JSBP9150 Economics of Business Environment (LITO) (5 cr)

Study level:
Basic studies
Grading scale:
Responsible organisation:
Jyväskylä University School of Business and Economics
Curriculum periods:
2020-2021, 2021-2022, 2022-2023, 2023-2024


The course provides students with basic skills in analysing the business environment and provides an overview of its evolution from an economic perspective. Proactive identification of both opportunities in the business environment and threats to the business environment is increasingly important for successful businesses in the global economy.

During the course, the students will familiarise themselves with:

  • the decision-making processes in companies and among consumers, and how the markets function (microeconomics)
  • economic growth, business cycles, labour markets, inflation, monetary policy and economic policy (macroeconomics)
  • the role of the public sector and the focal public policy instruments in market economies (public economics)
  • international trade, financial markets, European integration and multinational companies (international economy).
Completion methods

On-line course.

Learning outcomes

Upon successful completion of the course, students will be able to:

  • define basic economic concepts
  • understand economic thinking and apply economic theory in the analysis of a business environment and market economies.

The course also develops problem-solving and analysing skills, and critical thinking, as well as developing the skills required to apply theoretical knowledge.

Additional information

The coursebook, course slides, weekly assignments and exams are available in Finnish and English. The videos are in English.

The latest information about the course is updated and published at www.lito.fi.

Description of prerequisites

There are no prerequisites.

Study materials

The electronic coursebook is openly accessible in both English and in Finnish online:
The CORE Team: The Economy. Available at: http://www.core-econ.org.
CORE-työryhmä: Talous. Available at: https://www.core-econ.org/the-economy/fi/

The instructors may assign additional literature during the course.

Completion methods

Method 1

Verkkokurssi. Verkkokurssin suoritustavat tarkennetaan opetusohjelmassa. Arviointi numeerisella asteikolla 1–5. Opintojaksoon kuuluu kolme mahdollisuutta tentin suorittamiseen. Tenttiajankohdat ilmoitetaan kurssialustalla.
Evaluation criteria:
Opintojaksolla vaaditut hyväksytyt suoritukset. Arviointiperusteet tarkennetaan opetusohjelmassa.
Time of teaching:
Period 3, Period 4
Select all marked parts
Parts of the completion methods

Independent study (5 cr)

Independent study
Grading scale:
English, Finnish