In case of conflicting information consider the Sisu/Courses/Moodle pages the primary source of information.

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.

  • Completion method: contact teaching
  • Schedule: can be found in Course Page and Sisu
  • Study materials: can be found in Moodle
    • A link and a Moodle course key will be sent by email before the course starts and/or they will be provided on the Courses page: you can view the information on this site without logging in or registering, but some of the content added by teachers to course pages may be available to course participants only, for example Moodle course enrolment key.
    • Log in with your UH username to be able to use all the features of the course workspace

Please register for the course in the UH Sisu with your UH username. Further instructions (link to be added here later).

    • Code: no equivalent code

    • Target groups: MSc (not suitable for PhD students)

    • Credit points: 5

    • Credit transfer: apply for inclusion in Sisu

    Further instructions (link to be added here later)

    • Code: 26060

      • can be also used to substitute the mandadatory course 26034 Applied Microeconomics, 5 cr

    • Target groups: MSc

    • Credit points:

      • 26060: 6 cr

      • 26034: 5 cr

    • Credit transfer: apply for substitution in Sisu

    Further instructions (link to be added here later)

    • Code: ECOM-G310

    • Target groups: MSc (not suitable for rMSc and PhD students)

    • Credit points: 5

    • Not suitable for PhD students

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