•   International Economics ECO1LF101-3027 23.05.2022-15.06.2022  5   (EVENING, ...) +-
    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

    Class teaching /discussions
    Flipped classroom learning
    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.
    Lecture notes, articles, …
    Assignments: Trade Policy Reviews, WTO (www.wto.org)

    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 finance issues both at country and global level. The assignments are international in scope.
    Multicultural learning teams.

    Timing

    23.05.2022 - 15.06.2022

    Learning assignments

    • Assignments on a target market’s economic and trade developments -> combining all assignments to a target market report (individual + team) • Assignments - quizzes - weekly economic and business reviews - other, e.g. Learning Café - textbook theory exercises and explanations - general activity in the class • Examination

    Enrollment

    13.04.2022 - 20.05.2022

    Groups
    • EVENING
    • KESÄ2022
    • BLENDED
    • EXCH
    Teachers

    Sami Hartikainen

    Seats

    15 - 40

    Further information

    • Target market report (individual + team) + Assignments (including presentations) and general activity in the class 50%
    • Examinations 50%

    Degree Programme

    GLOBBA Degree Programme in International Business

    R&D proportion

    0.00 cr

    Virtual proportion

    0.00 cr

    Evaluation scale

    H-5