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KA1 Principles of Economics
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KA1 Principles of Economics

KA1 Principles of Economics

Code: 70101 Credits: 5

Objectives

The aim is to familiarise the student with the foundations of modern micro- and macroeconomic theory. Among the themes covered are: the theory of demand and supply, the market structures, the functioning of labour and money markets, welfare economics and economic policy, international economics.

Mode of assessment

A lecture course (36 hours), practical exercises and examinations.

Literature examinations

Teacher / Contact person

Mai Allo

Courses

Literature:

Readings for international students:
  • Gillespie Andrew: Foundations of Economics, Oxford University Press, 2007, (chapters 1-6, 9-13, 18-31).
  • European Central Bank: The Monetary Policy of the ECB 2004, (chapters 2-3).

http://www.ecb.int/pub/pdf/other/monetarypolicy2004en.pdf

  • Kiander J & Kröger O & Romppanen A (ed.): Finnish Economy, Structural Indicators 2006, (chapters 1 and 3. Government Institute for Economic Research, Helsinki 2006.)

http://www.vatt.fi/file/vatt_publication_pdf/finnisheconomy2006.pdf

N.B. Exercises (basic-level mathematical analysis / applications) are on important part of the studies in economics. The students who have not taken part in KA 1-course should fix themselves up with exercise material either independently or preferably by contacting responsible teacher Mai Allo well in time before the exam.

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