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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: 21.10.2024 - 02.12.2024

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:

  Reading assignments, problem sets, case study, final exam

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

Study Material

• valid for whole curriculum period:

  To be assigned.
  
  Other readings assigned during the course.

Substitutes for Courses

• valid for whole curriculum period:

  Substitutes for Courses

Prerequisites

• valid for whole curriculum period:

  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: 2024-2025 Autumn II
  2025-2026 Autumn II

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