31E99906 - Capstone: Microeconomic Policy, Lecture, 24.10.2022-5.12.2022

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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

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: 24.10.2022 - 05.12.2022

Teacher in charge (valid for whole curriculum period):

Teacher in charge (applies in this implementation): Matti Liski

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 introduced

    Reading (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 class

    Problem sets (24 h)
    Learning methods and applying to cases
    Introduced and discussed in groups during the class
    3 x 1 compulsory home exercises

    Case study (66 h)
    Analyze a case with a topic covered during the course
    Write a 10-12-page report

DETAILS

Substitutes for Courses
Prerequisites
SDG: Sustainable Development Goals

    8 Decent Work and Economic Growth

FURTHER INFORMATION

Further Information

  • valid for whole curriculum period:

    Teaching Language : English

    Teaching Period : 2022-2023 Autumn II
    2023-2024 Autumn II

Rules of Conduct - Students´ Rights and Responsibilities (in force from 1 August 2020)

Aalto University Code of Academic Integrity and Handling Violations Thereof