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

Location and time

Week 38 Introduction into Global Political Economy
Week 39 Economic systems
Week 40-1 Globalization
Week 40-2 Political forces in global economy
Week 41 International organisations and international relations
Week 43-1 Inequality and roles of public and private sectors
Week 43-2 Consensus building in political processes & tendering
International trade and its impacts
Week 44 Exam
Week 45-1 Group work presentations I
Week 45-2 Group work presentations II

Materials

Material is provided during the study unit implementation • Literature in Moodle • Lecture slides • Recommendations for online sources (particularly institutions)

Teaching methods

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.

Exam schedules

Week 37 – DL Friday September 17th – First Assignment
Week 40 – DL Friday October 8th – Second Assignment
Week 43 – DL Friday October 29th – Third Assignment
Week 44 & 45 – Thursday Nov. 4th & Wednesday Nov. 10th – Group Work presentations
Week 48 – DL Friday December 3rd – Submission Learning Diary

Any evaluated documents that are insufficient or do not match minimum requirements to pass, need to be revised in order to complete the course.

Completion alternatives

Assessment is based on the process and actual skills and knowledge evaluation.
• Exam (60 %)
• Presentation (40%)
• Assignments (Pass/Fail)


Please note that in study unit assignment returns the plagiarism detection programs (for example Turnitin) will be used. Also notice that you need to use Lapland UAS templates (essay, thesis, report etc) and writing instructions. Textual references must be done according to the given instructions. Please download the thesis template and the referencing instructions here: https://www.lapinamk.fi/en/Students/Study-Guide,-Degree-Programme-Students/Thesis https://lib.luc.fi/c.php?g=662513&p=4803830Submitting assignments against given instructions may lead to failing and other possible consequences according to the Degree Regulations. The utilisation of AI tools (such as for example Chat GPT) is forbidden for any kind of written assignment task that is given, in order to prevent to diminish the individual learning experience.

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.

Assessment methods and criteria

Excellent (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.

Good to Very Good (4):

The student is able to analyse in depth and comprehensive-ly 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.

Good (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.

Satisfactory (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.

Satisfactory (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.

Fail (0):

The student does not complete the assignments/ requirements according to instructions or does not attend the learning situations at all. He/she does not pass the assignments and/or the exam as required.

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.