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.
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.
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):
CONTENT, ASSESSMENT AND WORKLOAD
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
-Contact Teaching 24h
-Exercise sessions 8h
-Independent work 126h
Mas-Colell, Whinston and Green: Microeconomic Theory, OUP, 1995.
Intermediate microeconomics and mathematics for economists
- Teacher: Juuso Välimäki