Please note! Course description is confirmed for two academic years, which means that in general, e.g. Learning outcomes, assessment methods and key content stays unchanged. However, via course syllabus, it is possible to specify or change the course execution in each realization of the course, such as how the contact sessions are organized, assessment methods weighted or materials used.


After this course, the student will have a basic understanding of aggregate economic phenomena including economic growth, business cycles, employment, savings, investment, inflation, fiscal and monetary policy and national accounts

Credits: 6

Schedule: 01.11.2021 - 16.12.2021

Teacher in charge (valid for whole curriculum period):

Teacher in charge (applies in this implementation): Mitri Kitti, Amin Mohazab Rahimzadeh

Contact information for the course (applies in this implementation):

CEFR level (valid for whole curriculum period):

Language of instruction and studies (applies in this implementation):

Teaching language: English. Languages of study attainment: English


  • valid for whole curriculum period:

    Determinants of economic growth. Cyclical economic phenomena and economic policy responses. System of national accounting and external balance.

Assessment Methods and Criteria
  • valid for whole curriculum period:

    Examination, exercises and class contribution.

  • valid for whole curriculum period:

    In total 160h, consisting of lectures and exercises and independent work.


Study Material
  • valid for whole curriculum period:

    Core project: The Economy

Substitutes for Courses
SDG: Sustainable Development Goals

    8 Decent Work and Economic Growth

    10 Reduced Inequality


Further Information
  • valid for whole curriculum period:

    The number of students admitted to the course is restricted to 65. Priority is given to 1) students in BSc programme in Economics, (2) students in BSc programme in Science and Technology and students in BSc programme in Design.

    Teaching Period:

    2020-2021 Autumn II

    2021-2022 Autumn II

    Course Homepage:

    Registration for Courses: In the academic year 2021-2022, registration for courses will take place on Sisu ( instead of WebOodi.