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: 03.11.2021 - 17.12.2021

Teacher in charge (valid for whole curriculum period):

Teacher in charge (applies in this implementation): Marko Terviö, Eero Nurmi

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


  • valid for whole curriculum period:

    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 for whole curriculum period:

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

  • valid for whole curriculum period:

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


Study Material
  • valid for whole curriculum period:

    Material released at the course web page.

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

Substitutes for Courses
SDG: Sustainable Development Goals

    8 Decent Work and Economic Growth

    9 Industry, Innovation and Infrastructure


Further Information
  • valid for whole curriculum period:

    Teaching Period:

    2020-2021 Autumn II

    2021-2022 Autumn II

    Course Homepage:

    Registration for Courses: In the academic year 2021-2022, registration for courses will take place on Sisu ( instead of WebOodi.