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Future Planning Methods for Global Business

Future Planning Methods for Global Business

Code: ECO8LF001
Extent: 3 ECTS (81h)
Timing: Semester 4-7
Language: English
Level: Joint Professional Studies
Type: Free-choice studies

Prerequisites

Sustainable Global Environment (ECO1LF001) and Global Business Environment (IBU2LF001) completed.

Learning outcomes

Upon successful completion of the course, the student

  • becomes familiar with the basic methods used in the economic forecasting
  • knows the scenario work as a tool and is able to apply it
  • becomes familiar with the credit rating  
  • understands the risks included in the global financial system from business point of view
  • has enhanced his/her HH3S competences as applicable to the course.

Course contents

  • economic forecasting
  • scenario work as a future planning method
  • introduction to credit rating
  • financial crises and their consequences to economies and businesses

Company with the business community

Company visit, international approach utilized with course themes and topics, real business-based examples and cases.

International dimension

Contributions by the multinational student groups, use of international cases.

Teaching and learning methods

  • Contact lessons 
  • Case studies 
  • E-learning
  • Independent self-study
  • Workshops
  • The assessment of one’s own learning 1 h

Accreditation of prior learning

Accreditation of prior learning is based on the course according to separate instructions.

Teacher with the main responsibility for the course

Matti Perttu

Course material

Essential course materials are provided during the course as hand-outs, online resources and e-learning materials.

Assessment criteria

Grade/Learning outcomes

1 (Min. 40%
competence level)
3 (Min. 70%
competence level)
5 (Min. 90%
competence level)
Knowledge

The student knows the basic methods and tools used in economic forecasting and risk assessment and is familiar with the scenario work as a future planning method.

The student knows the different methods and tools used in economic forecasting and risk assessment. He/she has a good understanding of the scenario work as a future planning method.

The student has a very good understanding of different methods and tools used in economic forecasting and risk assessment. He/she
masters the scenario work as a future planning method very well.

Skills

The student can fairly cope with analyzing some of the effects of future economic risks to a firm. He/she is fairly capable to use the scenario work as a tool for a firm’s future planning.

The student is capable of analyzing effects of a given future economic risk to a firm. He/she is independently capable of applying the scenario work in a firm’s future planning.

The student can independently analyze potential economic risks in international environment and their consequences to a firm. He/she is independently capable of applying the scenario work in a firm’s future planning in an very good way.

Competence

The student is fairly able to look for and to apply economic risk analysis information and data to a firm’s future planning. The student shows poor service and sales orientation as required by the HH3S policy.

The student is able to look for and to apply economic risk analysis information and data to a firm’s future planning. The student shows good service and sales orientation as required by the HH3S policy.

The student is able to make a risk analysis applying economic risk analysis information and data to a firm’s future planning. The student shows excellent service and sales orientation as required by the HH3S policy.

Modes of assessment and their respective weights

Future Planning Report 40%
Presentations and active contribution 30%
Team work 30%

The assessment of one's own learning does not influence the course grade. The assignment is the same for all courses/modules and the answers will also be used for course/module development. The assignment is completed on an E-form.