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
After this course, the student will have a basic understanding of the aims and objectives of normative and positive economics. The student understands how markets and other allocation mechanisms operate and how to evaluate their economic performance.
Credits: 6
Schedule: 08.09.2020 - 19.10.2020
Teacher in charge (valid 01.08.2020-31.07.2022): Juuso Välimäki
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):
Teaching language: English
Languages of study attainment: English
CONTENT, ASSESSMENT AND WORKLOAD
Content
Valid 01.08.2020-31.07.2022:
Firms and consumers in modern economies. Utility maximization and consumer welfare. Profit maximization and firms performance. Price mechanism and economics incentives. Strategic interactions and externalities.
Assessment Methods and Criteria
Valid 01.08.2020-31.07.2022:
Examination, exercises and class contribution.
Workload
Valid 01.08.2020-31.07.2022:
In total 160h, consisting of lectures and exercises and independent work.
DETAILS
Study Material
Valid 01.08.2020-31.07.2022:
Core project: The Economy
Prerequisites
Valid 01.08.2020-31.07.2022:
No prerequisites
Registration for Courses
Valid 01.08.2020-31.07.2022:
via WebOodi
Applies in this implementation:
A syllabus describing the contents of the course in more detail is in the material section.
SDG: Sustainable Development Goals
8 Decent Work and Economic Growth
FURTHER INFORMATION
Further Information
Valid 01.08.2020-31.07.2022:
A maximum of 65 students can be accepted to the course. Priority is given to:
1. Students in BSc programme in Economics (quota 45 students)
2. Students in BSc programme in Science and Technology and Students in BSc programme in Design (quota 5 students)
3. Other Aalto students (quota 15 students)
In each quota students are selected in the order of enrollment. If a given quota is not filled, more students from other quotas can be accepted to the course.Applies in this implementation:
A syllabus describing the contents of the course in more detail is in the material section.
Details on the schedule
Applies in this implementation:
The course is delivered in person and streamed online during normal lecture hours.
- Teacher: Välimäki Juuso