KATTAS21B Advanced Course in Microeconomics II 5 ECTS
Period I Period II Period III Period IV
Language of instruction
Type or level of studies
Advanced studies
Course unit descriptions in the curriculum
Degree Programme in Business Studies
Faculty of Management

Learning outcomes

After the course, the student will know how to analyse economic decisions made under uncertainty, will be able to handle problems that involve risk seeking or risk averse behaviour as well as problems that involve cases of imperfect information. Additionally, students will become familiar with game theory to understand and analyse strategies employed by firms or individuals.

General description

-Uncertainty, risk and reward
-Welfare theory: efficiency and justice
-Strategic behaviour and game theory
-Imperfect information

Enrolment for University Studies

Enrolment time has expired


Katri Sieberg, Teacher responsible
Markku Konttinen, Contact person


23-Oct-2018 – 28-Nov-2018
Lectures 20 hours
Tue 23-Oct-2018 - 20-Nov-2018 weekly at 10-12, Pinni ls A3103
Thu 25-Oct-2018 - 22-Nov-2018 weekly at 10-12, Pinni ls A3103
Exercises 8 hours
Wed 7-Nov-2018 at 12-14, Päät ls A06
Wed 14-Nov-2018 - 28-Nov-2018 weekly at 12-14, Pinni rh. A3098, The room has been changed.


Numeric 1-5.

Study materials

1. Material mentioned during lectures.

2. Cowell, Frank (2018): Microeconomics - Principles and Analysis, 2nd edition. Oxford University Press. (chapters 8-11; the 1st edition can also be used)

3. Aliprantis, Charalambos D. & Chakrabarti, Subir K. (2000): Games and Decision Making. Oxford University Press. (only applicable parts; later editions can also be used)

Further information

The study module consists of two courses 5 ECTS per course. Courses are lectured in teaching periods 1 and 2 (autumn semester 2018). The first part is compulsory for all. Students majoring in economics must take both of the courses.

(Some places for master level exchange students majoring in economics. A lot of previous studies in microeconomics, macroeconomics and mathematical economics is required.)

The first course exam: Thu 29.11. at 10 - 12 in päätalo D13. No need to sign up.
The second course exam: Tue 4.12. at 10 - 12 in Pinni B4115. No need to sign up.