Student who has completed this course or acquired equivalent competence:
-knows the structure of the economy and identifies the most significant drivers of economic change
- understands the role of the public sector, consumers and businesses in society as a builder of wealth and well-being
-knows the principles of economic decision-making
-knows what is meant by corporate social responsibility and how the circular economy and sustainable development are promoted in business operations
- knows the key concepts and indicators of the economy
- understands current phenomena and trends in the global economy and their impact on the operations and competitiveness of companies.

No prior studies required
The Principles of Economics is key competences of qualification.

- Economic growth, gross domestic product and well-being
- Economic sectors and actors
- Supply, demand and the markets
- Inequality
- Circular economy and sustainable development
- Globalization and foreign trade
- Economic policy

The student can describe:
- the importance of the economy and politics as a basis for the functioning of society
- economic phenomena, and is familiar with key economic concepts
- the structure of the economy and is familiar with the key international economic relations
- the principles of the circular economy, as well as the behavior and economic decision-making of people and businesses.

The student:
- can estimate the impact of economic phenomena on their own activities, on consumers and on businesses
- can interpret key basic economic concepts
- can describe economic phenomena and their impact on the operating environment
- knows the role of Finnish society in the European Union and in the wider international community
- can assess the importance of the circular economy in society. Knows and understands the behaviour and economic decision-making of people and companies.

The student can analyse
- the impact of economic phenomena on the operating environment
- masters the basic economic concepts excellently
- its own and the company's operations based on economic phenomena
- the future impact of the circular economy on society
- the impact of human and business behaviour and economic decision-making on the functioning of the overall economy.

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.