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.


Gaining a deeper understanding of microeconomic phenomena, mastering basic tools and getting ideas for strategic economic decision-making situations.

Credits: 6

Schedule: 28.10.2020 - 11.12.2020

Teacher in charge (valid 01.08.2020-31.07.2022): Marko Terviö

Teacher in charge (applies in this implementation): Marko Terviö

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


  • Valid 01.08.2020-31.07.2022:

    Using game theory to analyze strategic decision-making situations and to understand oligopolistic markets, using various price differentiation strategies, understanding and solving economic problems caused by asymmetric information, understanding markets with network externalities.

Assessment Methods and Criteria
  • Valid 01.08.2020-31.07.2022:

    Final grade is based on exam (50%), homework exercises (30%), and term paper (20%). In order to pass the course the student must obtain at least 50% of the possible total points for the homework exercises.

  • Valid 01.08.2020-31.07.2022:

    lectures 24 hours, review sessions 10 hours, exam 3 hours, and self-study including homework 123 hours.


Study Material
  • Valid 01.08.2020-31.07.2022:

    Material released at the course web page.

    Textbook by Hal Varian: "Intermediate Microeconomics: A Modern Approach" (9th international student edition)

Substitutes for Courses
  • Valid 01.08.2020-31.07.2022:

    Similar course approved by the instructor.

  • Valid 01.08.2020-31.07.2022:

    Intermediate Microecononomics (ECON-C2100 or 31C00100)

SDG: Sustainable Development Goals

    8 Decent Work and Economic Growth

    9 Industry, Innovation and Infrastructure