Credits: 3

Schedule: 02.09.2019 - 21.10.2019

Teacher in charge (valid 01.08.2018-31.07.2020): 

Juuso Välimäki

Teaching Period (valid 01.08.2018-31.07.2020): 

Period I in 2019-2020

Course is starting already on 2.9.2019.

Learning Outcomes (valid 01.08.2018-31.07.2020): 

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.

Content (valid 01.08.2018-31.07.2020): 

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 01.08.2018-31.07.2020): 

80% Exam
20% Assignment

Workload (valid 01.08.2018-31.07.2020): 

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

Study Material (valid 01.08.2018-31.07.2020): 

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


Course Homepage (valid 01.08.2018-31.07.2020):

Prerequisites (valid 01.08.2018-31.07.2020): 

Intermediate microeconomics and mathematics for economists

Grading Scale (valid 01.08.2018-31.07.2020): 


Registration for Courses (valid 01.08.2018-31.07.2020): 

Registration to course and exam in WebOodi.

Further Information (valid 01.08.2018-31.07.2020): 

The course is lectured at Economicum (Arkadiankatu 7, Helsinki).



Registration and further information