Students deepen their knowledge in International Economics (finance), and they become familiar with Development Economics.

Defining and measuring development
Population growth and economic development
Urbanisation and rural migration, the role of cities
Agricultural transformation, the global food problem
Economics and the environment, emissions trading
International trade and development, trade policies and export promotion
Foreign finance, investment and aid, microfinance initiatives

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. See MyNet for further RPL information and instructions.

Krugman, P., Obstfeld, M. & Melitz, M. 2019. International Economics. Global ed., 11e. Pearson. Selected chapters.
Todaro, M.P. & Smith, S.C. 2020. Economic Development. (13th ed.). Pearson. Selected chapters.
Lecture notes, articles, …

The student has successfully completed Basic study modules, at least 1. Liiketoimintaosaaja, 4. Tuloksen tekijä, 5. Growing global and FINA Specialization module 1 (Johdatus finanssialalle).

• can define economic development and use various methods how to measure development
• can pinpoint the relationship and difference between the concepts of income, growth, happiness and development
• understands news related to international development economics
• knows where to look for economic and financial information

• is familiar with basic indicators of development, and knows how countries are categorized and compared
• is aware of how countries’ historical experiences have affected their development progress
• is familiar with development planning
• can analyze government failure and the preference for markets over planning
• can satisfactorily link international trade to development topics
• understands the meaning of financial system as well as of macroeconomic policies for development

• can independently analyze potential opportunities in the developing country environment for the firm
• knows some of the central economic theories on information asymmetry, contracts, and risk bearing
• is able to explain several central theories of development, and can identify practical situations where these theories apply
• can independently analyze differences between informal finance (e.g. microfinance) and formal financial systems