Credits: 6

Schedule: 10.09.2019 - 21.10.2019

Teacher in charge (valid 01.08.2018-31.07.2020): 

Juuso Välimäki

Teaching Period (valid 01.08.2018-31.07.2020): 

I Autumn (2019-2020)

Learning Outcomes (valid 01.08.2018-31.07.2020): 

After this course, the student will have a basic understanding of the aims and objectives of normative and positive economics. The student understands how markets and other allocation mechanisms operate and how to evaluate their economic performance.


Content (valid 01.08.2018-31.07.2020): 

Firms and consumers in modern economies. Utility maximization and consumer welfare. Profit maximization and firms’ performance. Price mechanism and economics incentives. Strategic interactions and externalities.

Assessment Methods and Criteria (valid 01.08.2018-31.07.2020): 

Examination and exercises

Workload (valid 01.08.2018-31.07.2020): 

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

Study Material (valid 01.08.2018-31.07.2020): 

Core project: The Economy

Prerequisites (valid 01.08.2018-31.07.2020): 

No prerequisites

Grading Scale (valid 01.08.2018-31.07.2020): 


Registration for Courses (valid 01.08.2018-31.07.2020): 

via WebOodi

Further Information (valid 01.08.2018-31.07.2020): 

A maximum of 60 students can be accepted to the course. Priority is given
1. Students in BSc programme in Economics (quota 40 students)
2. Students in BSc programme in Science and Technology and Students
in BSc programme in Design (quota 5 students)
3. Other Aalto students (quota 15 students)
In each quota students are selected in the order of enrollment. If a given
quota is not filled, more students from other quotas can be accepted to the


Registration and further information