Please note! Course description is confirmed for two academic years, 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 introducedReading (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 classProblem sets (24 h)
Learning methods and applying to cases
Introduced and discussed in groups during the class
3 x 1 compulsory home exercisesCase 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
- Teacher: Liski Matti