Business Environment in a Global Economy (5cr)

Teachin methods

Daytime learning:

A Canvas learning environment is used to support the implementation, but it is important to take part in teaching and guidance on campus according to schedule. The study unit includes working in pairs or groups. You will receive individual feedback for assignments from the teacher.

Location and time

Please refer to the Timetable Engine at https://lukkarit.laurea.fi/ for the schedule information. Laurea reserves the right to modify the timetable.

Materials

Will be given at the beginning of the study unit

Exam schedules

In order to demonstrate activity, the student must be present at the first contact lesson or notify the teacher in charge of their absence to confirm their participation in the study. Registration will be rejected if the student does not report their absence at the start of the study or the reason for the absence cannot be considered justified. Another student can be taken in their place. The first contact lesson is [insert date.

International connections

Study unit is made in cooperation with the UCLL -Leuven

Student workload

Workload of the study is measured in a way that to acquire the goal competence of the study, one credit corresponds to an average of 26.7 hours of work done by the student. The actual time needed varies e.g. according to prior competence.

Content scheduling

Basics of Econmomis
GDP
Economic Growth and Business Fluctuations
Inflation
Balance of Payments
Country Analysis

Further information

The last study unit implementation for security, safety and risk management students will be arranges on spring semester 2025. In case you have not completed the study unit latest by then, you can attend the study unit implementation targeted for the business management students.

Last implementation targeted for digital service and cyber security students was in spring semester 2025. It is advisable to complete the study unit together with business management students. It is also possible to agree on completing a corresponding study unit outside Laurea (consult your tutor teacher).

Objective

The student is able to
- describe the different economic, social and ecological factors and megatrends affecting the global economy*
- explain the structure of the economy and the different economic policies in a global framework
- describe the history and drivers of international trade
- identify international actors in the global economy

*The verb 'recognize' has been replaced effective 1st of August 2024.

Evaluation scale

H-5