Study Guide

Objective

The student understands the connection between economics and politics both in national and global setting.
He/she is able to identify current global challenges and understands the role of different global and local institutions.
The student understands how global challenges impact individuals, companies and societies.
He/she understands global political trends and forces and their connection to business.

Competences: Internationality and Multiculturalism Competence, Economics and Financial Management Competence

Content

- Globalisation

- International trade and its effects

- Inequality

- Political forces in global economy

- International organisations and international relations (IMF, WTO, EU etc.)

- PESTEL analysis

Evaluation scale

H-5

Assessment criteria, satisfactory (1)

Level 1
The student understands current global challenges and how they impact societies, business and individuals.
He/she understands the role of global and local institutions and their connection to business.

Level 2:
The student understands current global challenges and is able to draw the line to previous development(s) in the history of global political economy and how this interacts with impacts towards societies, businesses and individuals.
He/she understands the role of global and local institutions and the connection to business and global political institutions.

Assessment criteria, good (3)

Level 3
The student is able to analyse reasons behind current global challenges and how they impact societies, business and individuals.
He/she is able to analyse impact of global and local institutions and their connection to business and global political institutions, while embedding the theme into either historical or temporary discourses.

Level 4
The student is able to analyse in depth and comprehensively current global challenges and how they impact societies, business and individuals.
He/she is able to analyse impact of global and local institutions and their connection to business and global political institutions, while embedding the theme into multiple historical and temporary discourses.

Assessment criteria, excellent (5)

Level 5
The student is able to critically evaluate reasons behind current and future global challenges and how they impact societies, business and individuals.
The student is able to critically evaluate the impact of global and local institutions and their connection to business, while embedding the theme into multiple historical and temporary discourses.