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: 24.10.2023 - 04.12.2023

Teacher in charge (valid for whole curriculum period):

Teacher in charge (applies in this implementation): Kristiina Huttunen

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.


Substitutes for Courses
SDG: Sustainable Development Goals

    8 Decent Work and Economic Growth


Further Information
  • valid for whole curriculum period:

    The course is primarily intended for students in the Bachelor's programme in Economics. This course is only for students who have completed Principles of Economics I (ECON-A2100). 

    Teaching Language : English

    Teaching Period : 2022-2023 Autumn II
    2023-2024 Autumn II

    Enrollment :

    A maximum of 65 students can be accepted to the course. 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
    3.) Other Aalto students.