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724832P Economics and The Business Environment, 5 ECTS cr 
Code 724832P  Validity 01.08.2017 -
Name Economics and The Business Environment  Abbreviation Economics and T 
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 

Course slides, weekly assignments and exams are available in Finnish and English. The videos and the course book are in English.


Spring Term 2020

Learning outcomes 

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

During the course, the students will familiarize themselves with the decision-making of firms and 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 (global economy).

Mode of delivery 

Online course

Prerequisites and co-requisites 

No requirements

Recommended or required reading 

The teachers will specify the literature at the beginning of the course.

Assessment methods and criteria 

Individual assignments according to the instructions given at the beginning of the course.

The course includes a compulsory preliminary assignment that has to be completed successfully by a pre-defined date. The instructions for the pre-assignment are given to students who have registered for the course within the registration period

133 hrs (5 ECTS)


Evaluation: numeric, scale 1-5

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

Person responsible 

Samu Kärkkäinen and Sami Remes

E-mail samu.p.p.karkkainen;

Organizing university: University of Jyväskylä

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



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No instruction in WebOodi

Future examinations
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