PAST CORE COURSES

MI0506 MICROECONOMIC THEORY

Basic Information

• Location: Helsinki, University of Helsinki
• Time: Academic year 2005-2006
  • Autumn term: Microeconomic Theory I:
    September 14, 2005 - November 9, 2005
  • Spring term: Microeconomic Theory II:
    January 25, 2006 - March 22, 2006

The course is divided in two parts: Microeconomic Theory I (autumn term) and Microeconomic Theory II (spring term). In total the course includes 48 hours of lectures and 24 hours of exercises (app. 5 credits/7 ECTS credit points). Only those having passed the exercises can participate in the exams.

The course can be passed by taking two midterm exams or a retake exam. Please note that the exams (both the midterm exams and the retake exam) can only be taken by those who have solved a sufficient number of problems correctly (separately for part I and part II). In practise this means that at least one third of the problems have to be solved "showing good effort" so that the principles of solution are correct - mistakes in mechanical calculations are allowed, however.

Please note that the students' home departments are responsible for registering the grades according to their own requirements. FDPE gives the students, on request, a certificate of the courses passed within the programme.

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Teaching Staff

• Instructors:
  • Part I: Dr Matti Liski (Helsinki School of Economics)
  • Part II:  Dr Hannu Vartiainen (Yrjö Jahnsson Foundation)
• Teaching assistant:
  • Part I and II: Paavo Miettinen (University of Helsinki)

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Topics

Topics covered in the course include:

• consumer choice
• theory of the firm
• welfare theory
• imperfect competition
• game theory
• uncertainty and imperfect information

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