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International Economics

International Economics

Code: ECO1LF101
Extent: 5 ECTS
Timing: semesters 3
Language: English
Curriculum: GLOBBA16
Course level: Basic Studies
Course type: compulsory

Starting level and linkage with other courses
No prerequisites.

Learning outcomes
You can analyse and evaluate the effects of the international economic environments on the firm. You understand the theoretical background for international economics. You have a holistic view on the international economic environment. You have developed strategic thinking for international business operations.


  •  macroeconomic goals
  •  economic growth, inflation, unemployment
  •  business cycles
  •  monetary and fiscal policy
  •  comparative advantage
  •  classical trade theories
  •  modern trade theories
  •  tariffs and other trade restrictions
  •  trade arrangements
  •  preferential trade arrangements
  •  exchange rates
  •  open economy macroeconomics

Recognising and validating prior learning (RPL)
If you have acquired the required competence in previous work tasks, recreational activities or on another course, you can show the competence with a demonstration and progress faster through your studies. More information and instructions for RPL are available at MyNet.

Cooperation with the business community
Visiting economists and/or an excursion to a suitable institution.

The course deals extensively with international trade and finance issues both at country and global level. The assignments are international in scope.

Course formats
Contact and distant sessions or virtual course or educationalisation.

Students' performance is graded on the following scale: Excellent (5), Very good (4), Good (3), Satisfactory (2), Fair (1), Fail (0).
Link to the joint assessment grid. The assessment of one’s own learning.

Course teachers
Sami Hartikainen, Matti Perttu

Learning materials
Materials to be announced in the implementation plan.