Microeconomics 2 (5 cr)

Master’s students
University of Helsinki - Economics
Klaus Kultti
Period 2
Contact teaching
Economicum building

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

The course provides an overview of the issues arising in the economics of information. We cover the problems of moral hazard, adverse selection and signalling. 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.

  • Schedule: can be found in Course Page and Sisu
  • Study materials: can be found in Moodle
    • For some courses, it is enough to register in Sisu and you can access directly the Moodle area, please note, however, that it may take up to two hours after registration to enter the Moodle area.
    • Log in with your UH username to be able to use all the features of the course workspace
    • More tips for enrolling in Moodle can be found here

Please register for the course in the UH Sisu with your UH username, further instructions can be found here.

Aalto University Students
  • Code: no equivalent code
  • Target groups: MSc (not suitable for PhD students)
  • Credit points: 5
  • Credit transfer: apply for inclusion in Sisu
Hanken Students
  • Code: 26061
  • Target groups: MSc (not suitable for PhD students)
  • Credit points: 5 cr
  • Credit transfer: apply for substitution in Sisu
University of Helsinki Students
  • Code: ECOM-G311

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

  • Credit points: 5

FDPE Students Students
  • Not suitable for PhD students

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