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.


The course starts by developing the basis for behavioral decision-making, integrating more realistic human psychology into economic models. We apply these ideas to household and corporate financial behavior. We then harness this knowledge to understand the central issues in the emerging field of sustainable finance. The end goal is to equip students with the capability and motivation to follow the research and development of this field, facilitating the potential for positive societal contributions throughout their careers. Widespread understanding of sustainable finance is a key prerequisite in transitioning into a sustainable global economic system, and curbing and mitigating grand societal problems, such as climate change.

Credits: 6

Schedule: 14.09.2021 - 14.10.2021

Teacher in charge (valid for whole curriculum period):

Teacher in charge (applies in this implementation): Markku Kaustia, Rahul Gaikwad

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


Assessment Methods and Criteria
  • valid for whole curriculum period:

    Autumn 2020:

    Lectures, assignments and mid-terms exams.

  • valid for whole curriculum period:

    Mid-term exams I (30%) Assignments (70%)



Substitutes for Courses
SDG: Sustainable Development Goals

    1 No Poverty

    8 Decent Work and Economic Growth


Further Information
  • valid for whole curriculum period:

    It is possible to include only one of the courses (FIN-E307 or 28E00100) to the M.Sc. degree.

    Teaching Period:

    2020-2021 Autumn I

    2021-2022 Autumn I

    Course Homepage:

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

    A maximum of 80 students can be accepted to the course.

    Students at Aalto Finance M.Sc. programme (i.e. who have graduated as B.Sc.) will be guaranteed a seat on Finance M.Sc. courses. Finance M.Sc. students re-taking the course (grade already registered in WebOodi) will not be prioritized and can participate only if there are places remaining.

    CEMS students are similarly guaranteed a seat for Finance M.Sc. courses, which have been designated as CEMS courses.

    Remaining seats are prioritized as follows:

    1. Finance M.Sc. exchange students from other universities

    2. Aalto Finance B.Sc. students with a finished B.Sc. thesis (registered in transcript of records)

    3. All other M.Sc. students at the School of Business