LEARNING OUTCOMES
After this course, the student will have a basic understanding of economics and will be able to apply economic thinking to practical societal issues. The student understands how markets and other allocation mechanisms operate and how to evaluate their economic performance. The student will also understand how market power and externalities lead to market inefficiencies and the policy responses to these problems. In addition, the student will have a basic understanding of aggregate economic phenomena including economic growth, business cycles, unemployment, savings, investment, inflation, fiscal and monetary policy and national accounts.
Credits: 6
Schedule: 28.02.2023 - 21.04.2023
Teacher in charge (valid for whole curriculum period):
Teacher in charge (applies in this implementation): Tuukka Saarimaa
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:
The course is an introduction to economic way of thinking and provides an overview of how the economy operates. During the course, we will analyze the behavior of individuals and firms and their strategic interactions, market power and externalities, determinants of business cycles, inflation and economic growth and economic policy responses.
Assessment Methods and Criteria
valid for whole curriculum period:
Examination and exercises
Workload
valid for whole curriculum period:
In total 160h, consisting of lectures and exercises and independent work.
DETAILS
Substitutes for Courses
valid for whole curriculum period:
Prerequisites
valid for whole curriculum period:
SDG: Sustainable Development Goals
1 No Poverty
2 Zero Hunger
8 Decent Work and Economic Growth
FURTHER INFORMATION
Further Information
valid for whole curriculum period:
Teaching Language : English
Teaching Period:
2022-2023 Spring IV
2023-2024 Spring IVThis course is mainly targeted for non-business students at Aalto.
Kauppakorkeakoulun 1. vuoden opiskelija: huomaathan, että Principles of Economics -kurssia ei oteta huomioon kauppatietieden kandidaattiohjelman pääainevalinnassa.