

Oppimateriaalit

Course slides, dedicated videos and journals

Opiskelijan ajankäyttö ja kuormitus

The course is 3 credits, as students work 3*27 hours ie. 81 hours

Sisällön jaksotus

The course is based on selected macroeconomic themes, with 6 lectures during the period 4, according set schedule

Toteutuksen valinnaiset suoritustavat

The course is based on contact teaching with exam

Kansainvälisyys

This course is international business course, the course is in english

Lisätietoja opiskelijoille

The further course details are informed during the first lecture

Arviointikriteerit - hylätty (0) (Ei käytössä, kts Opintojakson Arviointikriteerit ylempänä)

Student is not participating the lectures and does not adopt fundamentals of macroeconomy.

Arviointikriteerit - tyydyttävä (1-2) (Ei käytössä, kts Opintojakson Arviointikriteerit ylempänä)

Student is able to understand basic terminilogy of macroeconomy like GDP, aggregate demand and supply, interest rates, monetary system, inflation, employment, fiscal and monetary policy.

Arviointikriteerit - hyvä (3-4) (Ei käytössä, kts Opintojakson Arviointikriteerit ylempänä)

Student is able to connect the macroeconomic factors together, he is able to see the crucial linkages in between economical factors.

Arviointikriteerit - kiitettävä (5) (Ei käytössä, kts Opintojakson Arviointikriteerit ylempänä)

Student understands macroeconomic terminology, the connections in between and he is able to experience macro factors within surrounding economies like in form of news and media. He is able to make macroeconomic statements based on given factors.