–
- Code:
- ECOM-G310
- Field:
- Microeconomics
- Target:
- Master’s students
- Organiser:
- University of Helsinki - Economics
- Instructor:
- Hannu Vartiainen
- Period:
- Period 1
- Format:
- Lecture
- Method:
- Contact teaching
- Venue:
- Economicum
- Enrollment:
In case of conflicting information consider the Sisu/Course/Moodle pages the primary source of information.
Aalto and Hanken economics students can enroll in their home university’s SISU! Further instructions can be found on the How to enroll page, also for other students.
Before taking and completing the course make sure that the credits can be counted towards your degree at your home university by checking which courses are included in your curriculum or by contacting your home university’s student/learning services.
Content
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.
Learning outcomes
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 machinery