MI1011: Microeconomic Theory

Basic Information

• Location: Helsinki

• Time: Academic year 2010-2011

• Application form

  • Deadline for applications: August 27, 2010

  • Please note that the applicants will be informed of their acceptance after the deadline at the latest

• The course is divided in two parts. In total the course includes 48 hours of lectures and 24 hours of exercises, two midterm exams and/or a retake exam.

• FDPE recommends that the course is acknowledged by the student's own university with 8 ECTS credit points.

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Teaching Staff

• Instructors:

  • Part I: Dr Pauli Murto (Aalto University School of Economics)

  • Part II: Professor Juuso Välimäki (Aalto University School of Economics)

• Teaching assistants:

  • Part I: Emilia Oljemark (Aalto University School of Economics)

  • Part II: Paula Mäkelä (Aalto University School of Economics)

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Course Requirements and Exams

To pass the course the student must:

• take two midterm exams: the first midterm exam is arranged in the autumn term and the second midterm exam in the spring term;
  AND/OR
• take a retake exam in the spring term (Parts I and II must be examined together);
  AND
• get 40 % of the combined maximum points of the two midterm exams or 40 % of the maximum points of the retake exam (at minimum).

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To be entitled to take the exams the student must:

• get at least 50 % of problem set points separately for Part I and Part II. The exercises should be solved "showing good effort", so that the principles of the solutions are correct.
• This is a prerequisite for taking both the midterm exams and the retake exam.
• The student may take the retake exam even if the midterm exams were passed; the better result out of the two will then be registered.

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 courses passed within the programme.

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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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How to Prepare for the Course

• Instructions on how to prepare yourself for the 1st year FDPE core courses

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