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724831P Introduction to Business Law, 5 ECTS cr 
Code 724831P  Validity 01.08.2017 -
Name Introduction to Business Law  Abbreviation Introduction to 
Scope5 ECTS cr   
TypeBasic Studies Discipline6337 Economics and Business Administration 
  Grading1 - 5, pass, fail 
Unit Oulu Business School 

ECTS Credits 

5 credits

Language of instruction 



Autumn Term 2019

Learning outcomes 

After the course, the student will:

-       know the main features of the Finnish legal system, its connections to other legal sys­tems and the most important legal concepts and structures, particularly from the business perspective

-       know the different sources of law and the fundamentals of how to solve legal problems

-       understand the role of law as a system that steers society and its importance in the core of business activities

-       understand how and why a company should prepare for the legal risks of a business, how to manage the risks and how to take the legal aspect into account in the firm’s decision-making

-       know the basic content of key areas of business law, company law in particular, contract law, immaterial law, labour law, competition law and tax law (tax law accounts for 30 % of the course)


-       the structure of the Finnish legal system and its relationship to other legal systems

-       basic legal concepts and structures

-       relevance of law in the core of societal decision-making and business activities

-       risks and possibilities that law provides for business

-       legal risk management in business

-       sources of law and their mutual relationship

-       the fundamentals of solving legal problems

-       basics of company law

-       basics of contract law

-       basics of immaterial law

-       basics of labour law 

-       basics of tax law (tax law accounts for 30 % of the course)

-       basics of competition law

Mode of delivery 

Online course

Learning activities and teaching methods 

The purpose of the course exercises is to repeat the main issues and to deepen the student’s understanding by transferring theoretical knowledge into practice. Exercises deal with, for example, the basic concepts and structures of the legal system, recognizing legal problems and the basics of different fields of business law, including case exercises.

133 hrs (5 ECTS)

Prerequisites and co-requisites 

No requirements

Recommended or required reading 

Literature will be assigned by the teacher at the beginning of the course.

Assessment methods and criteria 

The course exam is open on three occasions. The dates for taking the exam are announced on the course platform.


Students are graded on a scale from 1 to 5 based on the course exam.

Person responsible 

Martti Nieminen (contact person), Lassi Salminen, Jenni Similä


Organizing university: Tampere University

Other information 

No restrictions for the number of students admitted. Appropriate registration for a course is obligatory and required for having the course credits re­gistered. No late registrations are accepted.

LITO courses are organised in co-operation with multiple universities. To enable registering credits when the course is completed, it is necessary to transfer data about the student from his/her home university to the university that is responsible for organizing the course. The data to be transferred consists of: name, gender, nationality, e-mail address, personal identification number and the home university. Data that is classified as secret is not transferred. Without a data transfer it is not possible to have the course credits registered.

The latest information about the course is updated and published on the course platform at


Current and future instruction
Functions Name Type ECTS cr Teacher Schedule
Registration Introduction to Business Law  Course    18.10.21 -12.12.21

Future examinations
No examinations in WebOodi