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 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.

Credits: 6

Schedule: 26.10.2020 - 07.12.2020

Teacher in charge (valid 01.08.2020-31.07.2022): Matti Liski

Teacher in charge (applies in this implementation): Matti Liski

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):

Teaching language: English

Languages of study attainment: English

CONTENT, ASSESSMENT AND WORKLOAD

Content
  • Valid 01.08.2020-31.07.2022:

    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 01.08.2020-31.07.2022:

    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 01.08.2020-31.07.2022:

    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

DETAILS

Study Material
  • Valid 01.08.2020-31.07.2022:

    To be assigned.

    Other readings assigned during the course.

Prerequisites
  • Valid 01.08.2020-31.07.2022:

    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

SDG: Sustainable Development Goals

    8 Decent Work and Economic Growth

FURTHER INFORMATION

Description

Registration and further information