LEARNING OUTCOMES
After this course, the student will have a basic understanding of the aims and objectives of normative and positive economics. The student understands how markets and other allocation mechanisms operate and how to evaluate their economic performance.
Credits: 6
Schedule: 05.09.2023 - 16.10.2023
Teacher in charge (valid for whole curriculum period):
Teacher in charge (applies in this implementation): Juuso Välimäki
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:
Firms and consumers in modern economies. Utility maximization and consumer welfare. Profit maximization and firms performance. Price mechanism and economics incentives. Strategic interactions and externalities.
Assessment Methods and Criteria
valid for whole curriculum period:
Examination, exercises and class contribution.
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
8 Decent Work and Economic Growth
FURTHER INFORMATION
Further Information
valid for whole curriculum period:
Teaching Language : English
Teaching Period : 2022-2023 Autumn I
2023-2024 Autumn IEnrollment :
A maximum of 65 students can be accepted to the course. Priority is given to:
1.) Students in BSc programme in Economics
2.) Students in BSc programme in Science and Technology and Students in BSc programme in Design
3.) Other Aalto students.