Please note! Course description is confirmed for two academic years (1.8.2018-31.7.2020), 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.

LEARNING OUTCOMES

This course introduces the students to topics and methods of modern microeco-nomics at the graduate level. After taking this course, students understand the logic of rational choice and can analyze consimer and firm behavior in diverse settings including choice under uncertainty and over time. They understand the limitations of the rational choice model and are familiar with other approaches in behavioral economics.

Credits: 3

Schedule: 02.09.2019 - 21.10.2019

Teacher in charge (valid 01.08.2020-31.07.2022):

Teacher in charge (applies in this implementation): Juuso Välimäki

Contact information for the course (applies in this implementation):

CEFR level (applies in this implementation):

Language of instruction and studies (valid 01.08.2020-31.07.2022):

English

CONTENT, ASSESSMENT AND WORKLOAD

Content
  • Valid 01.08.2020-31.07.2022:

    The connections between choice, preferences and utility functions
    Consumer choice with linear budget sets, theory of the firm
    Expected utility theory
    Risk and risk attitudes

Assessment Methods and Criteria
  • Valid 01.08.2020-31.07.2022:

    80% Exam
    20% Assignment

Workload
  • Valid 01.08.2020-31.07.2022:

    -Contact Teaching 24h
    -Exercise sessions 8h
    -Exam 2h
    -Independent work 126h

DETAILS

Study Material
  • Valid 01.08.2020-31.07.2022:

    Mas-Colell, Whinston and Green: Microeconomic Theory, OUP, 1995.

    Availability

Prerequisites
  • Valid 01.08.2020-31.07.2022:

    Intermediate microeconomics and mathematics for economists

FURTHER INFORMATION

Description

Registration and further information