KTTP2110 Basics of Economics (8 cr)

Study level:
Basic studies
Grading scale:
English, Finnish
Responsible organisation:
Jyväskylä University School of Business and Economics
Curriculum periods:
2017-2018, 2018-2019, 2019-2020



Basic concepts and elements of both microeconomic and macroeconomic theories with discussion of their implications for economic policy-making. Basic modeling principles, national income accounting and related statistics are also included in the course.

Completion methods

Book exam (foreign students only): spring semester

Learning outcomes

Learning outcomes At the end of the course the student is expected to be able to:

*comprehend basic economic concepts (f. e. markets, prices, demand, supply, GNP, money, inflation) and their behavior
*apply the concepts and behavior of demand and supply in different market situations, both from a viewpoint of consumers and companies
*evaluate different alternatives and solutions to economic problems
*analyze main factors affecting economic development

Additional information

Timing: 1st year


  • Begg, D., Vernasca, G., Fischer, S. & Dornbusch, R. 2014. Economics. McGraw-Hill Education. 11. edition; ISBN: 0077154517

Completion methods

Method 1

Select all marked parts

Method 2

Select all marked parts
Parts of the completion methods
Unpublished assessment item
Unpublished assessment item