Economics of InstitutionsLaajuus (3 ECTS)

Objective

Upon completing this course the student will:
- Understand the importance of market design
- Understand the implications of market failure at a more advanced level
- Understand the impact of theoretical perspective on problem analysis
- Understand the importance of economic institutions
- Understand the relationship between structure and agency
Students will be able to
- Apply sophisticated theoretical and conceptual analysis to current problems
- Understand the importance of theory as applied to practice
- Make methodologically informed choices when conducting inquiry
- Analyse regulatory and governance regimes

Content

Market structure and design
Markets and information
Social, political and ethical aspects of economics
The regulation of capitalist economies
Understanding markets and regulatory regimes as social constructions
Performativity theory

Qualifications

English Language Proficiency

Assessment criteria, satisfactory (1)

Sufficient performance: showing just enough understanding of the subject to merit a pass grade but requiring greater effort to achieve a more satisfactory result

Assessment criteria, good (3)

Good performance: showing strong understanding of basic concepts and good grasp of techniques, but with certain minor problems still requiring further attention

Assessment criteria, excellent (5)

Excellent performance: not only fulfils all standard requirements but demonstrates originality and imagination