- 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, Hanken and UH economics students can enroll through their home university’s SISU. Further instructions are available on the How to enroll? page, also for students from other universities.
If you would like to count the credits towards your degree, please check your curriculum or contact your supervisor or student services for guidance.
- To access the Moodle course area, use all the features and participate in the activities (assignments, discussions), you must have successfully registered for the course in Sisu and logged in with your UH user ID.
- For more information on how to activate your UH user ID and register for a Moodle course area, click here.
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