International EconomicsLaajuus (5 cr)

Learning objectives

Students develop their knowledge of International Economics.

Contents

Classic and modern trade theories
Trade policy
Foreign exchange markets
Exchange rate determination
Exchange rate regimes
Economic integration

Lähtötaso ja sidonnaisuudet muihin opintojaksoihin

The student has successfully completed Principles of Economics (Yritykset, kuluttajat ja yhteiskunta), or equivalent.

Implementation methods, demonstration and Work&Study

Project counseling and contact lessons. Class-based learning, and team project, assignments, and independent work. Examination.
If the student has obtained the relevant knowledge and skills elsewhere, for example at work, s/he can demonstrate the knowledge and skills through the RPL process.

Assessment criteria - grade 1

When the implementation type of the course is CONTACT, ONLINE or BLENDED it is required that the student is present during those teaching hours that are marked in the study schedule. If you are absent more than 25 %, your grade will be lowered by one. If you are absent more than 50 %, the course is failed.

• knows some of the basic concepts of international economics
• knows some of the economic mechanisms in the international economic sphere
• in a team, is capable of analyzing some of the effects of the international economy on the firm
• understands news related to international economics
• knows where to look for information

Assessment criteria - grade 3

• knows how economics is related to international economics
• knows core concepts of both international trade and international finance
• can independently analyze effects of international trade and international finance on the firm
• feels comfortable when working in a team
• in a team, can make suggestions for preventive measures

Assessment criteria - grade 5

• has a very good understanding of the potential effects of international trade and international finance on the firm
• has a very good understanding of different models used in international economics
• can independently analyze potential opportunities in the international environment for the firm

Learning materials

Krugman, P., Obstfeld, M. & Melitz, M. 2019. International Economics. Global ed., 11e. Pearson. Selected chapters.
Hubbard, R.G. & O’Brien, A.P. 2019. Essentials of Economics. 6e. Pearson. Selected chapters. Or similar.
Lecture notes, articles, …