Study Guide

Objectives (course unit)

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

Content (course unit)

• 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?

Assessment criteria, satisfactory (1-2) (course unit)

The student can give the fundamentals for the question: What is global economics about? He/she recognises the difference between micro and macro economy and is able to name essential factors in the field of macro economy. He/she manages to identify the factors that affect an economy. The student can give and receive feedback.

Assessment criteria, good (3-4) (course unit)

The student applies the connections between global economic factors like GDP, GNP, inflation, interest rates and other relevant macro-economic factors. He/she knows the relevant terms and connections and can explain basic cause-effect relationships. He/she sees the importance of global trade and adopts various macro theories. The student gives and receives constructive feedback and develops his/her skills for co-operation.

Assessment criteria, excellent (5) (course unit)

The student analyses and translates the connections within global economy factors. He/she can generalise complicated theories by seeing the relevancy behind the economic signals. He/she can explain economic fluctuations and reasons behind them. He/she justifies outcome for various global assumptions, formulating the impacts of GDP, inflation, employment and other factors related. He/she finds the links between global economy factors by evaluating the information available. The student uses feedback to grow professionally, he/she develops creative and flexible mindset and works in a responsible manner.

Location and time

Tampere, TAMK Kuntokatu

Exam schedules

To be informed during the first lecture

Assessment scale

0-5

Teaching methods

Contact teaching with team working, on-line studies optional depending on the conditions

Learning materials

Materials and links dedicated by the lecturer

Student workload

The course is 3cr (27h each), which is based on lectures, team working and individual studying

Content scheduling

There are 5 * 3h lectures, according the schedule set

Completion alternatives

Not available, the course is based on contact teaching

Practical training and working life cooperation

N/A

International connections

An international implementation