Credits: 6

Schedule: 28.10.2019 - 09.12.2019

Teacher in charge (valid 01.08.2018-31.07.2020): 

Matti Liski

Teaching Period (valid 01.08.2018-31.07.2020): 

II Autumn (2018-2019), Töölö campus

II Autumn (2019-2020), Otaniemi campus

Learning Outcomes (valid 01.08.2018-31.07.2020): 

This class has the objective of developing microeconomic theory for policymaking and market design. The material is applied to policy cases including regulations in telecommunication, competition law, insurance markets, environmental problems, patents and intellectual property, and market designs for the energy sector.  The students learn the basic conceptual motivations for policy designs, become familiar with the main policy questions in the sectors considered, and acquire analytical and reporting skills.

Content (valid 01.08.2018-31.07.2020): 

Deviations from the competitive outcomes due to externalities, private information, imperfect competition, and missing markets. Policy solutions introduced conceptually and through real cases. Expert lectures on issues in specific sectors.

Assessment Methods and Criteria (valid 01.08.2018-31.07.2020): 

• Exercises: 3 home exercises passed
• Readings: 4 assignments passed
• Case study: scoring 0-5, 40 % of the grading
• Exam: scoring 0-5, 60 % of the grading

Workload (valid 01.08.2018-31.07.2020): 

The course has 4 learning elements: lectures, reading assignments, exercises, and case study.

Lectures (24 h)
• Conceptual background
• Applications and cases introduced

Reading (30 h)
• readings on well-framed problems with real-case connections
• Readings and own search
• 3-5 questions to be analyzed
• Presenting and debating the outcome in the class

Problem sets (24 h)
• Learning methods and applying to cases
• Introduced and discussed in groups during the class
• 3 x 1 compulsory home exercises

Case study (66 h)
• Analyze a case with a topic covered during the course
• Write a 10-12-page report

Study Material (valid 01.08.2018-31.07.2020): 

To be assigned.

Other readings assigned during the course.

Course Homepage (valid 01.08.2018-31.07.2020): 

https://mycourses.aalto.fi/course/search.php?search=31E99906

Prerequisites (valid 01.08.2018-31.07.2020): 

31C01100 Taloustieteen matemaattiset menetelmät, 31C01200 Taloustieteen empiiriset menetelmät or 31C99904 Capstone: Ekonometria ja data-analyysi

or 30C00300 Mathematical Methods for Economists, 30C00200 or 30C00500 Econometrics

Grading Scale (valid 01.08.2018-31.07.2020): 

0 - 5

Registration for Courses (valid 01.08.2018-31.07.2020): 

Course and re-exams in WebOodi.

Further Information (valid 01.08.2018-31.07.2020): 

This course replaces course 31E12100 Microeconomics: Policy.

Starting study year 2017-2018 this course is the Capstone course in the Master's Programme in Economics. Students of the Master's Programme in Economics who have started their master's level studies 1.8.2017 or after that or haven't completed the course 31E12100 Microeconomics: Policy before will complete this course as their Capstone course.

Credit transfer and capstone course

With legitimate grounds (e.g. exchange studies abroad, serious illness – working life and its restraints is not considered a legitimate reason to not complete the capstone course), the student can apply for a credit transfer for a capstone course. However, as a deviation from the common process of credit transfer at the School of Business, the application for credit transfer must be submitted before completing the course represented to substitute the capstone course at the School of Business. The credit transfer should be applied for according to the credit transfer instructions depicted at Into: https://into.aalto.fi/display/eneconomics/Credit+transfer. Based on the credit transfer application, the teacher in charge of the capstone course will decide whether the learning goals for the capstone course can be fulfilled by completing the course the student has represented to substitute the capstone course. The substituting course cannot be a School of Business course.

Description

Registration and further information