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International Economics

International Economics

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

Starting level and linkage with other courses
No prerequisites.

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



  • 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

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
Guest speakers, real business-based examples and cases.

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, Jari Kaari

Learning materials
Materials to be announced in the implementation plan.