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

The online course provides students with basic skills in analyzing the business environment and 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)

The course supports the following UN Sustainable Development Goals:

• Goal 8: Decent work and economic growth

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.

The online course is available in Finnish and in English.

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

Transfer of student information

LITO courses are organised in co-operation with multiple universities. To receive credits for the courses, students must be granted the right to attend the courses for which they have registered from the host university. 

Proper registration for the course at the home university is obligatory and required for gaining credit. Late registrations will not be accepted.

To grant the right to attend a course (or courses), the home university will transfer personal student information to the host university responsible for organising the course. The data to be transferred includes the student’s surname, first name, possible middle name(s), gender, mother tongue, nationality, e-mail address, personal identification number and home university. If a student does not have a Finnish personal identification number, his/her student ID (oid) will be transferred. Data classified as secret will not be transferred. Receiving credit for the course(s) is not possible without transferring personal student information.

LITO Data Protection Notification is available at www.lito.fi.

No prerequisites.

The CORE Team: The Economy 1.0. Available online: https://www.core-econ.org/project/core-the-economy/

The instructors may assign additional literature during the course.