Helsinki GSE Master’s programs offer a wide selection of courses covering all the main fields of economics. Our courses enable our students to learn the essential core of economics at an advanced level, while providing them with the possibility to tailor their education according to their specific interests.

Helsinki GSE students can take economics courses from each of the three Helsinki GSE universities: Aalto University, Hanken School of Economics and University of Helsinki. The listing below represents our course offering covering all the courses included in the Helsinki GSE cooperation 2020-2021.

All the Helsinki GSE member universities recommend remote teaching for the academic fall term 2020 (or at least for the first period). Hence, all the courses included in the Helsinki GSE cooperation will be held remotely during the fall. To have up-to-date information, please follow this webpage, and those of the individual courses.

How to enroll in the courses?

How the credits are registered?

Self study materials for the rMSc students

Math Camp 2020

Academic year 2020-2021 courses are listed below

Master’s Program in Agricultural, Environmental and Resource Economics (AGERE, University of Helsinki) is joining in the teaching cooperation and their courses will be available for all the Helsinki GSE students in Economics. The courses are listed below: use the filter “UH courses (AGERE)”.

  • Advanced Econometrics 1

    This course introduces the basic methods used in the linear regression analysis of economic variables. The classical finite sample theory and asymptotic analysis of the linear regression model as well as the necessary methodological tools required for these topics are covered. Specifically, the topics covered in the course include

    • Classical finite sample theory in the linear regression model
    • The basics of asymptotic theory
    • Asymptotic theory in the linear regression model
    • Autocorrelation, heteroskedasticity and dynamic regressors
    • Specification tests
    • Omitted variables, instrumental variables and the two-stage least squares estimator (2SLS)

    Schedule (24 hours lectures and 8 hours exercises)

    Lectures (corrected Sep 10th)

    Thu 3.9. 14-16
    Fri 4.9. 12-14
    Thu 10.9. 14-16
    Fri 11.9. 12-14
    Thu 17.9. 14-16
    Fri 18.9. 12-14
    Thu 24.9. 14-16
    Fri 25.9. 12-14
    Thu 1.10. 14-16
    Fri 2.10. 12-14
    Thu 8.10. 14-16
    Fri 9.10. 12-14

    Exercises

    Thu 17.9. 10-12
    Thu 1.10. 10-12
    Thu 8.10. 10-12
    Thu 15.10. 10-12

    Exams

    Final exam: 23.10.2020, 12-14

    Retake exam: 11.12.2020, 12-14

     

    After the course, the student should

    • Know the main properties and limitations of the linear regression model
    • Be familiar with the basics of asymptotic analysis
    • Be able to employ the linear regression model and related inferential methods in empirical research

     

    • Instructor: Mika Meitz
    • Organizer: University of Helsinki
    • Course Homepage: WebOodi
    • Credits: Aalto 5 cr / Hanken 5 cr / UH 5 cr
    • Format: lecture
    • Course codes
      Aalto: ECON-L4100
      Hanken: 26053
      UH: ECOM-R314
    • Target: PhD MSc rMSc
      Aalto
      Hanken
      UH
      FDPE
    • Time: 3 Sep 2020 – 23 Oct 2020
  • Advanced Econometrics 2

    This course covers a number of topics beyond the standard linear regression model, including estimation methods other than least squares, such as the generalised method of moments and maximum likelihood estimation. In addition, simulation-based methods as well as basic nonparametric inference widely employed in empirical econometric research are discussed. Specifically, the topics covered in the course include

    • The generalised method of moments
    • Maximum likelihood estimation (basic concepts, asymptotic estimation theory, statistical inference)
    • Simulation methods (Monte Carlo simulations, Bootstrap)
    • Nonparametric methods (kernel density estimation, semi- and nonparametric regression)

    After the course, the student should know the properties of the estimators introduced and be able to apply them and the related inferential procedures in empirical work. The course should also give a solid foundation for the study of more specialised microeconometric and time series methods. In addition, a sufficient level of proficiency in simulation-based and basic nonparametric methods should be reached to enable critical evaluation of the empirical results obtained by these methods.

    • Instructor: Mika Meitz
    • Organizer: University of Helsinki
    • Course Homepage: WebOodi
    • Credits: Aalto 5 cr / Hanken 5 cr / UH 5 cr
    • Format: lecture
    • Course codes
      Aalto: ECON-L4200
      Hanken: 26054
      UH: ECOM-R315
    • Target: PhD MSc rMSc
      Aalto
      Hanken
      UH
      FDPE
    • Time: 29 Oct 2020 – 18 Dec 2020
  • Advanced Econometrics 3: Macroeconometrics

    This course covers a number of models and methods employed in time series econometrics. The emphasis is on univariate models, but vector autoregressive models are also discussed. Specifically, the topics covered on the course include the following:

    • Basic time series concepts
    • Methods for stationary univariate data: ARMA models, ARCH models
    • Nonstationarity (unit roots, cointegration)
    • Vector autoregressive models

    After the course, the student should

    • Know the basic properties of the time series models and the related methods introduced
    • Be able to critically follow empirical research that employs them
    • Be able to apply them in empirical research
    • Have the basic knowledge for more advanced methodological and applied studies in time series econometrics

    • Instructor: Simone Maxand
    • Organizer: University of Helsinki
    • Course Homepage: WebOodi
    • Credits: Aalto 5 cr / Hanken 5 cr / UH 5 cr
    • Format: lecture
    • Course codes
      Aalto: ECON-L4300
      Hanken: 26055
      UH: ECOM-R321 (MSc code) / DPE-9321 (PhD code)
    • Target: PhD MSc rMSc
      Aalto
      Hanken
      UH
      FDPE
    • Time: 21 Jan 2021 – 12 Mar 2021
  • Advanced Econometrics 4: Microeconometrics

    This course covers a number of central models and methods employed in modern microeconometric research. The emphasis is on different types of dependent variables and data structures (cross section and panel data). The connection between economic theory and empirical methods is emphasized. Specifically, the topics covered in the course include
    1. Discrete choice models
    2. Tobit models
    3. Sample selection models
    4. Survival / duration analysis
    5. The bounds approach
    6. Panel data estimators
    7. Calculation of standard errors

     

    After the course, the student should know the basic properties and limitations of the microeconometric models discussed, and be able to implement them in empirical research. The student also appreciates the connections between economic theory and empirical methods. The course also works as a foundation for more ad-vanced methodological and applied courses in microeconometrics.

    • Instructor: Ciprian Domnisoru
    • Organizer: Aalto University
    • Course Homepage: WebOodi
    • Credits: Aalto 5 cr / Hanken 5 cr / UH 5 cr
    • Format: lecture
    • Course codes
      Aalto: ECON-L4400
      Hanken: 26056
      UH: ECOM-R320 (MSc code) / DPE-9320 (PhD code)
    • Target: PhD MSc rMSc
      Aalto
      Hanken
      UH
      FDPE
    • Time: 16 Mar 2021 – 14 May 2021
  • Advanced Macroeconomics 1

    The course first covers the deterministic version of the Ramsey-Cass-Koopman growth model, both in discrete and continuous times, and solves it using an infinite horizon Lagrangian/Hamiltonian. The model is then used to study taxation. Two approaches are covered: the case where taxes are exogenously given and when they result from optimisation of the Ramsey planner. Finally, the course introduces dynamic programming and value function iteration methods and compares them with the above-mentioned methods in the same model environment.

    Schedule (24 hours lectures and 8 hours exercises)

    Lectures

    Tue 1.9. 10-12
    Wed 2.9. 10-12
    Tue 8.9. 10-12
    Wed 9.9. 10-12
    Tue 15.9. 10-12
    Wed 16.9. 10-12
    Tue 22.9. 10-12
    Wed 23.9. 10-12
    Tue 29.9. 10-12
    Wed 30.9. 10-12
    Tue 6.10. 10-12
    Wed 7.10. 10-12

    Exercises

    Wed 16.9. 14-16
    Wed 23.9. 14-16
    Wed 7.10. 14-16
    Wed 14.10. 14-16

    Exams

    Final exam: 21.10.2020, 12-14

    Retake exam: 9.12.2020, 12-14

     

    After the course, the student should

    • Understand and be able to reproduce the deterministic version of the Ramsey-Cass-Koopman macroeconomic model, in both discrete and continuous time (infinite horizon Lagrangian and Hamiltonian techniques)
    • Understand the difference between exogenous and optimal taxation in the above framework, and be able to reproduce both approaches technically
    • Be able to solve the models with dynamic programming and value function iteration methods and understand the advantages of the model over the Lagrangian/Hamiltonian structures

     

     

    • Instructor: Oskari Vähämaa
    • Organizer: University of Helsinki
    • Course Homepage: WebOodi
    • Credits: Aalto 5 cr / Hanken 5 cr / UH 5 cr
    • Format: lecture
    • Course codes
      Aalto: ECON-L3100
      Hanken: 26049
      UH: ECOM-R312
    • Target: PhD MSc rMSc
      Aalto
      Hanken
      UH
      FDPE
    • Time: 1 Sep 2020 – 21 Oct 2019
  • Advanced Macroeconomics 2

    The course builds upon the models studied in the Advanced Macroeconomics 1 course, further introducing uncertainty, capital market incompleteness and general equilibrium stochasticity. As another application of recursive and stochastic macroeconomic models, it introduces search and matching theory for the analysis of labour market issues.

    After the course, the student should

    • Understand and be able to solve macroeconomic models with incomplete markets (in particular, the concepts of idiosyncratic uncertainty, borrowing constraint, and stationarity issues as covered in partial and general equilibrium setups)
    • Understand the search and matching theory applied to macroeconomic models of the labour market (in particular, concepts such as labour market tightness and reservation wages as determinants of the unemployment rate)

     

    • Instructor: Oskari Vähämaa
    • Organizer: University of Helsinki
    • Course Homepage: WebOodi
    • Credits: Aalto 5 cr / Hanken 5 cr / UH 5 cr
    • Format: lecture
    • Course codes
      Aalto: ECON-L3200
      Hanken: 26050
      UH: ECOM-R313
    • Target: PhD MSc rMSc
      Aalto
      Hanken
      UH
      FDPE
    • Time: 27 Oct 2020 – 16 Dec 2020
  • Advanced Macroeconomics 3: Monetary Policy Models

    The course starts with an introduction to business cycle facts and methods. Then we present the main theoretical concepts and methods for solving and calibrating linear stochastic dynamic general equilibrium (DSGE) models. Then we study why the monetary policy is neutral in classical, RBC-type macro models and explain a special case where it is not. The classical model is augmented with imperfect competition and price rigidities, leading to the canonical new Keynesian model. Next, various monetary policy rules are studied in this framework. We also study the zero lower bound restriction of nominal interest rates on monetary policy and the resulting extensions to the basic framework. This builds a bridge to study the interaction of fiscal and monetary policies. Discretion and commitment in monetary policy making is introduced. We also study the open economy dimension of monetary policy.

    After the course, the student should

    • Be able to calculate stylised facts using macroeconomic data
    • Be able to linearise and solve linear dynamic models
    • Be able to derive and solve the New Keynesian model and compare the welfare effects of alternative monetary policy rules
    • Understand optimal monetary policy in the basic New-Keynesian framework
    • Understand the time-consistency problem in the basic New-Keynesian framework
    • Understand the effect of the zero lower bound
    • Be able to describe the interaction between monetary and fiscal policy
    • Be able to describe how the open-economy setting alters the previous results

     

    • Instructor: Antti Ripatti
    • Organizer: University of Helsinki
    • Course Homepage: WebOodi
    • Credits: Aalto 5 cr / Hanken 5 cr / UH 5 cr
    • Format: lecture
    • Course codes
      Aalto: ECON-L3300
      Hanken: 26051
      UH: ECOM-R319 (MSc code) / DPE-9319 (PhD code)
    • Target: PhD MSc rMSc
      Aalto
      Hanken
      UH
      FDPE
    • Time: 19 Jan 2021 – 10 Mar 2021
  • Advanced Macroeconomics 4: Real Business Cycles

    The course starts with an introduction to real business cycle model (RBC). It extends it to various directions such as open economy and asset pricing. Finally, the course introduces incomplete markets models.

    After the course, the student should

    • Understand and master the real business cycle model (RBC)
    • Be able to augment the RBC model with other economic features and shocks
    • Understand the asset pricing in general equilibrium models
    • Understand incomplete markets models

     

    • Instructor: Niku Määttänen
    • Organizer: University of Helsinki
    • Course Homepage: WebOodi
    • Credits: Aalto 5 cr / Hanken 5 cr / UH 5 cr
    • Format: lecture
    • Course codes
      Aalto: ECON-L3400
      Hanken: 26052
      UH: ECOM-R318 (MSc code) / DPE-9318 (PhD code)
    • Target: PhD MSc rMSc
      Aalto
      Hanken
      UH
      FDPE
    • Time: 17 Mar 2021 – 12 May 2021
  • Advanced Microeconomics 1

    Schedule (24 hours lectures and 8 hours exercises)

    Lectures

    Mon 31.8. 12-14
    Tue 1.9. 14-16
    Mon 7.9. 12-14
    Tue 8.9. 14-16
    Mon 14.9. 12-14
    Tue 15.9. 14-16
    Mon 21.9. 12-14
    Tue 22.9. 14-16
    Mon 28.9. 12-14
    Tue 29.9. 14-16
    Mon 5.10. 12-14
    Tue 6.10. 14-16

    Exercises

    Mon 7.9. 16-18
    Mon 21.9. 16-18
    Mon 5.10. 16-18
    Mon 12.10. 16-18

    Exams

    Final exam: 19.10.2020, 12-14

    Retake exam: 7.12.2020, 12-14

    This is an advanced level theory course for research-career oriented master students (research master) and PhD students at Helsinki Graduate School of Economics (Aalto University & Hanken & University of Helsinki). The course studies individual economic decision making from the perspective of formal mathematical decision theory which is a very central building block of microeconomic theory. It rigorously defines the concepts of consistent choice, rational preferences, utility maximization, and studies their connections. It applies these concepts to the rational theory of consumer choice and studies its implications for observed choice patterns. The formal toolkit of decision theory is also extended and applied to model decision making under uncertainty. The concept of risk preference is defined and studied. Theoretical implications for the predicted choice patterns are studied. The participants also participate decision making experiments. They examine experimental and observational data to understand to which extent observed data complies with the predictions of the theories, and how models can be extended to allow for better explaining the data at a cost of making the theory more complex.

    Doctoral students can also take this course.

     

    After completing the course, you will be able to:

    • recognize the basic concepts and results in decision theory
    • read and follow academic research journal articles at the international reserach frontier
    • derive basic mathematical proofs of theorerical results using methods of proof by induction and contradiction, for instance
    • critically evaluate the role of simplifying rationality assupmtions in economic theory and economics, how explanatory power can be improved by relaxing these, and how there is a trade-off between simplicity of the model and its capacity to explain data
    • apply theoretical constructs and results to interpret empirical (and experimental) patterns and findings, and recognize their potential implications for the advancement of theory.

     

    • Instructor: Topi Miettinen
    • Organizer: Hanken School of Economics
    • Course Homepage: WebOodi
    • Credits: Aalto 5 cr / Hanken 5 cr / UH 5 cr
    • Format: lecture
    • Course codes
      Aalto: ECON-L2100
      Hanken: 26045
      UH: ECOM-R310
    • Target: PhD MSc rMSc
      Aalto
      Hanken
      UH
      FDPE
    • Time: 31 Aug 2020 – 19 Oct 2020
  • Advanced Microeconomics 2

    In the first part of the course we study the basics of general equilibrium theory (GET): modelling, the existence of equilibrium, welfare theorems. The relationship between the equilibrium and the core is highlighted via the core convergence theorem. Finally, we study how GET can handle uncertainty.

    In the second part of the course we study non-strategic and non-market ways of allocating resources. These include Gale-Shapley algorithm, assignment models and frictional markets of directed search.

    After the course, the student should

    • Understand how individual preferences and choices aggregate into allocations in various non-strategic settings. These include perfect markets as modelled in general equilibrium theory, matching mechanism like Gale-Shapley algorithm, assignment models, and frictional markets.
    • Be able to construct and analyze general equilibrium models both under certainty and under uncertainty, use Gale-Shapley algorithm, understand how complementarities affect efficient allocation.

     

    • Instructor: Klaus Kultti
    • Organizer: University of Helsinki
    • Course Homepage: WebOodi
    • Credits: Aalto 5 cr / Hanken 5 cr / UH 5 cr
    • Format: lecture
    • Course codes
      Aalto: ECON-L2200
      Hanken: 26046
      UH: ECOM-R311
    • Target: PhD MSc rMSc
      Aalto
      Hanken
      UH
      FDPE
    • Time: 26 Oct 2020 – 14 Dec 2020
  • Advanced Microeconomics 3: Game Theory

    Content

    • Strategic form games: pure and mixed strategies, dominant and dominated strategies, rationalizable strategies, Nash equilibrium
    • Extensive form games: sequential rationality, backward induction, sub-game perfect equilibrium, sequential equilibrium
    • Dynamic games of complete information: bargaining games, repeated games
    • Games of incomplete information: Bayesian Nash equilibrium, perfect Bayesian equilibrium

    Learning Outcomes

    The students should become familiar with the central concepts of non-cooperative game theory and they should learn how to apply those in microeconomic applications. After this course they should be able to read research articles that use game theory as the method of analysis.

     

    • Instructor: Daniel Hauser
    • Organizer: Aalto University
    • Course Homepage: WebOodi
    • Credits: Aalto 5 cr / Hanken 5 cr / UH 5 cr
    • Format: lecture
    • Course codes
      Aalto: ECON-L2300
      Hanken: 26047
      UH: ECOM-R316 (MSc code) / DPE-9316 (PhD code)
    • Target: PhD MSc rMSc
      Aalto
      Hanken
      UH
      FDPE
    • Time: 18 Jan 2021 – 8 Mar 2021
  • Advanced Microeconomics 4: Information Economics

    Content

    • Adverse selection and mechanism design.
    • Moral hazard and imperfect monitoring.
    • Dynamic models of incomplete information including signaling and cheap talk.
    • Selected applications, for example: auctions, bargaining, market microstructure, reputation formation.

    Learning Outcomes

    This course introduces the students to topics and methods in modern information economics at the graduate level. After taking this course, the students are familiar with the analytical techniques used in microeconomics and have the necessary skills for modeling interactions under incomplete information.

     

    • Instructor: Daniel Hauser
    • Organizer: Aalto University
    • Course Homepage: WebOodi
    • Credits: Aalto 5 cr / Hanken 5 cr / UH 5 cr
    • Format: lecture
    • Course codes
      Aalto: ECON-L2400
      Hanken: 26048
      UH: ECOM-R317 (MSc code) / DPE-9317 (PhD code)
    • Target: PhD MSc rMSc
      Aalto
      Hanken
      UH
      FDPE
    • Time: 15 Mar 2021 – 10 May 2021
  • Advanced Natural Resource Economics

    Classic biomass optimization model, extensions of the the forest rotation model at stand and market level, forestry and climate change, age- and size structured models in forestry, fisheries and game, nonrenewanble resources and economic growth, nonrenewable resources and climate change

    Students will obtain understanding on latest development in natural resource economics research and on the interdisciplinary approach in natural resource economics.

    • Instructor: Olli Tahvonen
    • Organizer: University of Helsinki
    • Course Homepage: WebOodi
    • Credits: Aalto 5 cr* / Hanken 5 cr / UH 5 cr (*Aalto students can complement these courses with the course "31E09200 Supplementary Studies in Economics" (1 cr). For more information, see course description in WebOodi (search with the code 31E09200)
    • Format: lecture
    • Course codes
      Aalto: 31E09100
      Hanken: no code (please make sure that you can transfer the credits towards your degree)
      UH: AGERE-E04
    • Target: PhD MSc rMSc
      Aalto
      Hanken
      UH
      FDPE
    • Time: 16 Mar 2021 – 7 May 2021
  • Applied Macroeconometrics 1

    The course provides an introduction to the methods of modern applied macroeconometrics. The different approaches currently employed in applied work are reviewed, including the basics of empirical dynamic stochastic general equilibrium (DSGE) models, but the main emphasis is on the vector autoregressive model and its application in economics. In particular, we concentrate on the identification of economic shocks by various methods and the use of the structural vector autoregressive framework in policy analysis. Applications in other fields besides macroeconomics may also be discussed. The emphasis is on the practical application of the methods.

    After the course, the student should

    • Be familiar with the main approaches to modelling macroeconomic data
    • Know the basic properties of the linear vector autoregressive (VAR) model
    • Understand the concept of the identification of economic shocks in structural VAR models, and be able to conduct structural analysis by short-run and long-run identification restrictions in the VAR model
    • Be able to apply methods of classical and Bayesian statistical inference in reduced-form and structural VAR models
    • Be able to report empirical research results obtained using the methods covered

     

    • Instructor: Markku Lanne
    • Organizer: University of Helsinki
    • Course Homepage: WebOodi
    • Credits: Aalto 5 cr* / Hanken 5 cr / UH 5 cr (*Aalto students can complement these courses with the course "31E09200 Supplementary Studies in Economics" (1 cr). For more information, see course description in WebOodi (search with the code 31E09200).
    • Format: lecture
    • Course codes
      Aalto: 31E09100
      Hanken: 26002
      UH: ECOM-411 (MSc code) / DPE-9411 (PhD code)
    • Target: PhD MSc rMSc
      Aalto
      Hanken
      UH
      FDPE
    • Time: 17 Mar 2021 – 14 May 2021
  • Applied Macroeconomics (University of Helsinki)

    The goal of the course is to provide an introduction to the methods of modern applied, quantitative macroeconomics. The course builds on existing dynamic stochastic general equilibrium (DSGE) models. The aim is to learn to solve the model and to calibrate the model parameters, and to apply them in analyzing macroeconomic questions.

    After the course, the student should

    • Understand the solution algorithms of linear rational expectation models
    • Understand the basics of global solution algorithms
    • Be able to understand common equilibrium concepts
    • Be able to code the model with a matrix programming language
    • Be able to calibrate the model

     

    • Instructor: Niku Määttänen
    • Organizer: University of Helsinki
    • Course Homepage: WebOodi
    • Credits: Aalto 5 cr* / Hanken 5 cr / UH 5 cr (*Aalto students can complement these courses with the course "31E09200 Supplementary Studies in Economics" (1 cr). For more information, see course description in WebOodi (search with the code 31E09200).
    • Format: lecture
    • Course codes
      Aalto: 31E09100
      Hanken: no code
      UH: ECOM-410 (MSc code) / DPE-9410 (PhD code)
    • Target: PhD MSc rMSc
      Aalto
      Hanken
      UH
      FDPE
    • Time: 1 Sep 2020 – 6 Oct 2020
  • Applied Microeconometrics I

    The course covers identification based on observables, randomized control trials, difference-in-differences, instrumental variables and regression discontinuity design.
    The students will also use an econometric software in the analysis of data and estimations.

    The students learn the most common microeconometric methods typically used in applied research. Students also learn how to analyze critically estimation strategies and how to interpret empirical results. The course is especially suitable for students who want to use econometric methods in their master s thesis.

    • Instructor: Tuomas Pekkarinen
    • Organizer: Aalto University
    • Course Homepage: WebOodi
    • Credits: Aalto 6 cr / Hanken 6 cr / Helsinki 6 cr
    • Format: lecture
    • Course codes
      Aalto: 31E00910
      Hanken: 26003 / 26031 if completed as Applied Empirical Methods in Economics, 5 cr
      UH: ECOM-413 (MSc code) / DPE-9413 (PhD code)
    • Target: PhD MSc rMSc
      Aalto
      Hanken
      UH
      FDPE
    • Time: 8 Sep 2020 – 20 Oct 2020
  • Applied Microeconometrics II

    In Applied Microeconometrics I students learn the basic microeconometric tools and they get familiar with the econometric software. Applied Microeconometrics II has a more practical flavor. The students will build up on their knowledge of econometrics and economic theory in order to tackle a number of relevant empirical questions. The course will be a combination of (i) main lectures on some relevant topics that were not covered in Applied Microeconometrics I, (ii) presentation and discussion by students of research papers and (iii) problem sets. Please note that given nature of the course, class attendance is essential.

    This course is a follow-up to Applied Microeconometrics I. At the end of the course students will be able to master a number of empirical tools that can be used to analyze the impact of public policies and business strategies. The course is especially suitable for students who want to address an empirical question in their master s thesis.

     

    • Instructor: Juuso Välimäki
    • Organizer: Aalto University
    • Course Homepage: WebOodi
    • Credits: Aalto 6 cr / Hanken 6 cr / Helsinki 6 cr
    • Format: lecture
    • Course codes
      Aalto: 31E00920
      Hanken: 26018
      UH: ECOM-414 (MSc code) / DPE-9414 (PhD code)
    • Target: PhD MSc rMSc
      Aalto
      Hanken
      UH
      FDPE
    • Time: 12 Jan 2021 – 22 Feb 2021
  • Behavioral and Experimental Economics

    Schedule

    The course schedule can be found in the schedule maker Schema: https://schema.peppi.hanken.fi/#/schedule (by searching teaching event (sök händelser) with the course name or Hanken course code and clicking the Info button and then choosing the Reservations (Bokningar) sheet). For more detailed instructions, please see: https://www.hanken.fi/sites/default/files/atoms/files/instructions_for_schema_0.pdf

    Course Description

    During the course you will learn to understand the methods, central results, and theories of both experimental and psychological (behavioural) economics, and their relation to other fields of economics, and to microeconomics and industrial organization in particular. The course offers a master-level overview into behavioural decisions, behavioural games, dynamic behavioural decisions, experimental economics and experiment settings, as well as applications thereof.

    Doctoral students can also take this course.

     

    Learning Goal

    You are familiar with modelling in economics and in particular the novel perspectives that behavioural economics provides. You have the capacity to apply the ideas to competition and consumer policy.

    After completing the course, you will be able to

    • enlist and distinguish the various purposes of modelling in economics and in particular the novel perspectives that behavioural economics provides
    • recognize and explain some of the core behavioural economics concepts
    • solve theoretical behavioural economics models, derive economic implications and relate them to those of non-behavioural economic models
    • critically evaluate why mathematical models are applied in economics and what limitations they have

     

    • Instructor: Erik Wengström
    • Organizer: Hanken School of Economics
    • Course Homepage: WebOodi
    • Credits: Aalto 5 cr* / Hanken 5 cr / UH 5 cr (*Aalto students can complement these courses with the course "31E09200 Supplementary Studies in Economics" (1 cr). For more information, see course description in WebOodi (search with the code 31E09200).
    • Format: lecture
    • Course codes
      Aalto: 31E09300
      Hanken: 26037 (MSc code) / 62638 (PhD code)
      UH: ECOM-G416 (MSc code) / DPE-9416 (PhD code)
    • Target: PhD MSc rMSc
      Aalto
      Hanken
      UH
      FDPE
    • Time: 26 Oct 2020 – 11 Dec 2020
  • Capstone: Microeconomic Policy

    Hanken course name: “Microeconomic Policy”.

    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.

    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.

     

    • Instructor: Matti Liski
    • Organizer: Aalto University
    • Course Homepage: WebOodi
    • Credits: Aalto 6 cr / Hanken 6 cr / Helsinki 6 cr
    • Format: lecture
    • Course codes
      Aalto: 31E99906
      Hanken: 26017
      UH: no code (can't be included in the compulsory ECOM-G400 Field courses in economics study module)
    • Target: PhD MSc rMSc
      Aalto
      Hanken
      UH
      FDPE
    • Time: 26 Oct 2020 – 7 Dec 2020
  • Climate and Energy

    The course provides a comprehensive economic approach to climate change: its origins, links to climate science, tasks of mitigation and adaptation, and economic instruments needed for both goals. The course places much emphasis on international climate agreement and international instruments to implement it. European union emissions trading scheme, separate policy towards land-use and effort sharing sectors are analyzed separately. Discussion on instrumented targeting emissions is complemented by an analysis of instruments promoting production of clean energy. The rest of the course is devoted to adaptation policies. Economic principles concerning tasks left to private agents and the society, respectively, are examined and so are the instruments promoting adaptation.

    Once completing the course, students understand how climate change is linked to human decisions and the incentives provided by the market. They are able to analyze roles of energy production, land-use, land change and forestry. They know how to assess and use economic instruments to mitigate climate change. They know how to apply economic principles to promote adaptation to the inevitable increase in the mean global temperature.

    • Organizer: University of Helsinki
    • Course Homepage: WebOodi
    • Credits: Aalto 5 cr* / Hanken 5 cr / UH 5 cr (*Aalto students can complement these courses with the course "31E09200 Supplementary Studies in Economics" (1 cr). For more information, see course description in WebOodi (search with the code 31E09200)
    • Format: lecture
    • Course codes
      Aalto: 31E09100
      Hanken: no code (please make sure that you can transfer the credits towards your degree)
      UH: AGERE-E03
    • Target: PhD MSc rMSc
      Aalto
      Hanken
      UH
      FDPE
    • Time: 15 Mar 2021 – 10 May 2021
  • Competition Economics  

    Schedule

    The course schedule can be found in the schedule maker Schema: https://schema.peppi.hanken.fi/#/schedule (by searching teaching event (sök händelser) with the course name or Hanken course code and clicking the Info button and then choosing the Reservations (Bokningar) sheet). For more detailed instructions, please see: https://www.hanken.fi/sites/default/files/atoms/files/instructions_for_schema_0.pdf

    Course Description

    This course presents a modern approach to competition economics with an emphasis on selected elements of strategic competition and on European competition policy. The participants are expected to have some knowledge of elementary models associated with the economics of strategy (game theory and oligopoly models). The course will focus on the following issues:

    • the definition of a relevant market
    • horizontal agreements, collusion and the enforcement of cartel laws
    • vertical agreements
    • concerted practices with a particular focus on the exchange of information between competitors
    • evaluations of mergers, in particular horizontal mergers
    • business practices in light of the prohibition to abuse market dominance
    • strategic creation of switching costs and loyalty-enhancing pricing strategies
    • price discrimination with a particular focus on history-based pricing
    • individualized pricing and privacy
    • the relationship between competition policy and sector-specific regulation.

    The course is linked to the contemporary legal framework in Europe, but is not a course in competition law. The course will present topical European competition cases and present an overview of the main methods used to evaluate competition policy cases.

    Learning goal

    You are acquainted with the central features of European competition law and its implementation from a theoretical as well as an empirical perspective.

    After completing the course, you will be able to:

    • design business strategies and pricing for firms in recognition of the central constraints imposed by competition law.
    • conduct market analysis in recognition of the central constraints imposed by competition law.

    • Instructor: Rune Stenbacka
    • Organizer: Hanken School of Economics
    • Course Homepage: WebOodi
    • Credits: Aalto 5 cr* / Hanken 5 cr / UH 5 cr (*Aalto students can complement these courses with the course "31E09200 Supplementary Studies in Economics" (1 cr). For more information, see course description in WebOodi (search with the code 31E09200).
    • Format: lecture
    • Course codes
      Aalto: 31E09300
      Hanken: 26033
      UH: ECOM-418
    • Target: PhD MSc rMSc
      Aalto
      Hanken
      UH
      FDPE
    • Time: 15 Mar 2021 – 7 May 2021
  • Contract Theory

    The course covers the key areas of incentive theory, information economics and organisation theory, highlighting common themes and methodologies, and presenting the main ideas in an accessible way. Discussed applications include labour economics, industrial organisation and corporate finance. The course outline is as follows: 1. Moral hazard: static one principal, one agent model. 2. Moral hazard in teams and tournaments. 3. Adverse selection. 4. Mechanism design and auctions. 5. Implementation, incomplete contracts, and authority.

    After the course, the student should

    • Be familiar with the principles of contract theory: the main questions and the useful modelling frameworks
    • Be able to model real world institutions using the theory of incentives

     

    • Instructor: Hannu Vartiainen
    • Organizer: University of Helsinki
    • Course Homepage: WebOodi
    • Credits: Aalto 5 cr* / Hanken 5 cr / UH 5 cr (*Aalto students can complement these courses with the course "31E09200 Supplementary Studies in Economics" (1 cr). For more information, see course description in WebOodi (search with the code 31E09200).
    • Format: lecture
    • Course codes
      Aalto: 31E09100
      Hanken: 26027
      UH: ECOM-419 (MSc code) / DPE-9419 (PhD code)
    • Target: PhD MSc rMSc
      Aalto
      Hanken
      UH
      FDPE
    • Time: 18 Jan 2021 – 1 Mar 2021
  • Cost-Benefit Analysis

    Contents:

    • The microeconomics foundations of CBA
    • Valuing changes in the primary markets
    • Valuing changes in the secondary markets
    • Benefit Transfer
    • Valuing health effects
    • Discounting
    • The social discount rate
    • Dealing with uncertainty
    • Distributional aspects
    • Climate change and CBA

    After the successful completion of the course, students will:

    1. Understand the most important concepts of microeconomic theory behind CBA, including compensating variation, equivalent variation, Potential Pareto Improvements, Consumer surplus, Producer surplus and Government surplus.
    2. Understand how to value the impacts and the value of outcomes of projects affecting market prices. Please note that Environmental valuation methods, used to value quantity changes of non-market goods, such a contingent valuation, travel cost method, etc. are taught in the Environmental Valuation course by Anna-Kaisa Kosenius. The students should learn the basic principles of benefit-transfer.
    3. Estimate the demand function from cross-sectional data and use it to calculate changes in consumer surplus.
    4. Be able to distinguish between impacts in the primary markets and the secondary markets and understand when the impacts in the secondary markets should be included in the CBA.
    5. Learn the basics of how to include health effects into CBA.
    6. Understand the impact of the choice of the discount rate on the net present value of a project, illustrate and critically assess the different theories regarding the choice of the discount rate, and calculate the net present value of a project.
    7. Understand how uncertainty is incorporated into cost-benefit analysis in both theory and practice and perform expected value analysis and Monte-Carlo sensitivity analysis.
    8. Understand how distributional issues can be incorporated into cost-benefit analysis and perform a simple distributionally weighted cost-benefit analysis.
    9. Understand, illustrate and critically appraise the philosophical and ethical underpinnings of CBA.
    10. Critically assess CBA-studies and distinguish a well-conducted CBA from a poor one.

     

    • Organizer: University of Helsinki
    • Course Homepage: WebOodi
    • Credits: Aalto 5 cr* / Hanken 5 cr / UH 5 cr (*Aalto students can complement these courses with the course "31E09200 Supplementary Studies in Economics" (1 cr). For more information, see course description in WebOodi (search with the code 31E09200)
    • Format: lecture
    • Course codes
      Aalto: 31E09100
      Hanken: no code (please make sure that you can transfer the credits towards your degree)
      UH: AGERE-002
    • Target: PhD MSc rMSc
      Aalto
      Hanken
      UH
      FDPE
    • Time: 15 Mar 2021 – 5 May 2021
  • Development Economics I

    The course will consist of classroom lectures and exercise sessions. It will cover topics such as:

    • How poverty is defined and measured
    • The livelihoods of the poor:
      • agriculture
      • small businesses
    • Credit and financial services
    • Health
    • Impact evaluation
    • Growth theories
    • Institutions

    The course introduces students to central concepts in the study of developing countries and poverty. Students will:

    • Gain an overview of the field of development economics and major topics in policy and research within the field.
    • Practice the understanding and use of the most common statistical methods used in the empirical study of development economics, with a focus on causal inference.
    • Learn about ways to measure and define poverty, and the main explanations highlighted in the field of economics for differences in growth and income levels between rich and poor countries.

     

    • Instructor: Juuso Välimäki
    • Organizer: Aalto University
    • Course Homepage: WebOodi
    • Credits: Aalto 6 cr / Hanken 6 cr / Helsinki 6 cr
    • Format: lecture
    • Course codes
      Aalto: 31E15000
      Hanken: 26010
      UH: ECOM-420
    • Target: PhD MSc rMSc
      Aalto
      Hanken
      UH
      FDPE
    • Time: 26 Oct 2020 – 10 Dec 2020
  • Development Economics II

    This course builds on the course “Development Economics I: Fundamentals” (Autumn 2019). It focuses primarily on (i) empirical analysis in development economics, and (ii) how such analysis/research can be applied to real-life policy questions facing developing countries. We will study economic behavior under different types of market and government failures. We will cover a number of active research fields in development economics, including institutions, corruption, education, health, agriculture, and credit. Gender will be explored as a cross-cutting theme. The course will also delve into some current debates regarding empirical methods/approaches in development economics. Separate exercise sessions (4x2h) concentrate on hands-on micro data analysis.

     

    The learning outcomes of this course are to help students (i) become conversant with a number of active research areas in development economics and empirical approaches they use; (ii) apply research findings to key public policy issues facing developing countries today; (iii) acquire some hand-on skills in data analysis (useful, e.g., for thesis research); and (iv) hone their academic writing skills.

     

    • Instructor: Ritva Reinikka
    • Organizer: Aalto University
    • Course Homepage: WebOodi
    • Credits: Aalto 6 cr / Hanken 6 cr / Helsinki 6 cr
    • Format: lecture
    • Course codes
      Aalto: 31E16000
      Hanken: 26011
      UH: ECOM-421 (MSc code) / DPE-9421 (PhD code)
    • Target: PhD MSc rMSc
      Aalto
      Hanken
      UH
      FDPE
    • Time: 1 Mar 2021 – 14 Apr 2021
  • Econometrics 1 

    The course builds upon a Bachelor-level introductory course in econometrics. A central goal is to deepen the knowledge on the linear regression model in various directions, including regression with instrumental variables and heteroskedastic errors. In addition, maximum likelihood estimation and the related asymptotic tests are introduced.

    The course starts with a review of the linear regression model and the small-sample and asymptotic properties of the ordinary least squares estimator and statistical inference concerning its parameters. A large part of the course is devoted to the detection of and addressing violations of the basic assumptions of the linear regression model. In particular, statistical inference based on the ordinary least squares estimator under heteroskedastic or autocorrelated errors are considered. The instrumental variables and the generalised method of moments estimators, useful in the case of endogenous regressors as well as the method of maximum likelihood, widely applicable in econometrics, also introduced. Throughout the course, the emphasis is on the practical aspects of econometric modelling instead of the foundations of statistical inference. The models and methods are illustrated by means of Monte Carlo simulations and empirical applications.

    After the course, the student should:

    • Be very familiar with the interpretation of and statistical inference in the linear regression model in the cross-sectional context
    • Be familiar with the properties of the ordinary least squares, instrumental variables and the generalised method of moments estimators
    • Understand the basic properties of the maximum likelihood estimator and the related asymptotic tests
    • Be able to critically read empirical economic research employing methods covered in the course, to identify their potential methodological problems, to compare alternative econometric model specifications and to assess the adequacy of empirical results
    • Be able to apply the models and methods covered in the course in empirical research

     

    • Instructor: Bernd Funovits
    • Organizer: University of Helsinki
    • Course Homepage: WebOodi
    • Credits: Aalto 5 cr* / Hanken 5 cr / UH 5 cr (*Aalto students can complement these courses with the course "31E09200 Supplementary Studies in Economics" (1 cr). For more information, see course description in WebOodi (search with the code 31E09200).
    • Format: lecture
    • Course codes
      Aalto: 31E09100
      Hanken: 2689 / 26031 if completed as Applied Empirical Methods in Economics, 5 cr
      UH: ECOM-G314
    • Target: PhD MSc rMSc
      Aalto
      Hanken
      UH
      FDPE
    • Time: 28 Oct 2020 – 18 Dec 2020
  • Economic Valuation Methods

    Contents:

    Theoretical basis of economic valuation of environmental benefits, non-market valuation methods, analysis of empirical valuation data (only even years when contact teaching).

    Learning aims are: the theoretical framework of economic valuation of environmental benefits, the application of selected non-market valuation methods and data analysis techniques.

     

    • Organizer: University of Helsinki
    • Course Homepage: WebOodi
    • Credits: Aalto 5 cr* / Hanken 5 cr / UH 5 cr (*Aalto students can complement these courses with the course "31E09200 Supplementary Studies in Economics" (1 cr). For more information, see course description in WebOodi (search with the code 31E09200)
    • Format: lecture
    • Course codes
      Aalto: 31E09100
      Hanken: no code (please make sure that you can transfer the credits towards your degree)
      UH: AGERE-003
    • Target: PhD MSc rMSc
      Aalto
      Hanken
      UH
      FDPE
    • Time: 28 Oct 2020 – 9 Dec 2020
  • Economics of Aquatic Resources: Numerical Models

    Matlab programming language is used to formulate and solve a number of case study problem formulations. The case study examples include combatting eutrophication (i.e. reduction of the nutrients loads to the inland waters and the Baltic Sea) and fisheries management. The techniques and methods studied include static optimization (both unconstrained and constrained), dynamic discrete-time optimization, cohort models, game theoretic applications, Monte Carlo simulation, data fitting, dynamic programming, cost-effectiveness analysis and cost benefit analysis.

    Learning outcomes:

    • Understanding the potential of modelling and numerical analysis in planning, implementation and evaluation of water protection efforts and projects
    • Learn the skills needed to formulate and solve bio-economic problem formulations including static and dynamic problems and deterministic and stochastic problems.

    • Instructor: Marko Lindroos
    • Organizer: University of Helsinki
    • Course Homepage: WebOodi
    • Credits: Aalto 5 cr* / Hanken 5 cr / UH 5 cr (*Aalto students can complement these courses with the course "31E09200 Supplementary Studies in Economics" (1 cr). For more information, see course description in WebOodi (search with the code 31E09200)
    • Format: lecture
    • Course codes
      Aalto: 31E09100
      Hanken: no code (please make sure that you can transfer the credits towards your degree)
      UH: AGERE-E06
    • Target: PhD MSc rMSc
      Aalto
      Hanken
      UH
      FDPE
    • Time: 2 Sep 2020 – 8 Dec 2020
  • Economics of new ventures and innovations

    Schedule

    The course schedule can be found in the schedule maker Schema: https://schema.peppi.hanken.fi/#/schedule (by searching teaching event (sök händelser) with the course name or Hanken course code and clicking the Info button and then choosing the Reservations (Bokningar) sheet). For more detailed instructions, please see: https://www.hanken.fi/sites/default/files/atoms/files/instructions_for_schema_0.pdf

    Course Description

    This course aims to provide students with an overview of how new ventures and innovations come about, how the two are linked, as well as the strategic choices and risks that (would-be) entrepreneurs and innovators face. We also consider the financing of innovative and entrepreneurial endeavours, and the implications that entry and innovative activities have at micro- and macroeconomic level (e.g., in terms of job creation, R&D, and creative destruction).

    Doctoral students can also take this course.

    Learning Goal

    You have the capacity to identify the economic forces and processes that drive the creation of innovative new ventures as well as their post-entry growth trajectories and risk profiles (survival)

    After completing the course, you will be able to:

    • analyse dynamic markets (characterized, e.g., by a high degree of new entry and firm turnover) and R&D-intensive industries from a microeconomic perspective
    • identify strategic choices and risks that entrepreneurs and innovators and their financiers face
    • evaluate entrepreneurial decision-making and public policies targeted at innovative new ventures

     

    • Organizer: Hanken School of Economics
    • Course Homepage: WebOodi
    • Credits: Aalto 5 cr* / Hanken 5 cr / UH 5 cr (*Aalto students can complement these courses with the course "31E09200 Supplementary Studies in Economics" (1 cr). For more information, see course description in WebOodi (search with the code 31E09200).
    • Format: lecture
    • Course codes
      Aalto: 31E09300
      Hanken: 26043
      UH: ECOM-442
    • Target: PhD MSc rMSc
      Aalto
      Hanken
      UH
      FDPE
    • Time: 31 Aug 2020 – 16 Oct 2020
  • Empirical Industrial Economics

    Schedule

    The course schedule can be found in the schedule maker Schema: https://schema.peppi.hanken.fi/#/schedule (by searching teaching event (sök händelser) with the course name or Hanken course code and clicking the Info button and then choosing the Reservations (Bokningar) sheet). For more detailed instructions, please see: https://www.hanken.fi/sites/default/files/atoms/files/instructions_for_schema_0.pdf

    Course Description

    This course aims to provide students with a solid understanding of the modern empirical tools used in empirical industrial economics (EIE) to analyse consumer behaviour, (strategic) behaviuor of firms and market outcomes. EIE combines formal economic theory, knowledge of relevant institutions, micro-economic data, sophisticated econometric tools and computer programming to evaluate how markets function and how much market power firms have.

    The course covers estimation of static demand (incl. elementary discrete choice models), estimation of marginal costs and mark-ups of firms, measurement of productivity, as well as basics of simulation of counterfactual outcomes. By doing so the course helps the students to develop skills needed to conduct solid analysis in EIE. The methods covered are also widely used in marketing, health economics and international trade. Students learn to implement some of the estimation techniques covered in the course using econometric software Stata.

    Doctoral students can also take this course.

    Learning Goal

    You have the capacity to understand complicated econometric analyses of market outcomes and can analyze markets and competition using microeconomic data.

    After completing the course, you will be able to

    • study consumers’ preferences (e.g., price-elasticity, preference for different product characteristics)
    • evaluate the degree of competition in a market and estimate mark-up of firms
    • conduct simple counterfactual simulations of policies
    • evaluate productivity of firms

     

    • Instructor: Jiekai Zhang
    • Organizer: Hanken School of Economics
    • Course Homepage: WebOodi
    • Credits: Aalto 5 cr* / Hanken 5 cr / UH 5 cr (*Aalto students can complement these courses with the course "31E09200 Supplementary Studies in Economics" (1 cr). For more information, see course description in WebOodi (search with the code 31E09200).
    • Format: lecture
    • Course codes
      Aalto: 31E09300
      Hanken: 26041
      UH: ECOM-443
    • Target: PhD MSc rMSc
      Aalto
      Hanken
      UH
      FDPE
    • Time: 15 Mar 2021 – 7 May 2021
  • Environmental Economics I: Theory

    The course provides a rigorous survey on the classical theory of static externality. The course starts with the case of certainty and perfect competition. The goal of environmental quality is derived and the optimal use of all relevant instruments are solved. The restrictive assumptions of certainty and perfect markets are then relaxed. First, the course focuses on how imperfect competition changes the use of instruments. Then, uncertainty on costs and benefits of abatement is introduced and the implications to choice of instruments is examined. Throughout the discussion the production-abatement model employed in two versions: the specification in terms of production function and cost function. An integral part of the course is application of the theories in numerical models.

    After completing the course, students are able to derive rigorously the key results of static externality and the optimal use of all instruments. They have ability to choose instruments under uncertainty or under imperfect competition. They have the skills use numerical analysis to apply theories in various types of empirical environmental problems.

    • Organizer: University of Helsinki
    • Course Homepage: WebOodi
    • Credits: Aalto 5 cr* / Hanken 5 cr / UH 5 cr (*Aalto students can complement these courses with the course "31E09200 Supplementary Studies in Economics" (1 cr). For more information, see course description in WebOodi (search with the code 31E09200).
    • Format: lecture
    • Course codes
      Aalto: 31E09100
      Hanken: no code (please make sure that you can transfer the credits towards your degree)
      UH: AGERE-E01
    • Target: PhD MSc rMSc
      Aalto
      Hanken
      UH
      FDPE
    • Time: 26 Oct 2020 – 9 Dec 2020
  • Environmental Economics II: Mechanisms

    The course deepens the theory and analytical skills provided by course AGERE-E01. It focuses first on classical trading models applied both as emissions trading systems and water quality trading systems. The next topic is the auction theory and how it is applied to pollution control. Promotion of public goods is examined in a special auction system, green auctions or bidding systems. Finally, the course focuses on the challenge of nonpoint source pollution for instruments.

    After completing the course, students understand how to design alternative economic mechanisms so as to overcome the problems of asymmetric information and creating incentives to internalize externalities. They are able to assess the cases to which the conventional trading, auction and other mechanisms fit. They know how to apply these mechanisms for pollution control or promotion of public good in nature, such as biodiversity.

     

    • Organizer: University of Helsinki
    • Course Homepage: WebOodi
    • Credits: Aalto 5 cr* / Hanken 5 cr / UH 5 cr (*Aalto students can complement these courses with the course "31E09200 Supplementary Studies in Economics" (1 cr). For more information, see course description in WebOodi (search with the code 31E09200)
    • Format: lecture
    • Course codes
      Aalto: 31E09100
      Hanken: no code (please make sure that you can transfer the credits towards your degree)
      UH: AGERE-E02
    • Target: PhD MSc rMSc
      Aalto
      Hanken
      UH
      FDPE
    • Time: 20 Jan 2021 – 1 Mar 2021
  • Globalization and Growth

    The course considers growth models, how to solve them and what are their implications and empirical applications. The course helps to understand the mechanics of economic growth and income differences across countries.

    After the course, the student should:

    • Know the mathematical methods that are used in solving models of economic growth
    • Be familiar with typical models of global economic growth, their implications, and able to solve them independently

     

    • Organizer: University of Helsinki
    • Course Homepage: WebOodi
    • Credits: Aalto 5 cr* / Hanken 5 cr / UH 5 cr (*Aalto students can complement these courses with the course "31E09200 Supplementary Studies in Economics" (1 cr). For more information, see course description in WebOodi (search with the code 31E09200).
    • Format: lecture
    • Course codes
      Aalto: 31E09100
      Hanken: 26006
      UH: ECOM-427 (MSc code) / DPE-9427 (PhD code)
    • Target: PhD MSc rMSc
      Aalto
      Hanken
      UH
      FDPE
    • Time: 18 Jan 2021 – 8 Mar 2021
  • History of Economic Growth and Crises

    This course documents and explains the history of economic growth. Topics discussed include technological and financial innovation, political and economic institutions, industrialization, international trade, social mobility and inequality. We discuss how cross-country differences in economic development have been explained by differences in geography, culture, institutions and luck, and review work assessing the empirical relevance of these explanations. We also cover research on financial crises and the industrial revolution.

    At the end of the course, students will be familiar with (a) the basic facts about long-term economic growth, (b) the main theories for why some places grew rich while others did not, and (c) examples of empirical work attempting to test these theories. In addition, the course will provide historical perspective for understanding the causes and consequences of financial crises.

     

     

    • Instructor: Matti Sarvimäki
    • Organizer: Aalto University
    • Course Homepage: WebOodi
    • Credits: Aalto 6 cr / Hanken 6 cr / UH 6 cr
    • Format: lecture
    • Course codes
      Aalto: 31E40100
      Hanken: 26020
      UH: ECOM-428 (MSc code) / DPE-9428 (PhD code)
    • Target: PhD MSc rMSc
      Aalto
      Hanken
      UH
      FDPE
    • Time: 27 Oct 2020 – 8 Dec 2020
  • Labor Economics I (former Labor Economics)

    This course provides an overview of the modern theoretical and empirical approaches that economists use to analyze the labor markets. We will emphasize the interplay between theory and empirics and cover topics such as labor supply, labor demand, job search, job loss, unemployment and labor market policies.

    At the end of the course, students will be familiar with:

    • Basic concept and theories of labor economics in topics such as labor demand, labor supply, job search, job loss and unemployment, and labor market policies.
    • Examples of empirical work investigating these theories

     

    • Instructor: Kristiina Huttunen
    • Organizer: Aalto University
    • Course Homepage: WebOodi
    • Credits: Aalto 6 cr / Hanken 6 cr / UH 6 cr
    • Format: lecture
    • Course codes
      Aalto: ECON-E0710 (former 31E00700)
      Hanken: 26012
      UH: ECOM-432
    • Target: PhD MSc rMSc
      Aalto
      Hanken
      UH
      FDPE
    • Time: 2 Mar 2021 – 13 Apr 2021
  • Labor Economics II (NEW COURSE!)

    The course gives an overview of modern theoretical and empirical approaches used in labor economics to understand educational choices, labor market inequalities between demographic groups, and the effect of technological change and globalization on the labor market. It will also discuss minimum wages.

    At the end of the course, students will be familiar with

    • Basic facts about: educational attainment of the workforce, labor market differences between demographic groups, technological change and trends in globalization (trade, migration)
    • Main theories for understanding
      • educational choices
      • differences in labor market outcomes between demographic groups
      • how technology and globalization affect the labor market
    • Examples of empirical work investigating these theories

     

    • Organizer: Aalto University
    • Course Homepage: WebOodi
    • Credits: Aalto 6 cr / Hanken 6 cr / UH 6 cr
    • Format: lecture
    • Course codes
      Aalto: ECON-E0720
      Hanken: no code yet
      UH: no code yet
    • Target: PhD MSc rMSc
      Aalto
      Hanken
      UH
      FDPE
    • Time: 20 Apr 2021 – 1 Jun 2021
  • Macroeconomics 1

    This course provides analytical tools and a modern macroeconomic framework to understand economy-wide phenomena such as aggregate saving, employment, investment, inflation, fiscal policy, monetary policy and growth. It uses mainly two-period models to study the intertemporal choices of households and firms, the interactions of their decisions, and the design of fiscal and monetary policies. The course is also intended to act as a bridge between typical intermediate macroeconomics and more advanced courses that rely heavily on dynamic infinite-horizon models.

     

    After the course, the student should

    • understand how the consumption smoothing motive, interest rates and borrowing constraints shape households’ consumption and savings behaviour.
    • be able to analyse how different taxes and transfers affect households’ labour supply incentives.
    • understand the firms’ factor demand behaviour and how market forces determine wages and interest rates in a simple general equilibrium framework.
    • be able to describe when and how fiscal policy affects aggregate demand.
    • understand the foundations of the Phillips curve and how the monetary policy is conducted in the inflation targeting monetary policy regime.
    • be able to analyse fiscal sustainability using the intertemporal budget constraint of the government.
    • understand the main sources of economic growth and apply growth accounting.

     

    • Instructor: Niku Määttänen
    • Organizer: University of Helsinki
    • Course Homepage: WebOodi
    • Credits: Aalto 5 cr* / Hanken 5 cr / UH 5 cr (*Aalto students can complement these courses with the course "31E09200 Supplementary Studies in Economics" (1 cr). For more information, see course description in WebOodi (search with the code 31E09200).
    • Format: lecture
    • Course codes
      Aalto: 31E09100
      Hanken: 2693 / 26042 if completed as Applied Macroeconomics, 5 cr
      UH: ECOM-G312
    • Target: PhD MSc rMSc
      Aalto
      Hanken
      UH
      FDPE
    • Time: 2 Sep 2020 – 21 Oct 2020
  • Macroeconomics 2

    The course provides an introduction to real business cycle theory and the New-Keynesian approach modelling nominal frictions and analysing monetary policy. Consumption smoothing is the key part of the mechanism in both models. Therefore, the consumption-savings decision is studied thoroughly. The standard model and the concepts are introduced using a two-period model, which is then extended to the infinite horizon. The simple two-period model is used to study household behaviour under borrowing constraints. The household problem is extended to cover both the consumption-savings decision and the labour supply decision. The effect of taxation is examined. The firms’ problem relies on the Cobb-Douglas specification of the production function. Investment behaviour both in the frictionless economy and in the economy with the investment adjustment cost is studied. The dynamic optimisation relies on the Lagrange multiplier method.

    The above modelling ingredients are put together to make a complete general equilibrium macroeconomic model, the real business cycle (RBC) model. The propagation of technology shocks is studied using the model. The model is augmented by imperfect competition and price rigidities. These are introduced and their impact is analysed stepwise. The complete model is called the New-Keynesian model, which facilitates analysing monetary policy.

    The course extends the analysis of Macroeconomics 1 to infinite horizon setting. It provides an introduction to the real business cycle theory and to the New-Keynesian approach modelling nominal frictions and analyzing monetary policy. Households’ consumption behavior is emphasized since it is the key part of the mechanism in both models. Firms’ investment and labor demand behavior is studied. The dynamic optimization relies on the Lagrange multiplier method. The above modelling ingredients are put together to make a complete general equilibrium macroeconomic model, the real business cycle (RBC) model. The propagation of technology shocks is studied using the model and the mechanisms therein. The New-Keynesian model augments the real business cycle model with imperfect competition and price rigidities. It is used to analyze monetary policy. Economic growth part introduces endogenous growth model and human capital and their impact on the economic growth. The course also covers the basics of an overlapping-generation model and labor market frictions.

    After the course, the student should

    • Understand the life-cycle motives of consumption and saving decisions
    • Understand how uncertainty affects households’ decision.
    • Be familiar with the q-theory of investments
    • Be able to set up a real business cycle model and understand the role of technology in business cycles
    • Understand how to introduce a micro-founded upward-sloping Phillips curve
    • Be able to describe the transmission of monetary policy in a New-Keynesian model
    • Be able to extend the basic Solow model, for example, to education and natural resources
    • To understand how human capital and innovation affects economic growth.
    • To understand frictions in the labor market and the sources of unemployment

     

    • Instructor: Antti Ripatti
    • Organizer: University of Helsinki
    • Course Homepage: WebOodi
    • Credits: Aalto 5 cr* / Hanken 5 cr / UH 5 cr (*Aalto students can complement these courses with the course "31E09200 Supplementary Studies in Economics" (1 cr). For more information, see course description in WebOodi (search with the code 31E09200).
    • Format: lecture
    • Course codes
      Aalto: 31E09100
      Hanken: 2694
      UH: ECOM-G313
    • Target: PhD MSc rMSc
      Aalto
      Hanken
      UH
      FDPE
    • Time: 26 Oct 2020 – 16 Dec 2020
  • Macroeconomics: Policy

    Formulation and use of New Keynesian models for policy making and analysis, role of financial and labor markets in macroeconomic fluctuations, the Great Recession and the problem of very low interest rates, theory of fiscal and monetary policy, analysis of long-term growth and development.

    The course develops central areas of macroeconomic theory that are useful for analysis and discussion of policy making. The policy topics covered include foundations of unconventional monetary policies e.g. quantitative easing, the role of financial markets in the recent crisis, current problems and topics in the Euro area and issues in long-term economic growth. Students learn the motivations for policy analysis, become familiar with current policy concerns and acquire analytical skills for assessing these problems.

     

    • Instructor: Seppo Honkapohja
    • Organizer: Aalto University
    • Course Homepage: WebOodi
    • Credits: Aalto 6 cr / Hanken 6 cr / UH 6 cr
    • Format: lecture
    • Course codes
      Aalto: 31E23000
      Hanken: 26038 / 26042 if completed as Applied Macroeconomics, 5 cr
      UH: no code (can't be included in the compulsory ECOM-G400 Field courses in economics study module)
    • Target: PhD MSc rMSc
      Aalto
      Hanken
      UH
      FDPE
    • Time: 11 Jan 2021 – 26 Feb 2021
  • Markets and Industrial Organization

    Schedule

    The course schedule can be found in the schedule maker Schema: https://schema.peppi.hanken.fi/#/schedule (by searching teaching event (sök händelser) with the course name or Hanken course code and clicking the Info button and then choosing the Reservations (Bokningar) sheet). For more detailed instructions, please see: https://www.hanken.fi/sites/default/files/atoms/files/instructions_for_schema_0.pdf

    Course Description

    This course shows how micro-economic models can be used to analyze functioning of markets and industries. The course focuses on economic phenomena that are typically studied in the field of industrial organization (IO), such as market power, competitiveness of markets, product differentiation, natural monopoly, regulation of markets, vertically related industries, two-sided markets, markets with network effects, consumer inertia and markets with searching costs.

    The course presents students with the necessary theoretical foundations for subsequent analytical studies of markets, strategic competition and economic implications of regulation. It also illustrates how IO models can be used to analyze data on markets outcomes.

    This course consists of two parts: The first part introduces various tractable IO models that can be used to analyze market phenomena and to understand functioning of real-world markets. The second part consists of assigned readings and student presentations. Students will be asked to read assigned papers and to present them to others in class.

    Doctoral students can also take this course.

    Learning Goal

    You have the capacity to use the concepts and methods of modern industrial organization when analysing choices made by consumers and firms, as well as the functioning of various types of markets. You have also developed your analytical reasoning skills by working with equations to analyse micro-economic phenomena and market outcomes.

    After completing the course, you will be able to:

    • identify different types of markets and how they function
    • apply essential IO concepts to evaluate consumers’ choices and firms’ decisions in markets
    • explain competitive and strategic conduct from the perspective of managerial decision-making
    • develop business strategies for firms in different kinds of environments

     

    • Organizer: Hanken School of Economics
    • Course Homepage: WebOodi
    • Credits: Aalto 5 cr* / Hanken 5 cr / UH 5 cr (*Aalto students can complement these courses with the course "31E09200 Supplementary Studies in Economics" (1 cr). For more information, see course description in WebOodi (search with the code 31E09200).
    • Format: lecture
    • Course codes
      Aalto: 31E09300
      Hanken: 26044
      UH: ECOM-444
    • Target: PhD MSc rMSc
      Aalto
      Hanken
      UH
      FDPE
    • Time: 26 Oct 2020 – 11 Dec 2020
  • Math Camp 2020

    • Time: 17. – 27.8.2020, 28.8. exam, see the schedule below
    • This course will be run through the Aalto MyCourses learning environment.
      • You get access to MyCourses via WebOodi registration. (To be able to register via WebOodi, you need a study right for the course and Aalto’s IT username and password, for more information, plaese see “How to enroll?”)
      • The lecture videos are posted there under materials, problem sets will be posted shortly.
    • Host university: Aalto University
    • Instructor: Daniel Hauser
    • Registration for the course: see How to Enroll? (deadline for the study right application: August 7, 2020)
    • The course includes 24 hours of lectures, 8 hours of exercises and a final exam (mandatory only for the Aalto students)
    • Math Camp homepage (teaching materials etc.)

     

    Schedule (24 hours of lectures and 8 hours of exercises):

    Lectures:

    Mon 17.8.2020 10-12, 13-15
    Tue 18.8.2020 10-12, 13-15
    Wed 19.8.2020 10-12, 13-15
    Thu 20.8.2020 10-12
    Mon 24.8.2020 10-12, 13-15
    Tue 25.8.2020 10-12, 13-15
    Wed 26.8.2020 10-12

    Excercises:

    Thu 20.8.2020 13-15
    Fri 21.8.2020 10-12
    Wed 26.8.2020 13-15
    Thu 27.8.2020 10-12

    Exam:

    Fri 28.8 10-12

     

    • Instructor: Daniel Hauser
    • Organizer: Aalto University
    • Course Homepage: WebOodi
    • Credits: Aalto 3 cr
    • Format: lecture
    • Course codes
      Aalto: ECON-E6000
      Hanken: no code
      UH: no code
    • Target: PhD MSc rMSc
      Aalto
      Hanken
      UH
      FDPE
    • Time: 17 Aug 2020 – 28 Aug 2020
  • Microeconomics 1

    The course provides a cohesive picture of the core concepts and technical tools of classical microeconomics, in particular decision theory and the notion of a price mechanism. Emphasis will be on the implications and applications of the theory. Attention will be paid to the welfare consequences of rational choice and economic equilibrium. The areas of investigation include rational choice and its axioms, the theory of the firm, and aggregate demand and supply. The objective is to construct a notion of general economic equilibrium under which the welfare properties of the price mechanism can be evaluated.

    After the course, the student should:

    • Be familiar with the basics of consumer and firm decision making as well as the notion of economic equilibrium
    • Be able to interpret economic behaviour using the decision theoretic framework and the equilibrium machiner

     

    • Instructor: Hannu Vartiainen
    • Instructor: Yi Zheng
    • Organizer: University of Helsinki
    • Course Homepage: WebOodi
    • Credits: Aalto 5 cr* / UH 5 cr (*Aalto students can complement these courses with the course "31E09200 Supplementary Studies in Economics" (1 cr). For more information, see course description in WebOodi (search with the code 31E09200).
    • Format: lecture
    • Course codes
      Aalto: 31E09100
      Hanken: 26060 / 26034 if completed as Applied Microeconomics, 5 cr
      UH: ECOM-G310
    • Target: PhD MSc rMSc
      Aalto
      Hanken
      UH
      FDPE
    • Time: 31 Aug 2020 – 19 Oct 2020
  • Microeconomics 2

    The course provides an overview of the issues arising in the economics of information. We cover the problems of moral hazard, adverse
    selection and signaling. Understanding how private information and incentives in these problems interact is a prerequisite for understanding many of the problems in labour and financial markets as well as in the field of politics. We also cover problems related to externalities and some auction theory.

    After the course, the student should:

    • Be familiar with main problems in the economics of information as well as the standard modelling techniques.
    • Understand the mechanisms behind standard problems of information economics: adverse selection, moral hazard and signalling

    • Instructor: Klaus Kultti
    • Organizer: University of Helsinki
    • Course Homepage: WebOodi
    • Credits: Aalto 5 cr* / Hanken 5 cr / UH 5 cr (*Aalto students can complement these courses with the course "31E09200 Supplementary Studies in Economics" (1 cr). For more information, see course description in WebOodi (search with the code 31E09200).
    • Format: lecture
    • Course codes
      Aalto: 31E09100
      Hanken: no code
      UH: ECOM-G311
    • Target: PhD MSc rMSc
      Aalto
      Hanken
      UH
      FDPE
    • Time: 27 Oct 2020 – 14 Dec 2020
  • Microeconomics: Pricing

    Amongst the topics covered in the course are: Price discrimination,
    failure of law of one price, bundling and versioning, revenue management,
    auctions and market design.

    This course provides an introduction into the theory and practice of pricing. Theoretical concepts from information economics and game theory are applied in a variety of applications with relevance to market design and real world managerial problems.

     

    • Instructor: Pauli Murto
    • Organizer: Aalto University
    • Course Homepage: WebOodi
    • Credits: Aalto 6 cr / Hanken 6 cr / UH 6 cr
    • Format: lecture
    • Course codes
      Aalto: 31E11100
      Hanken: 26016 / 26034 if completed as Applied Microeconomics, 5 cr
      UH: ECOM-445
    • Target: PhD MSc rMSc
      Aalto
      Hanken
      UH
      FDPE
    • Time: 7 Sep 2020 – 19 Oct 2020
  • Money and Banking

    Schedule

    The course schedule can be found in the schedule maker Schema: https://schema.peppi.hanken.fi/#/schedule (by searching teaching event (sök händelser) with the course name or Hanken course code and clicking the Info button and then choosing the Reservations (Bokningar) sheet). For more detailed instructions, please see: https://www.hanken.fi/sites/default/files/atoms/files/instructions_for_schema_0.pdf

    Course Description

    This course has two parts. The first part deals with microeconomics of financial intermediation. It emphasizes the role of asymmetric information in credit markets. It explores the central theories of financial intermediation and regulation thereof. The second part concentrates on the transmission of monetary policy through the banking system. It first discusses the objectives of monetary and macroprudential policy in the presence of both nominal and financial frictions. It then introduces tools available to central banks and regulatory authorities for achieving these objectives such as the conventional policy rate, quantitative easing and capital requirements. The course will focus on the following issues:

    • adverse selection and moral hazard in credit markets
    • implications of asymmetric information in banking markets
    • relationship lending and bank monitoring
    • screening and the use of collateral in bank lending
    • bank competition and financial stability
    • bank runs, deposit insurance and systemic risk
    • securitization and the subprime crisis
    • the regulation of banks
    • nominal financial and monetary policy
    • the transmission of conventional monetary policy through the banking system
    • unconventional monetary policy, quantitative easing and forward guidance
    • financial frictions and macroprudential policy
    • bank capital regulation

    Learning goal

    You have an analytic perspective on crucial issues in modern banking with a particular emphasis on the implications of asymmetric information. You are familiar with the topical issues related to European bank regulation.

    After completing the course, you will be able to:

    • assess the implications of asymmetric information for credit market efficiency
    • analyze and propose solutions to problems caused by informational asymmetry in credit markets
    • assess the role of banks in an economy and their vulnerability to crises
    • assess the goals and limitations of bank regulation
    • analyze the topical issues related to financial intermediaries and their regulation
    • participate in the debates concerning financial crisis and bank regulation analytically
    • illustrate the roles of monetary and macroprudential policy
    • assess the effects of key policy tools and their limitations

     

     

    • Instructor: Rune Stenbacka
    • Organizer: Hanken School of Economics
    • Course Homepage: WebOodi
    • Credits: Aalto 5 cr* / Hanken 5 cr / UH 5 cr (*Aalto students can complement these courses with the course "31E09200 Supplementary Studies in Economics" (1 cr). For more information, see course description in WebOodi (search with the code 31E09200).
    • Format: lecture
    • Course codes
      Aalto: 31E09300
      Hanken: 26035
      UH: ECOM-G415
    • Target: PhD MSc rMSc
      Aalto
      Hanken
      UH
      FDPE
    • Time: 18 Jan 2021 – 5 Mar 2021
  • Money and Monetary Policy

    The goal of the course is to provide an introduction to monetary macroeconomics and the role of money and monetary policy in the economy. After describing what monetary macroeconomics is about, students will learn how the money supply is determined in the economy and how it changes. The course emphasises price stickiness as the key factor underlying the short-run effectiveness of monetary policy. Different models are used to show how an economy can fall into a liquidity trap and what the potential measures are through which policy makers can try to lift an economy from the liquidity trap. The core of the course is optimal monetary policy. Different models also show how the time inconsistency of the optimal pre-commitment policy emerges when policy makers are dynamically optimising their policy choices and how the inflation and stabilisation bias bedevil optimal discretionary monetary policy. The aim of the course is to learn to use simple analytical tools to understand basic features of money and monetary policy from the point of view of the shortrun macroeconomic equilibrium of an economy.

    After the course, the student should:

    • Understand the role of the central bank in a fiat money system
    • Be able to show how the supply of money is determined
    • Be able to analyse the macroeconomic equilibrium of an economy using a simple IS-LM model
    • Understand liquidity traps and potential ways to take the economy out of them
    • Be able to analyse optimal monetary policy using Kydland-Prescott, Barro-Gordon or New Keynesian monetary macromodels
    • Understand the basic concepts of optimal monetary policy: discretion (re-optimisation, pre-commitment, time consistency, inflation bias, stabilisation bias

    • Instructor: Antti Ripatti
    • Organizer: University of Helsinki
    • Course Homepage: WebOodi
    • Credits: Aalto 5 cr* / Hanken 5 cr / UH 5 cr (*Aalto students can complement these courses with the course "31E09200 Supplementary Studies in Economics" (1 cr). For more information, see course description in WebOodi (search with the code 31E09200).
    • Format: lecture
    • Course codes
      Aalto: 31E09100
      Hanken: 2697
      UH: ECOM-434
    • Target: PhD MSc rMSc
      Aalto
      Hanken
      UH
      FDPE
    • Time: 19 Jan 2021 – 9 Mar 2021
  • Public Economics 1: Taxation Policy

    This course covers key topics in modern public economics research, utilizing mainly theoretical but also empirical material. The course focusses on taxation. It is recommended that students also take the course Public Economics 2 to get a full picture of the field.

    After the course, student should be well versed in the basis of government intervention and the impacts and the design of tax policies, and be able to use the material covered in own analytical work and research afterwards. Specifically, the course covers the following area:

    • welfare theoretic underpinnings of government intervention
    • equity and efficiency, measurement of inequality
    • tax incidence and the deadweight burden of taxes
    • the impact of taxes on household behaviour: labour supply and taxable income elasticities
    • optimal income tax and transfer policies
    • corporate income taxation
    • tax evasion and avoidance
    • tax competition

     

    • Instructor: Jukka Pirttilä
    • Organizer: University of Helsinki
    • Course Homepage: WebOodi
    • Credits: Aalto 5 cr* / Hanken 5 cr / UH 5 cr (*Aalto students can complement these courses with the course "31E09200 Supplementary Studies in Economics" (1 cr). For more information, see course description in WebOodi (search with the code 31E09200).
    • Format: lecture
    • Course codes
      Aalto: 31E09100
      Hanken: 26040
      UH: ECOM-440
    • Target: PhD MSc rMSc
      Aalto
      Hanken
      UH
      FDPE
    • Time: 18 Jan 2021 – 29 Apr 2021
  • Public Economics 2: Expenditure Policies

    This course covers key topics in modern public economics research, utilizing mainly theoretical but also empirical material. The course focuses on public spending policies.

    The course is a continuation for Public Economics 1, focusing on the following areas:

    • Public provision of private and public goods
    • Correction of externalities and internalities
    • The design of social insurance policies, including unemployment insurance and disability insurance
    • Retirement and pension policies
    • Health care
    • Behavioural approaches to public policy

    After the course, the student should know the material well and be able to use it in their own analytical work and research afterwards.

     

    • Instructor: Roope Uusitalo
    • Organizer: University of Helsinki
    • Course Homepage: WebOodi
    • Credits: Aalto 5 cr* / Hanken 5 cr / UH 5 cr (*Aalto students can complement these courses with the course "31E09200 Supplementary Studies in Economics" (1 cr). For more information, see course description in WebOodi (search with the code 31E09200).
    • Format: lecture
    • Course codes
      Aalto: 31E09100
      Hanken: 26040
      UH: ECOM-441
    • Target: PhD MSc rMSc
      Aalto
      Hanken
      UH
      FDPE
    • Time: 16 Mar 2021 – 28 Apr 2021
  • Search Theory

    The course covers technical requirements, one-person optimal search theory, general equilibrium type search theory, directed search theory and applications to labour markets, monetary theory, and the problem of trading mechanisms.

    After the course, the student should:

    Be able to solve and construct one person optimal search problems
    Understand dynamic models of search and directed search in areas of labour economics and monetary economics, and understand how the set-up can be used to address questions ranging from marriage markets to the choice of trading mechanisms
    Doctoral students should be able to actively do all the above.

    • Instructor: Klaus Kultti
    • Organizer: University of Helsinki
    • Course Homepage: WebOodi
    • Credits: Aalto 5 cr* / Hanken 5 cr / UH 5 cr (*Aalto students can complement these courses with the course "31E09200 Supplementary Studies in Economics" (1 cr). For more information, see course description in WebOodi (search with the code 31E09200).
    • Format: lecture
    • Course codes
      Aalto: 31E09100
      Hanken: no code
      UH: ECOM-438
    • Target: PhD MSc rMSc
      Aalto
      Hanken
      UH
      FDPE
    • Time: 15 Mar 2021 – 11 May 2021