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: 01.11.2021 - 13.12.2021
Teacher in charge (valid for whole curriculum period):
Teacher in charge (applies in this implementation): Matti Liski, William Ogden
Contact information for the course (applies in this implementation):
CEFR level (valid for whole curriculum period):
Language of instruction and studies (applies in this implementation):
Teaching language: English. Languages of study attainment: English
CONTENT, ASSESSMENT AND WORKLOAD
Content
valid for whole curriculum period:
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 for whole curriculum period:
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 for whole curriculum period:
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 for whole curriculum period:
To be assigned.
Other readings assigned during the course.
Substitutes for Courses
valid for whole curriculum period:
Prerequisites
valid for whole curriculum period:
SDG: Sustainable Development Goals
8 Decent Work and Economic Growth
FURTHER INFORMATION
Further Information
valid for whole curriculum period:
This course replaces course 31E12100 Microeconomics: Policy.
Starting study year 2017-2018 this course is the Capstone course in the Master's Programme in Economics. Students of the Master's Programme in Economics who have started their master's level studies 1.8.2017 or after that or haven't completed the course 31E12100 Microeconomics: Policy before will complete this course as their Capstone course.
Credit transfer and capstone course
With legitimate grounds (e.g. exchange studies abroad, serious illness working life and its restraints is not considered a legitimate reason to not complete the capstone course), the student can apply for a credit transfer for a capstone course. However, as a deviation from the common process of credit transfer at the School of Business, the application for credit transfer must be submitted before completing the course represented to substitute the capstone course at the School of Business. The credit transfer should be applied for according to the credit transfer instructions depicted at Into: https://into.aalto.fi/display/eneconomics/Credit+transfer. Based on the credit transfer application, the teacher in charge of the capstone course will decide whether the learning goals for the capstone course can be fulfilled by completing the course the student has represented to substitute the capstone course. The substituting course cannot be a School of Business course.Teaching Period:
2020-2021 Autumn II
2021-2022 Autumn II
Course Homepage: https://mycourses.aalto.fi/course/search.php?search=31E99906
Registration for Courses: In the academic year 2021-2022, registration for courses will take place on Sisu (sisu.aalto.fi) instead of WebOodi.