•   International Economics ECO1LF101-3022 23.08.2021-17.12.2021  5   (EXCH, ...) +-
    Learning objectives
    Students develop their knowledge of International Economics.
    Starting level and linkage with other courses
    No prerequisites.
    Contents
    Macroeconomics
    • economic growth, unemployment and inflation
    • money
    • fiscal and monetary policy

    International Economics
    • classical and modern trade theories
    • trade policy
    • exchange rates
    • exchange rate mechanisms
    • WTO, economic integration
    Assessment criteria
    Assessment criteria - grade 1
    Knowledge
    You know the key concepts within the course’s scope, but are yet to develop the general view and the big picture of the subject matter.

    Skills
    You can complete given tasks and assignments with assistance.

    You need to develop how to apply knowledge.

    Competence
    You demonstrate some ability to perform skills and have basic knowledge, but you have difficulty to manage without assistance.
    Assessment criteria - grade 3
    Knowledge:
    You know the key concepts well and can explain how the theories and models function and the tools are used. You have a general view of the subject matter.

    Skills:
    You complete given tasks and assignments independently. You apply knowledge in hands-on business related situations. You can critique your own practice and identify ways to improve.

    Competence
    You demonstrate sufficient ability to perform skills and have basic to good knowledge. You can perform independently, but you have some challenges in passing on your skills and knowledge to others. You have an interest in professional development.
    Assessment criteria - grade 5
    Knowledge
    You have a strong command of the key and related concepts. You can critically evaluate theories, models and tools. You can demonstrate explicit knowledge of the subject matter, and how it relates to other disciplines.

    Skills
    You apply knowledge in demanding business related situations. You can prioritize and critically select tools and methods for solving complex problems in the subject matter.

    Competence
    You execute skills with natural proficiency and you have detailed and explicit knowledge. You can perform independently and you are also able and actively willing to help others develop and pass on your skills. You have an attitude of continuous professional development.
    Further information
    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.

    Teaching methods and instruction

    Contact sessions
    Individual and team assignments
    Learning cafés

    Learning material and recommended literature

    Macroeconomics:
    Hubbard, R.G. & O’Brien, A.P. 2019. Essentials of Economics. 6e, or older. Pearson Education International. New York. Selected chapters. Or similar.
    International Economics:
    Krugman, P., Obstfeld, M. & Melitz, M. 2019. International Economics. Global ed., 11e. Pearson. Selected chapters.
    or,
    Husted, S. & Melvin, M. 2013. International Economics. Int’l ed., 9e. Pearson. Selected chapters. Available also as an eBook.
    Material available in Moodle
    Recommended reading

    Working life connections

    Cases, examples and exercises are business related.

    Campus

    Pasila Campus

    Exam dates and re-exam possibilities

    Exam and re-exam dates are announced in Moodle.

    Teaching language

    English

    Internationality

    The course deals intensively with international trade and international monetary economics issues both at country and global level. Multicultural learning teams.

    Timing

    23.08.2021 - 17.12.2021

    Learning assignments

    Course work Assignments Self-study Examination

    Enrollment

    14.06.2021 - 20.08.2021

    Content scheduling

    Teaching during the fall semester 2021.
    Further details in Moodle.

    Groups
    • EXCH
    • LF3PB
    Teachers

    Sami Hartikainen

    Seats

    15 - 35

    Further information

    Target market report + assignments 50%
    Examination 50%

    Degree Programme

    GLOBBA Degree Programme in International Business

    R&D proportion

    0.00 cr

    Virtual proportion

    0.00 cr

    Evaluation scale

    H-5