LEARNING OUTCOMES
The main objective is to master the microeconomic approach to understanding economic phenomena, and to be able to apply the most widely used tools of microeconomics to solving economic decision problems.
The most important learning objectives are the analysis of competitive markets, basic pricing, decision analysis of firms under uncertainty, welfare analysis of policy interventions in markets, understanding and ameliorating problems with public goods and externalities.
Credits: 5
Schedule: 04.09.2023 - 17.10.2023
Teacher in charge (valid for whole curriculum period):
Teacher in charge (applies in this implementation): Marko Terviö
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:
Microeconomics studies the economy at the level of individual markets/industries and from the point of view of consumers, firms, and governments.
The central content in this course is the demand-supply framework and its various extensions and applications, the basics of the theory of consumer, monopoly and pricing with market power, decision analysis, and public goods.
Assessment Methods and Criteria
valid for whole curriculum period:
exam 60%, assignments 40%
Workload
valid for whole curriculum period:
Lectures 24 hours, optional q&a sessions 10 hours, exam 3 hours, and self-study including homework 123 hours.
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
9 Industry, Innovation and Infrastructure
FURTHER INFORMATION
Further Information
valid for whole curriculum period:
Teaching Language : English
Teaching Period:
2022-2023 Autumn I
2023-2024 Autumn I