English version published 2006-01-12 10.09.59

Study units and instruction

Study unit Bachelor’s Degree

In Finnish: Kandidaattiopinnot/70002

title: Bachelor’s Degree

(In Finnish: Kandidaattiopinnot )
Credits: 180, Credit Units: 120,

Specialisation field of general economics:

  • All-Faculty General Studies 24
  • Basic and Intermediate Studies (including Bachelor’s Thesis) 86
  • Compulsory Minor Subject Studies (Mathematics and Statistics) 50
  • Other Minor Subject Studies (Elective Studies) 20

Specialisation field of econometrics:

  • All-Faculty General Studies 19
  • Basic and Intermediate Studies (including Bachelor’s Thesis) 86
  • Compulsory Minor Subject Studies (Mathematics and Statistics) 75

Subordinate units

Study unit General Studies

In Finnish: Yleisopinnot/yleisopinnot

title: General Studies

(In Finnish: Yleisopinnot )
Credits: 19/24,
  • general economics: 24 credits
  • econometrics: 19 credits

General Studies:

  • Orientation Course for International Students (HOPS = Personal Study Plan) 1 credit
  • Finnish/Swedish language (general economics) 15 credits
  • Finnish/Swedish language (econometrics) min. 10 credits
  • Foreign Language Text Comprehension + Oral Course 3 credits
  • ICT (tvt-opinnot) 5 credits

Study unit KA1 Principles of Economics

In Finnish: KA1. Kansantaloustieteen perusteet (pääaineopiskelijoille vapaaehtoinen)/70101

title: KA1 Principles of Economics

Credits: 8, Credit Units: 5,

Unit description:

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 (40 - 50 hours), practical exercises and examinations.

Literature

Readings for international students:

  • Begg D & Fischer S & Dornbusch R: Economics (6th ed.), exluding chapters 4, 14-15, 18, 19, 23-24, 30-33 and 36 or (7th ed.), exluding chapters 12-13, 17-18, 22-23, 30-33 and 36 or (8th ed.), excluding chapters 12-13, 17-18, 22-23, 30-33 and 36.

Literature examinations

Study unit KA2 Introduction to the Finnish and World Economies

In Finnish: KA2. Suomen talouselämän ja maailmantalouden esittely (7op + 2 op)/70102

title: KA2 Introduction to the Finnish and World Economies

Credits: 7-9, Credit Units: 4,

Unit description:

The unit deals with the structure and problems of the Finnish and World economies.

Mode of assessment:

A lecture course (32 hours) in Finnish and examinations. N.B. Major subject students of economics (studing according to the new degree structure) must participate in excursions and draw up a report according to instructions (Orientation in Working Life, code 70120, 2 credits).

Literature

The list of English readings for KA2 (Introduction to the Finnish and World Economies) is

  • Kenwood, A. G. & Lougheed, A. L.: The Growth of the International Economy 1820-2000 (4th ed.), excluding parts 2 and 3;
  • Ministry of Finance Finland: Economic Survey (the September 2005 issue). You can print / download this at http://www.vm.fi/vm/liston/page.lsp?r=3742&l=en;
  • Hjerppe, Riitta: The Finnish Economy 1860-1985, Growth and Structural Change. Bank of Finland Publications, Studies on Finland's Economic Growth XIII Helsinki 1989, 295 pages.

Literature examinations

Study unit KA4 Microeconomic Theory

In Finnish: KA4. Mikrotalousteorian kurssi (12 op)/70131

title: KA4 Microeconomic Theory

Credits: 12, Credit Units: 6,

Unit description:

The aim is to introduce the micro basis of economic theory and to give an insight into some microeconomic applications. Among the topics are the following: further analysis of consumer demand; the theory of the firm; market structures; general equilibrium analysis and welfare theory.

Mode of assessment:

A lecture course (45 hours) in Finnish, practical exercises and examinations.

Literature

  • Varian H R: Intermediate Microeconomics. A Modern Approach (6th ed.), excluding chapters 11, 13, 17 and 29.

Literature examinations

Study unit KA5 Macroeconomic Theory

In Finnish: KA5. Makrotalousteorian kurssi (12 op)/70132

title: KA5 Macroeconomic Theory

Credits: 12, Credit Units: 6,

Unit description:

The aim of the study unit is to familiarise the student with macrotheoretical economic analysis so as to enable him/her to analyse economic policy with macroeconomic tools. Among the topics are the determination of national income, employment and inflation, and their dependence on fiscal, monetary and exchange rate policies. Special attention will be paid to the problems of open economies. Acquaintance with the Finnish economy is also required.

Mode of assessment:

A lecture course (45 hours) in Finnish, practical exercises and examinations.

Literature

Readings for international students:

  • Burda M & Wyplosz C: Macroeconomics, A European Text (3rd ed. or 4th ed.).

Literature examinations

Study unit KA6. Special Topics

In Finnish: KA6.Erityisteemoja/KA6

title: KA6. Special Topics

(In Finnish: KA6.Erityisteemoja )
Credits: 20, Credit Units: 12,

Unit description:

The aim is to introduce some special topics in economics from which the student must choose at least four 5 credits (3 credit units) courses.

Mode of assessment:

A lecture course (24 hours) in Finnish and examinations. For study units KA6a-g the department aims to arrange a lecture course every year. At least one of the topics will be lectured in English every year.

Prerequisite:

It is recommended that the student has completed study unit KA4 (microeconomic theory) before taking this study unit. Minor subject students: Study unit KA1 is recommended. For study units KA6j and KA6k study unit KA7 (Introduction to Econometrics) is also required. It is also recommended that the student has completed study unit KA8 (Mathematical Methods in Economics) before taking study unit KA6j.

Superordinate Units

Subordinate units

Study unit KA6a Theory of International Trade

In Finnish: KA6a Kansainvälisen kaupan teoria, 5 op/70151

title: KA6a Theory of International Trade

Credits: 5, Credit Units: 3,

Prerequisite:

It is recommended that the student has completed study unit KA4 (microeconomic theory) before taking this study unit. Minor subject students: Study unit KA1.

Literature

  • Appleyard D R & Field, Jr. A J: International Economics (3rd or 4th ed.), chapters 2-16 and 18.

Literature examinations

Study unit KA6b Public Economics

In Finnish: KA6b Julkinen talous, 5 op/70152

title: KA6b Public Economics

Credits: 5, Credit Units: 3,

Prerequisite:

It is recommended that the student has completed study unit KA4 (microeconomic theory) before taking this study unit. Minor subject students: Study unit KA1.

Literature

  • Stiglitz Joseph E.: Economics of the public sector (3rd ed.), chapters 1-6, 9, 17-20.

Literature examinations

Study unit KA6c Environmental Economics

In Finnish: KA6c Ympäristötaloustiede, 5 op/70163

title: KA6c Environmental Economics

Credits: 5, Credit Units: 3,

Prerequisite:

It is recommended that the student has completed study unit KA4 (microeconomic theory) before taking this study unit.

Study unit KA6d Urban Economics

In Finnish: KA6d Kaupunkitalous I, 5 op/70181

title: KA6d Urban Economics

Credits: 5, Credit Units: 3,

Prerequisite:

It is recommended that the student has completed study unit KA4 (microeconomic theory) before taking this study unit. Minor subject students: Study unit KA1.

Study unit KA6e Labor Economics

In Finnish: KA6e Työn taloustiede, 5 op/70168

title: KA6e Labor Economics

Credits: 5, Credit Units: 3,

Prerequisite:

It is recommended that the student has completed study unit KA4 (microeconomic theory) before taking this study unit. Minor subject students: Study unit KA1.

Literature

  • Borjas G J: Labor Economics (2nd ed.), exluding chapters 3, 8 and 12.

Literature examinations

Study unit KA6f Theory of Finance and Financial Markets

In Finnish: KA6f Rahoituksen ja rahoitusmarkkinoiden teoria, 5 op/70159

title: KA6f Theory of Finance and Financial Markets

Credits: 5, Credit Units: 3,

Prerequisite:

It is recommended that the student has completed study unit KA4 (microeconomic theory) before taking this study unit. Minor subject students: Study unit KA1.

Literature

  • Brealey R & Myers S: Principles of Corporate Finance (6th ed.), chapters 2, 4, 6-8, 13-18 and 20.

Literature examinations

Study unit KA6g Economic Integration

In Finnish: KA6g Talouden integraatio, 5 op/70160

title: KA6g Economic Integration

Credits: 5, Credit Units: 3,

Prerequisite:

It is recommended that the student has completed study unit KA4 (microeconomic theory) before taking this study unit. Minor subject students: Study unit KA1.

Literature

To be confirmed during lectures.

Study unit KA6h Essay Seminar

In Finnish: KA6h Essee-seminaari, 5 op/70170

title: KA6h Essay Seminar

Credits: 5, Credit Units: 3,

Reading and writing economic texts under the guidance of a teacher, length of seminar is half a term. Further information will be given at the beginning of the Autumn and Spring terms.

Prerequisite:

It is recommended that the student has completed study unit KA4 (microeconomic theory) before taking this study unit. Minor subject students: Study unit KA1.

Study unit KA6i Methods in Economics

In Finnish: KA6i Menetelmäopintoja, 5 op/70183

title: KA6i Methods in Economics

Credits: 5, Credit Units: 3,

Intermediate or advanced courses in econometrics, statistics or mathematics by agreement with the professor of econometrics.

Prerequisite:

It is recommended that the student has completed study unit KA4 (microeconomic theory) before taking this study unit. Minor subject students: Study unit KA1.

Study unit KA6j Time Series Analysis

In Finnish: KA6j Aikasarja-analyysi, 5 op/70174

title: KA6j Time Series Analysis

Credits: 5, Credit Units: 3,

Macroeconomic variables are typically time series. Core methods of analysis of time series are introduced.

Prerequisite:

It is recommended that the student has completed study unit KA4 (microeconomic theory) before taking this study unit. For study units KA6j and KA6k study unit KA7 (Introduction to Econometrics) is also required. It is also recommended that the student has completed study unit KA8 (Mathematical Methods in Economics) before taking study unit KA6j.

Literature

  • Enders W: Applied Econometric Time Series (chapters 1-2).

Literature examinations

Study unit KA6k Methodology of Econometrics

In Finnish: KA6k Ekonometrian metodologia, 5 op/70426

title: KA6k Methodology of Econometrics

Credits: 5, Credit Units: 3,

Underlying fundamental questions and problems of econometric research and econometric modellability of different phenomena are inspected. (Knowledge of the main techniques of econometrics, at least, is assumed.)

Prerequisite:

It is recommended that the student has completed study unit KA4 (microeconomic theory) before taking this study unit. For study units KA6j and KA6k study unit KA7 (Introduction to Econometrics) is also required.

Literature

  • Griffiths W E & Hill C R & Judge G G: Learning and Practising Econometrics (Part X, chapter 26, pp. 827 - 842) "Economic Data Sources, Guidelines for Choosing a Research Project, and the Writing of a Research Report".;
  • Hendry D: Econometrics – Alchemy or Science? (Economica 1980:47, pp. 387-406);
  • Leamer E E: Let's Take the Con out of Econometrics (The American Economic Review 1983: 73/1, pp. 31-43.);
  • Pagan A: Three Econometric Methodologies: A Critical Appraisal (Journal of Economic Surveys 1987: Vol.1, No. 1, pp. 3-24.);
  • Hendry D F: Dynamic Econometrics (Part 1.8: Four levels of knowledge);
  • Hoover K D & Perez S J: Data Mining Reconsidered: Encompassing and the General-to-Specific Approach to Specification Search (Econometrics Journal 1999:2, pp. 167-191);
  • Hansen B E: Methodology: Alchemy or Science. Review Article (Economic Journal 1996:106, pp. 1398-1413.);
  • Summers L: The Scientific Illusion in Empirical Macroeconomics (Scandinavian Journal of Economics 1991:93, pp. 129-148);
  • Vartia Y O: Ovatko tilastolliset tutkimustulokset vain monimutkaisesti perusteltuja mielipiteitä? (Kansantaloudellinen aikakauskirja 1988:3, pp. 305-309)(Also available in English).

(These articles are available for copying at the Department office for a student´s own use).

Literature examinations

Study unit KA6l ADP, Software Programmes

In Finnish: KA6l Atk, ohjelmistot, 5 op/70178

title: KA6l ADP, Software Programmes

Credits: 5, Credit Units: 3,

Statistical or econometric programmes, spreadsheets, databases and programming. An essay (about 10 pages) showing mastery of one of the above mentioned programmes. Suitable special tasks may be obtained from the professor of econometrics.

Prerequisite:

It is recommended that the student has completed study unit KA4 (microeconomic theory) before taking this study unit. Minor subject students: Study unit KA1.

Study unit KA6m Other Topics (by Agreement)

In Finnish: KA6m Kansantaloustieteen erikoiskursseja, 5 op/70165

title: KA6m Other Topics (by Agreement)

Credits: 5, Credit Units: 3,

Prerequisite:

It is recommended that the student has completed study unit KA4 (microeconomic theory) before taking this study unit.

Study unit Other Special Courses

In Finnish: Muita erikoiskursseja/ka6m

title: Other Special Courses

(In Finnish: Muita erikoiskursseja )

Study unit KA7 Introduction to Econometrics

In Finnish: KA7. Ekonometrian johdantokurssi (12 op)/70141

title: KA7 Introduction to Econometrics

Credits: 12, Credit Units: 6,

Unit description:

The aim is to introduce basic concepts and tools needed in estimating and evaluating regression models. The main emphasis is on basic assumptions and various economic applications of the linear regression model.

Mode of assessment:

A lecture course (32 hours) in Finnish, practical exercises and examinations.

Literature

  • Stock, J. H. & Watson, M. W.: Introduction to Econometrics, Addison Wesley. (2003)

Literature examinations

Study unit KA8. Mathematical Methods in Economics

In Finnish: KA8. Kansantaloustieteen matemaattiset menetelmät (9 op)/70175

title: KA8. Mathematical Methods in Economics

Credits: 9, Credit Units: 3,

Unit description:

This unit consists of two parts. The first part considers elements of deriving maximization and minimization conditions of economic models. Introduction to comparative statistics is also given. Second part considers elements of differential and difference equations as well as the economic applications of these.

Mode of assessment:

A lecture course (30 hours) in Finnish, practical exercises and examinations.

Literature

  • Chiang A C: Fundamental Methods of Mathematical Economics (3rd ed.), Parts 3, 4 and 5 (exluding chapter 18).

Literature examinations

Study unit KA10 Intermediate Seminar

In Finnish: KA10. Proseminaari / kandidaattiseminaari (4 op + 2 op)/70210

title: KA10 Intermediate Seminar

Credits: 4 + 2, Credit Units: 2,

(Attendance at this seminar is limited to major subject students of economics.)

Unit description:

The intermediate seminar will prepare students in scientific discussion and writing. Attendance at the seminar is compulsory.

HOPS - Personal Study Plan

In the new degree system, the personal study plan will play a central role in study guidance and the follow-up study progress. A student draws up a personal study plan, evaluates and reflects upon his/her own progress.

Mode of assessment:

In the seminar the student writes an essay about a topic agreed upon with the lecturer and presents it to the seminar group.

Prerequisite:

At least study unit KA4 or KA5. (Study unit KA7 is also recommended)

Study unit KA12. Bachelor's Thesis and Maturity Test

In Finnish: KA12. Kandidaatintutkielma (6 op)/70400

title: KA12. Bachelor's Thesis and Maturity Test

Credits: 6, Credit Units: 5,

Unit description:

The aim is to familiarise the student with writing scientific texts and with research methods in economics.

Mode of assessment:

The aim is to start writing the Bachelor´s thesis and completing it as far as possible during the intermediate seminar (see study unit KA10). The length of the thesis is approximately 15 - 25 pages.

The paper to be submitted as the thesis will first be read by the official language examiner of the Faculty to assess the sufficiency of the student´s command of correctly written scientific language. The paper is to be handed to the International Affairs´ Officer of the Faculty, who will forward it to the person in charge of the language check-up.

The Bachelor´s thesis must be submitted to the department´s office after the language verification and after finishing the intermediate seminar, by the end of the next period of instruction at the latest.

Study unit Master´s Degree, General Economics

In Finnish: Maisteriopinnot, yleinen linja/70090

title: Master´s Degree, General Economics

Credits: 120, Credit Units: 49,

Content

The economics programme has two fields of specialization: general economics and econometrics. Studies in Economics for the Master´s Degree include the following study units: advanced microeconomic theory, advanced macroeconomic theory, elective studies and the Master´s Thesis.

N.B. Practical training (code 70430, 5 credits) can be included in the elective studies. Administrator of the department co-ordinates practical training and gives also further information.

Subordinate units

Study unit S1 Advanced Macroeconomic Theory

In Finnish: S1. Makrotalousteorian syventävä kurssi (15 op)/70408

title: S1 Advanced Macroeconomic Theory

Credits: 15, Credit Units: 6,

Unit description:

The aim is to deepen and broaden the knowledge of macroeconomic theory and analysis. The study unit gives also an insight into application of research methods in macroeconomics.

Mode of assessment:

A lecture course (32 hours) in English, practical exercises and examinations. Lecture course will be organized by Helsinki School of Economics during the Spring term 2006. The course is composed of two parts: Macroeconomic Theory I and Macroeconomic Theory II (home page https://cie.hkkk.fi/31E00300. The both parts must be completed and the studies correspond with the study unit S1, 15 credits / 6 credit units. The course will be lectured by professor Pertti Haaparanta.

Literature examinations

Study unit S2./KA11. Advanced Microeconomic Theory

In Finnish: S2./KA11. Mikrotalousteorian syventävä kurssi (15 op)/70481

title: S2./KA11. Advanced Microeconomic Theory

Credits: 15, Credit Units: 6,

Unit description:

The course starts with the theory of production, theory of a firm and consumer theory in terms of optimising behaviour. Subsequently, conditions for the existence of competitive equilibrium are derived and the criteria for Pareto-efficient allocation of resources are presented. As further topics, the theories of uncertainty and strategic behaviour are introduced.

Mode of assessment:

A lecture course (32 hours) in English, practical exercises and examinations.

Prerequisite:

Study units KA2 - KA5 and KA7 and mathematics 25 credits and statistics 25 credits. Students of econometrics: as above but it is recommended that the student has passed studies of statistics (50 credits) before taking this study unit.

Literature

  • Jehle G A & Reny P J: Advanced microeconomic theory

Literature examinations

Study unit Y1. Optional Courses

In Finnish: Y1. Valinnaiset kurssit (30 op)/y1

title: Y1. Optional Courses

Credits: 30, Credit Units: 9,

Elective studies in economics 30 credits altogether. Courses to be lectured in Finnish or in English are changing annually.

Prerequisite:

Study units KA11/S2 and S1.

Superordinate Units

Subordinate units

Study unit E2. Statistical Foundations of Econometric Modelling

In Finnish: E2. Ekonometrian tilastolliset perusteet (10 op)/70511

title: E2. Statistical Foundations of Econometric Modelling

Credits: 10, Credit Units: 4,

Unit description:

Statistical motivation for econometric methods are presented in this study unit. The focus is on the most essential results of mathematical statistics and their relation to econometric research. The main themes are probability calculus including stochastic processes, statistical inference and especially econometric modelling. During the course the classical linear regression model is generalised to allow for stochastic regressors, variable parameters and dynamic models.

The course is intensive and proceeds quickly. Attending students are supposed to have a good knowledge of intermediate studies in statistics. The aim is to give an insight into the opportunities, problems and assumptions in econometric research.

Mode of assessment:

A lecture course (44 hours) in Finnish, an active participation in the theory and computer exercises and examinations.

Prerequisite:

Intermediate studies in statistics and study units KA11/S2 and S1.

Literature

  • Spanos A: Statistical Foundations of Econometric Modelling.;
  • Vartia Y: Korjausliite Spanosin teokseen (available from the office of the Department of Economics).

Literature examinations

Study unit Analysis and Synthesis

In Finnish: Analyysi ja synteesi/70116

title: Analysis and Synthesis

(In Finnish: Analyysi ja synteesi )
Credits: 10, Credit Units: 4,

Literature

The literature is available from Professor Yrjö Vartia.

Study unit International Monetary System

In Finnish: Kansainvälinen rahatalous/70725

title: International Monetary System

Credits: 5, Credit Units: 2,

Literature

The literature is available from Professor Anne Mikkola.

See www-page: http://www.valt.helsinki.fi/staff/ammikkol/raha/

Literature examinations

Study unit Advanced Public Economics

In Finnish: Julkisen talouden syventävä kurssi/70611

title: Advanced Public Economics

Credits: 10, Credit Units: 4,

Literature

The literature is available from Professor Panu Poutvaara.

Literature examinations

Study unit Econometrics Applications

In Finnish: Soveltava ekonometria/70191

(In Finnish: )

Literature

Literature examinations

Study unit The Political Economy of Intergenerational Transfers

In Finnish: The Political Economy of Intergenerational Transfers (5 study points)/70196

title: The Political Economy of Intergenerational Transfers

Credits: 5, Credit Units: 2,

Study unit Growth Theory

In Finnish: Kasvuteorian erityiskysymyksiä / Growth theory/70195

title: Growth Theory

Credits: 5, Credit Units: 2,

Study unit Monetary Policy

In Finnish: Rahapolitiikka/70198

title: Monetary Policy

(In Finnish: Rahapolitiikka )
Credits: 5, Credit Units: 2,

Literature

The literature is available from Docent Jouko Vilmunen.

Literature examinations

Study unit Labour Market Theory

In Finnish: Työmarkkinat/70199

(In Finnish: )

Literature

Study unit Entrepreneurship Theory

In Finnish: Yrittäjyys/70197

title: Entrepreneurship Theory

(In Finnish: Yrittäjyys )
Credits: 5, Credit Units: 2,

Literature

The literature is available from Professor Vesa Kanniainen.

Literature examinations

Study unit Other topics (by agreement)

In Finnish: Muita erityisaiheita kurssien tai sopimuksen mukaan (5-10 op)/70470

title: Other topics (by agreement)

Here the student may take other advanced level courses by agreement, or related courses from the other departments or universities as Helsinki School of Economics or Swedish School of Economics. See also department´s www-page "Opetus muualla" http://www.valt.helsinki.fi/katal/opiskelu/muu.htm

Study unit Practical Training

In Finnish: Työharjoittelu (5 op)/70430

(In Finnish: )

Literature

Study unit Y3. Advanced Seminar

In Finnish: Y3. Tutkielmaseminaari (sis. HOPS 1 op) (20 op)/70420y3

title: Y3. Advanced Seminar

Credits: 20,

N.B. The student is advised to contact the professor who is leading the seminar before the start of the seminar to specify the subject of the Master’s thesis and to make the seminar work more efficient. The list of themes and professors in charge of the seminars will be available on the notice board at the Department of Economics in the beginning of both semesters.

Unit description:

The aim is to familiarise the student with independent research work, writing scientific texts and presenting papers.

Mode of assessment:

The advanced seminar runs for two semesters. The seminar work includes writing a subject outline, specifying of question setting and working out a research plan for the Master’s thesis. The aim is to start writing the Master’s thesis and completing it as far as possible during the seminars. The student produces one or two short presentations on the subject and two papers in the seminar. These two papers should be closely connected or preliminary parts of the thesis helping the student to finish the Master’s thesis. The advanced seminar can be started either in the Autumn or the Spring semester.

HOPS - Personal Study Plan

In the new degree system, the personal study plan will play a central role in study guidance and the follow-up study progress. A student draws up a personal study plan and reflects upon his/her own qualifications to work as an economist.

Prerequisite:

Studies in Economics for the Bachelor´s degree, study units S1 and S2 + language studies.

Study unit E6/Y6. Master’s Thesis

In Finnish: Y6. Pro gradu tutkielma (40 op)/70422

title: E6/Y6. Master’s Thesis

Credits: 40, Credit Units: 20,

Unit description:

The aim is to familiarise the student with independent research work and methods in economics. Further focus is on the use of references and writing scientific texts. New scientific results are not necessarily required from a good Master’s thesis. When choosing the subject for the Master’s thesis pay attention to how viable the subject is and the amount of work it demands. The workload of the Master’s thesis should reflect the 40 credits which are awarded.

Mode of assessment:

The student receives guidance from the professor in question when writing the Master’s thesis.

Starting from the first of September 2005, students do not need to write a separate maturity test in order to graduate.

Master´s Thesis should be submitted in two copies to the Study Office of the Faculty of Social Sciences. Please check the deadlines!

Study unit Master´s Degree, Econometrics

In Finnish: Maisteriopinnot, ekonometrian linja/70091

title: Master´s Degree, Econometrics

Credits: 120, Credit Units: 49,

Content

The economics programme has two fields of specialization: general economics and econometrics. Studies in Economics for the Master´s Degree include the following study units: advanced microeconomic theory, advanced macroeconomic theory, elective studies and the Master´s Thesis. N.B. Statistical Foundations of Econometric Modelling (10 credits) is a compulsory study unit for students specialising in econometrics. Students are supposed to have a good knowledge of intermediate studies in statistics.

N.B. Practical training (code 70430, 5 credits) can be included in the elective studies. Administrator of the department co-ordinates practical training and gives also further information.

Subordinate units

Study unit E1. Optional courses

In Finnish: E1. Valinnaiset kurssit (20 op)/e1

title: E1. Optional courses

Credits: 30, Credit Units: 9,

Elective studies in economics 30 credits altogether. Courses to be lectured in Finnish or in English are changing annually. N.B. Course Statistical Foundations of Econometric Modelling (10 credits)is obligatory.

Prerequisite:

Study units KA11/S2 and S1.

Superordinate Units

Subordinate units

Study unit E3. Advanced Seminar

In Finnish: E3. Tutkielmaseminaari (sis. HOPS 1 op) (20 op)/70420e3

title: E3. Advanced Seminar

Credits: 20, Credit Units: 5,

N.B. The student is advised to contact the professor who is leading the seminar before the start of the seminar to specify the subject of the Master’s thesis and to make the seminar work more efficient. The list of themes and professors in charge of the seminars will be available on the notice board at the Department of Economics in the beginning of both semesters.

Unit description:

The aim is to familiarise the student with independent research work, writing scientific texts and presenting papers.

Mode of assessment:

The advanced seminar runs for two semesters. The seminar work includes writing a subject outline, specifying of question setting and working out a research plan for the Master’s thesis. The aim is to start writing the Master’s thesis and completing it as far as possible during the seminars. The student produces one or two short presentations on the subject and two papers in the seminar. These two papers should be closely connected or preliminary parts of the thesis helping the student to finish the Master’s thesis. The advanced seminar can be started either in the Autumn or the Spring semester.

HOPS - Personal Study Plan

In the new degree system, the personal study plan will play a central role in study guidance and the follow-up study progress. A student draws up a personal study plan and reflects upon his/her own qualifications to work as an economist.

Prerequisite:

Studies in Economics for the Bachelor´s degree, study units S1 and S2 + language studies.

Study unit Economics as a Minor Subject

In Finnish: Kansantaloustiede sivuaineena/sivuaineena

title: Economics as a Minor Subject

Economics is also a useful Minor subject for students of other degree programmes. A student can choose from the following blocks:

  • Basic studies in Economics: 25 credits or
  • Intermediate studies in Economics: 35 credits

Basic Studies in Economics includes study units KA1 (8 credits), KA2 (7 credits), and 10 credits of special topics which can be chosen freely from among the topics of study unit KA6.

Intermediate Studies in Economics includes study units KA4 (12 credits), KA5 (12 credits), and furthermore 11 credits of special topics which can be chosen freely from among the topics of study unit KA6.

Subordinate units

Study unit Postgraduate Studies in Economics

In Finnish: Jatko-opinnot/70900

title: Postgraduate Studies in Economics

(In Finnish: Jatko-opinnot )
Credits: 60, Credit Units: 35,

Overview

Two degrees are offered at the postgraduate level. The Licentiate degree is the lower, optional post-graduate degree. A Doctoral degree is the final, highest postgraduate degree. The candidate is required to write a dissertation and defend it in a public examination. A student can aim at a Doctor´s degree without first getting a Licentiate.

Requirements for admission

The requirements for postgraduate applicants in economics are:

1) The Master´s degree in economics or an equivalent degree. N.B. It is required that the applicant´s master´s degree obtained may not be completed earlier than 5 years ago.* 2) At least the grade “good” in the advanced studies in economics. 3) The preliminary research plan. 4) Information on the thesis´s supervisor. 5) Documents to be submitted: see the faculty´s home page: http://www.valt.helsinki.fi/faculty/adm/postgrad.htm

Postgraduate applications are handed by the Administrative Officer of the Faculty of Social Sciences, Ms Terhi Kulonpalo, and all enquiries etc. ought to be directed to her. There are two application deadlines per annum the 15th of May and 15th of November. The selection of postgraduate students is completed from four to six weeks after the closing dates.

*Please note that if the applicant´s master´s degree is completed earlier than 5 years ago, the student seeking admission in postgraduate studies must take part in a separate examination before he/she is able to submit his/her application. At least the grade “good”must be achieved in the exam. The literature is as follows:

Gravelle H & Rees R: Microeconomics (2nd ed.), chapters 1-4, 5C, 6-12, 14-15 and 17-19; Jones C I: Introduction to Economic Growth (2nd ed.); Romer R: Advanced Macroeconomics (2nd ed.), chapters 4, 5, 6, 9, 10 and 2B (part B).

Registration

For each academic year, postgraduate students must be enrolled at the University of Helsinki. Registration for the upcoming academic year starts at the beginning of May and runs until September 16th. Students should register also at the Department´s office at Arkadiankatu 7 at the beginning of Fall term (forms are available at the office).

Teaching

Postgraduate studies in economics are closely related to studies in the Finnish Doctoral Programme in Economics (FDPE). FDPE promotes high-quality doctoral education in economics in Finland by organizing systematic and diverse doctoral courses and seminars. FDPE is designed to provide doctoral students, irrespective of their base institution, with a thorough training in the skills required of the contemporary academic and professional economists. FDPE also acts as a channel for cooperation in research and thesis supervision.

FDPE is not a degree granting programme in itself but a joint programme of all 11 Departments of Economics in Finland. Thus, to be able to register with FDPE the student first needs admission at doctoral level to one of the participating universities. Having been accepted by the university the student should register with FDPE at the beginning of the academic year.

FDPE also has 15 fellowships available for promising and successful doctoral students in the Finnish universities. The fellowships are financed by the Ministry of Education. More information is available at http://www.hecer.fi/

Prerequisite in Mathematics and Statistics

At least following studies in mathematics and statistics are required:

  • Mathematics, A-block (16 credit units)
  • Basic Studies in Statistics, alternative I, (11 credit units).

Subordinate units

Study unit Postgraduate Examination in Economics

In Finnish: Jatkokoulutuskuulustelu, 35 op (70800)/jatko

title: Postgraduate Examination in Economics

Credits: 35, Credit Units: 20,

Requirements for the Postgraduate Examination

Postgraduate studies, 35 credits, in Economics:

  • Postgraduate courses (25 credits)
  • Active participation in the postgraduate seminar for two semesters (10 credits).

Professor Klaus Kultti is responsible for postgraduate studies and seminar in the Department of Economics.

Superordinate Units

Subordinate units

Study unit L1. Postgraduate Courses

In Finnish: L1. Jatkokoulutuskurssit, 25 op/jatkokurssit

title: L1. Postgraduate Courses

Credits: 25, Credit Units: 14,

Superordinate Units

Subordinate units

Study unit L1.1 Theory of Resource Allocation

In Finnish: L1.1 Resurssien allokaation teoria, 10 op/70802

title: L1.1 Theory of Resource Allocation

Credits: 10, Credit Units: 5,

Mode of assessment:

a) Course in Microeconomic Theory in FDPE (Finnish Doctoral Programme in Economics) or b) the following literature:

Literature

  • Mas-Colell A & Whinston M D & Green J R: Microeconomic Theory (chapters 1-10 and 12-20).

Literature examinations

Study unit L1.2 Macroeconomic Theory

In Finnish: L1.2 Makrotalousteoria, 10 op/70803

title: L1.2 Macroeconomic Theory

Credits: 10, Credit Units: 5,

Mode of assessment:

a) Course in Macroeconomic Theory in FDPE (Finnish Doctoral Programme in Economics) or b) the following literature:

Literature

  • Blanchard O J & Fischer S: Lectures on Macroeconomics (chapters 1-8);
  • Obstfeld M & Rogoff K: Foundations of International Macroeconomics (chapters 2, 5 and 9).

Literature examinations

Study unit L1.3 Methodology and History of Economic Thought

In Finnish: L1.3 Oppihistoria, metodologia ja menetelmät, vähintään 3 op/jatkoL13

title: L1.3 Methodology and History of Economic Thought

Credits: 3, Credit Units: 2,

The student must complete at least 3 credits of the below mentioned topics. The corresponding courses completed in FDPE programme can be included in this study unit, too.

Study unit L1.3a History of Economic Thought

In Finnish: L1.3a) Oppihistoria, 3 op/70821

title: L1.3a History of Economic Thought

Credits: 3, Credit Units: 2,

Literature

  • Blaug M: Economic Theory in Retrospect (4th ed.).

Literature examinations

Study unit L1.3b Methodology

In Finnish: L1.3b) Metodologia, 3 op/70822

title: L1.3b Methodology

(In Finnish: L1.3b) Metodologia, 3 op )
Credits: 3, Credit Units: 2,

Literature

  • Caldwell B J (ed.): The Philosophy and Methodology of Economics (Vol. I-III), one part according to agreement (must be agreed upon with the examinator of this study unit).

Literature examinations

Study unit L1.3c Dynamic Optimization

In Finnish: L1.3c) Dynaaminen optimointi, 3 op/70823

title: L1.3c Dynamic Optimization

Credits: 3, Credit Units: 2,

Literature

  • Kamien M & Schwarz N: Dynamic Optimization (Part I: chapters 1-3, 9 and 17 and Part II and Appendix A + B).

Literature examinations

Study unit L1.3d Game Theory

In Finnish: L1.3d) Peliteoria, 3 op/70824

title: L1.3d Game Theory

(In Finnish: L1.3d) Peliteoria, 3 op )
Credits: 3, Credit Units: 2,

Literature

  • Myerson R B: Game Theory, Analysis of Conflict (chapters 1-8).

Literature examinations

Study unit L1.3e Economics of Uncertainty and Information

In Finnish: L1.3e) Epävarmuus ja informaatio, 3 op/70825

title: L1.3e Economics of Uncertainty and Information

Credits: 3, Credit Units: 2,

Literature

  • Macho-Stadler I & Pérez-Castrillo J D: An Introduction to the Economics of Information.

Literature examinations

Study unit L1.3f Econometrics

In Finnish: L1.3f) Ekonometria, 3 op/70826

title: L1.3f Econometrics

(In Finnish: L1.3f) Ekonometria, 3 op )
Credits: 3, Credit Units: 2,

Literature

  • Hayashi F: Econometrics, chapters 5, 8 and 9-10 and
  • Pagan A: Three Econometric Methodologies: A Critical Appraisal. Journal of Economic Surveys 1987: Vol. 1, No. 1, 3-24.

Literature examinations

Study unit L1.3g Time Series Analysis (L1.3g) (Lis)

In Finnish: L1.3g) Aikasarja-analyysi, 3 op/70827

title: L1.3g Time Series Analysis (L1.3g) (Lis)

Credits: 3, Credit Units: 2,

Literature

  • Hamilton J: Time Series Analysis (chapters 1-5).

Literature examinations

Study unit L1.4 Books by Agreement

In Finnish: L1.4 Opiskelijakohtainen osa, 2 op/70810

title: L1.4 Books by Agreement

Credits: 2, Credit Units: 1-2,

Mode of assessment:

Books by agreement (thesis-related literature). Please, consult the professor in charge of postgraduate studies.

Study unit L2. Postgraduate Seminar

In Finnish: L2. jatkokoulutusseminaari, 10 op/70811

title: L2. Postgraduate Seminar

Credits: 10, Credit Units: 6,

Mode of assessment:

Active participation in a postgraduate seminar for two semesters (10 credits).

N.B. Postgraduate courses in microeconomic theory and macroeconomic theory must have been completed before registration for the seminar. The student must submit a research proposal (max. 3-4 pages) to the professor who is leading the postgraduate seminar before the start of the seminar.

Study unit Complementary Studies in Economics

In Finnish: Sivuaineen syventäviä opintoja ilman tutkielmaa tai seuraavat lisäopinnot, yhteensä vähintään 25 op/70850

title: Complementary Studies in Economics

Credits: 25, Credit Units: 15,

Complementary Studies in Economics or Advanced Studies in Minor Subject at least 25 credits. Courses completed in FDPE programme can be included in these studies, too.

Superordinate Units

Subordinate units

Study unit L3. Classics in Economics

In Finnish: L3. Tutustuminen kansantaloustieteen klassikoihin, 5 op/70851

title: L3. Classics in Economics

Credits: 5, Credit Units: 3,

Mode of assessment:

Literature: complete one of the following options. Please, consult the examinator for the choice of the book.

Literature

  • Smith A: The Wealth of Nations;
  • Ricardo D: Principles of Political Economy and Taxation;
  • Walras L: Elements of Pure Economics;
  • Marshall A: Principles of Economics;
  • Wicksell K: Föreläsningar i nationalekonomi (engl. Lectures on Political Economy);
  • Keynes J M: The General Theory of Employment, Interest and Money.

Literature examinations

Study unit L4. Studies in Economic History

In Finnish: L4. Perehtyminen taloushistoriaan, 3 op/70855

title: L4. Studies in Economic History

Credits: 3, Credit Units: 2,

Literature

Literature according to agreement for example:

  • Mathias P & Davis J A (eds.): The First Industrial Revolutions
  • Grafts N & Tonniolo G: Economic Growth in Europe since 1945 (chapters 1-6, 8-9, 15-16 and 18).

Literature examinations

Study unit L5. Mathematical Methods and Econometrics

In Finnish: L5. Menetelmät ja ekonometria, 8 op/70853

title: L5. Mathematical Methods and Econometrics

Credits: 8, Credit Units: 4-5,

This study unit can be completed as follows: a) Postgraduate Course in Econometrics organized by FDPE or the following literature may be taken only if a student has not been able to participate, with reasonable grounds, in FDPE´s lecture course: Hayashi F: Econometrcis, chapters 1-4 and 6-7, b) Statistical Foundations of Econometric Modelling, see study unit E2, c) Studies in Time Series Analysis (consult the professor of econometrics), d) Elective studies in econometrics or statistics (as time series analysis,sampling, multivariate methods etc.). In addition studies from the other departments or universities can be approved. The professor of econometrics has to be asked to approve these studies.

Literature examinations

Study unit L6. Special Topics

In Finnish: L6. Kansantaloustieteen erityisteemoja, 9 op/LIS6

title: L6. Special Topics

Credits: 9, Credit Units: 5-6,

Special topics according to agreement, 9 credits altogether.

Superordinate Units

Subordinate units

Study unit L6.1 Public Economics

In Finnish: L6.1 Julkinen talous, 3 op/70861

title: L6.1 Public Economics

Credits: 3, Credit Units: 2,

Literature

  • Myles G O: Public Economics, chapters 3-12.

Literature examinations

Study unit L6.2 Methodology

In Finnish: L6.2 Metodologia, 3 op/70862

title: L6.2 Methodology

(In Finnish: L6.2 Metodologia, 3 op )
Credits: 3, Credit Units: 2,

Literature

Literature (choose two of the following books):

  • Hausman D M: The Inexact and Separate Science of Economics
  • Marchi N & Blaug M (eds.): Appraising Economic Theories (chapters 1-6, 10-12 and 15-16)
  • Langlois R N (ed.): Economics as a Process: Essays in the New Institutional Economics
  • Henderson W & Dudley-Evans T & Backhouse R (eds.): Economics and Language
  • Wong S: The Foundations of Paul Samuelson's Revealed Preference Theory: A Study by the Method of Rational Reconstruction.

Literature examinations

Study unit L6.3 Natural Resources and Environment

In Finnish: L6.3 Ympäristö- ja luonnonvarat, 3 op/70872

title: L6.3 Natural Resources and Environment

Credits: 3, Credit Units: 2,

Literature

  • Clark C: Mathematical Bioeconomics (2nd ed.), chapters 1-5 and 8-9 or
  • Conrad J R & Clark C W: Natural Resource Economics.

Literature examinations

Study unit L6.4 International Money and Finance

In Finnish: L6.4 Kansainvälinen talous, 3 op/LIS64

title: L6.4 International Economcis

Credits: 3, Credit Units: 2,

Choose either a) Theory of International Trade, 3 credits/2 credit units or b) Exchange Rate Dynamics, 3 credits/2 credit units

Study unit L6.4a Theory of International Trade

In Finnish: L6.4a) Kansainvälisen kaupan teoria, 3 op/70873

title: L6.4a Theory of International Trade

Credits: 3, Credit Units: 2,

Literature

  • Helpman E & Krugman P R: Trade Policy and Market Structure;
  • Helpman E & Krugman P R: Market Structure and Foreign Trade (chapter 6)

Literature examinations

Study unit L6.4b Exchange Rate Dynamics

In Finnish: L6.4b) Valuuttakurssien määräytyminen, 3 op/70874

title: L6.4b Exchange Rate Dynamics

Credits: 3, Credit Units: 2,

Literature

  • Krugman P R: Currencies and Crises (ecluding appendices);
  • Murshed S M: Macroeconomics for Open Economies

Literature examinations

Study unit L6.5 Economics in Transition

In Finnish: L6.5 Siirtymätalouksien kysymyksiä, 3 op/70875

title: L6.5 Economics in Transition

Credits: 3, Credit Units: 2,

Literature

  • Stiglitz J E: Whither Socialism?;
  • Amsden A & Kochanowicz J & Taylor L: Market Meets Its Match.

Literature examinations

Study unit L6.6 Investment, Finance and Capital Markets

In Finnish: L6.6 Investoinnit, rahoitus- ja pääomamarkkinat, 3 op/LISL66

title: L6.6 Investment, Finance and Capital Markets

Credits: 3, Credit Units: 2,

Mode of assessment:

Choose one topic of the following fields: a) Theory of Investment, 3 credits/2 credit units b) Theory of Finance, 3 credits/2 credit units c) Theory of Banking, 3 credits/2 credit units

Study unit L6.6a Theory of Investment

In Finnish: L6.6a) Investointiteoria, 3 op/70876

title: L6.6a Theory of Investment

Credits: 3, Credit Units: 2,

Literature

  • Dixit A K & Pindyck R S: Investment Under Uncertainty.

Literature examinations

Study unit L6.6b Theory of Finance

In Finnish: L6.6b) Rahoitusteoria, 3 op/70877

title: L6.6b Theory of Finance

Credits: 3, Credit Units: 2,

Literature

  • Huang C & Litzenberger R H: Foundations for Financial Economics (chapters 1-9).

Literature examinations

Study unit L6.6c Theory of Banking

In Finnish: L6.6c) Pankkiteoria, 3 op/70856

title: L6.6c Theory of Banking

Credits: 3, Credit Units: 2,

Literature

  • Freixas X & Rochet J C: Microeconomics of Banking.

Literature examinations

Study unit L6.7 Industrial Organization and the Theory of Competition

In Finnish: L6.7 Teollinen organisaatio ja kilpailuteoria, 3 tai 6 op/70867

title: L6.7 Industrial Organization and the Theory of Competition

Credits: 3-6, Credit Units: 2-4,

Literature

Choose either

alternative a) 3 credits/2 credit units

  • Tirole J: The Theory of Industrial Organization (Part I)

or

alternative b) 6 credits/4 credit units

  • Tirole J: The Theory of Industrial Organization.

Literature examinations

Study unit L6.8 Labor Economics

In Finnish: L6.8 Työn taloustiede, 3 op/70868

title: L6.8 Labor Economics

Credits: 3, Credit Units: 2,

Literature

Articles of the following compilation book: Handbook of Labor Economics (Vol. 3A, 3B and 3C) (must be agreed upon with the examinator) or

  • Pissarides C A: Equilibrium Unemployment Theory (2nd ed.).

Literature examinations

Study unit L6.9 Time Series Analysis

In Finnish: L6.9 Aikasarja-analyysi, 3-6 op/LIS69

title: L6.9 Time Series Analysis

Credits: 3-6, Credit Units: 2-5,

Choose one topic of the following fields: a) Nonstationary Time Series Analysis, 4 credits/3 credit units b) Special Topics, 3 credits/2 credit units c) Multivariate Time Series Analysis, 6 credits/5 credit units d) Analysis of Financial Time Series, 6 credits/5 credit units d) Methodology of Macroeconometrics, 6 credits/ 5 credit units

Superordinate Units

Subordinate units

Study unit L6.9a Nonstationary Time Series Analysis (L6.9a) (Lis)

In Finnish: L6.9a) Epästationaaristen aikasarjojen analyysi, 4 op/70860

title: L6.9a Nonstationary Time Series Analysis (L6.9a) (Lis)

Credits: 4, Credit Units: 3,

Literature

  • Hamilton J: Time Series Analysis (chapters 7-8 and 15-17).

Literature examinations

Study unit L6.9b Special Topics (L6.9b) (Lis)

In Finnish: L6.9b) Erityiskysymyksiä, 3 op/70889

title: L6.9b Special Topics (L6.9b) (Lis)

Credits: 3, Credit Units: 2,

Literature

  • Hamilton J: Time Series Analysis (chapters 6, 14 and 21-22)

Literature examinations

Study unit L6.9c) Multivariate Time Series Analysis

In Finnish: L6.9c) Moniulotteisten aikasarjojen analyysi, 6 op/LISL69C

title: L6.9c) Multivariate Time Series Analysis

Credits: 6, Credit Units: 5,

Prerequisite: L6.9a

See requirements of the Department of Mathematics and Statistics.

Study unit L6.9d) Analysis of Financial Time Series

In Finnish: L6.9d) Rahoitusaikasarjojen analyysi, 6 op/LISL69D

title: L6.9d) Analysis of Financial Time Series

Credits: 6, Credit Units: 5,

Prerequisite: Study unit L1.3g is recommended.

See requirements of the Department of Mathematics and Statistics.

Literature

  • Franses P H & van Dijk D: Non-Linear Time-Series Models in Empirical Finance.

Study unit L6.9e Methodology of Macroeconometrics (L6.9e) (LIS)

In Finnish: L6.9e) Makroekonometrian metodologia, 6 op/70890

title: L6.9e Methodology of Macroeconometrics (L6.9e) (LIS)

Credits: 6, Credit Units: 5,

Prerequisite: Study units L6.9 a-c are recommended.

Literature

  • Favero C: Applied Macroeconometrics.

Literature examinations

Study unit L6.10 Economic Growth and Business Cycle Theory

In Finnish: L6.10 Kasvu- ja suhdanneteoria, 3 op/70870

title: L6.10 Economic Growth and Business Cycle Theory

Credits: 3, Credit Units: 2,

Literature

  • Barro R J & Sala-i-Martin X: Economic Growth (chapters 1-6 and 10-12);
  • Gabisch G & Lorenz H-W: Business Cycle Theory (2nd ed.), readings must be agreed upon with the examinator.

Literature examinations

Study unit L6.11 Orientations in Macroeconomics

In Finnish: L6.11 Makrotaloustieteen suuntauksia, 3 ov/LISL611

title: L6.11 Orientations in Macroeconomics

Credits: 3, Credit Units: 2,

Choose one topic of the following fields: a) Monetary Theory and Policy, 3 credits/2 credit units b) Learning and Expectations in Macroeconomics, 3 credits/2 credit units c) Labour Market and the Macroeconomy, 3 credits/2 credit units

Study unit L6.11a Monetary Theory and Policy

In Finnish: L6.11a) Rahateoria ja rahapolitiikka, 3 op/70883

title: L6.11a Monetary Theory and Policy

Credits: 3, Credit Units: 2,

Literature

  • Walsh C: Monetary Theory and Policy.

Literature examinations

Study unit L6.11b Learning and Expectations in Macroeconomics

In Finnish: L6.11b) Odotukset ja oppimisdynamiikka, 3 op/70884

title: L6.11b Learning and Expectations in Macroeconomics

Credits: 3, Credit Units: 2,

Literature

  • Evans G & Honkapohja S: Learning and Expectations in Macroeconomics.

Literature examinations

Study unit L6.11c Labour Market and the Macroeconomy

In Finnish: L6.11c) Työmarkkinat ja makrokehitys, 3 op/70885

title: L6.11c Labour Market and the Macroeconomy

Credits: 3, Credit Units: 2,

Literature

  • Palokangas T: Labour Unions, Public Policy and Economic Growth.

Literature examinations

Study unit L6.12 Economic Evolution

In Finnish: L6.12 Talouden evoluutio, 3 op/70882

title: L6.12 Economic Evolution

Credits: 3, Credit Units: 2,

Literature

  • Arthur W B & Durlauf S N & Lane D A (eds.): The Economy as an Evolving Complex System (vol. II, 1997), the following articles: (1) Arthur, Durlauf & Lane, (2) Arthur, Holland, LeBaron, Palmer & Taylor, (3) Darley & Kaufmann, (4) Durlauf, (5) Ioannides, (6) Krugman, (7) Leijonhufvud, (8) Lindgren, (9) Brock, (10) Blume, (11) Kirman, (12) Tesfatsion.

Literature examinations

Study unit L6.13 Finance in Continuous Time

In Finnish: L6.13 Jatkuvan ajan stokastiset mallit, 3 op/70881

title: L6.13 Finance in Continuous Time

Credits: 3, Credit Units: 2,

Literature

  • Shimko D C: Finance in Continuous Time: A Primer (chapters 1 and 3);
  • Merton R C: Continuous Time Finance (according to agreement e.g. chapters 3, 5 and 15)

Literature examinations

Study unit L6.14 Economic Geography and Urban Economics

In Finnish: L6.14 Talousmaantiede ja kaupunkitalous, 3 op/70886

title: L6.14 Economic Geography and Urban Economics

Credits: 3, Credit Units: 2,

Literature

  • Fujita M & Krugman P & Venables A J: The Spatial Economy: Cities, Regions and International Trade.

Literature examinations

Study unit L6.15 Theories of Ditributive Justice

In Finnish: L6.15 Yhteiskunnallisen oikeudenmukaisuuden teoriat, 3 op/70887

title: L6.15 Theories of Ditributive Justice

Credits: 3, Credit Units: 2,

Literature

  • Roemer J E: Theories of Distributive Justice

or

  • Kolm S-C: Modern Theories of Justice (excluding part IV).

Literature examinations

Study unit L6.16 Other Topics, by Agreement

In Finnish: L6.16 Muita erityiskysymyksiä kurssien tai sopimuksen mukaan, 3 op tai enemmän/70888

title: L6.16 Other Topics, by Agreement

Credits: 3, Credit Units: 2,

Study unit Licentiate and Doctoral Thesis

In Finnish: Lisensiaatintutkimus ja väitöskirja/vtlvt

title: Licentiate and Doctoral Thesis

The postgraduate degrees are the Licentiate and Doctoral degrees. It is possible to study for the doctorate without having a separate Licentiate thesis. The student, however, must complete the course and seminar work required for the Licentiate.

See also website http://www.valt.helsinki.fi/tiedekunta/opiskelu/jatko-opinnot/index.htm

Courses

K70116    Analyysi ja synteesi, 10 op
K70194    Development Economics
K70180    Economics and Politics of European Integration
K70511    Ekonometrian tilastolliset perusteet, 10 op
K70184b    Etiikka ja talous
jatko    Jatkokoulutuskuulustelu, 20 ov
K70611    Julkisen talouden syventävä kurssi, 10 op
K70738    K1.1 Kansainvälinen kauppa ja integraatio, 2 ov
K70101b    KA1. Kansantaloustieteen perusteet sivuaineopiskelijat, 8 op
K70101c    KA1. Principles of Economics, 8 study points
K70210    KA10. Kandidaattiseminaari / proseminaari (4 op + 2 op)
K70481    KA11. Mikrotalousteorian syventävä kurssi/Advanced Microeconomics
K70300    KA12. KANDIDAATINTUTKIELMA, 5 OV
K70102    KA2. Suomen talouselämän ja maailmantalouden esittely, 7 + 2 op
K70131    KA4. Mikrotalousteorian kurssi, 12 op
K70132    KA5. Makrotalousteorian kurssi, 12 op
K70151    KA6a International Economics, 5 op
K70152    KA6b Julkinen talous, 5 op
K70163    KA6c Ympäristötaloustiede
K70181    KA6d Kaupunkitalous I, 5 op
K70168    KA6e Työn taloustiede, 2 ov
K70159    KA6f Rahoituksen ja rahoitusmarkkinoiden teoria, 2 ov
K70160    KA6g Talouden integraatio, 2 ov
K70170    KA6h Essee-seminaari, 2 ov
K70183    KA6i Menetelmäopintoja, 2 ov
K70174    KA6j Aikasarja-analyysi, 2 ov
K70426    KA6k Ekonometrian metodologia, 2 ov
K70178    KA6l Atk, ohjelmistot, 2 ov
K70165    KA6m Kansantaloustieteen muita erikoiskursseja, 2 ov
K70141    KA7. Ekonometrian johdantokurssi, 12 op
K70175    KA8. Kansantaloustieteen matemaattiset menetelmät 9 op
Kavae    KAVAn ekonometrian kurssi
kandiweboodi    Kandidaatintutkielman tarkastukseen jättäminen webOodissa
K70725    Kansainvälinen rahatalous, 5 op
K70165a    Kansantalouden tilinpito
K70195    Kasvuteorian erityiskysymyksiä / Growth theory, 5 op
K70802    L1.1 Resurssien allokaation teoria, 10 op
K70803    L1.2 Makrotalousteoria, 10 op
K70810    L1.4 Opiskelijakohtainen osa, 2 op
K70811    L2. Jatkokoulutusseminaari, 10 op
KKA10JV    Lehtori Vehviläisen seminaari
K70198    Rahapolitiikka, 5 op
K70408    S1. Makrotalousteorian syventävä kurssi/Advanced Macroeconomic Theory
Ke22b    Soveltava ekonometria, 5 op
K70196    The Political Economy of Intergenerational Transfers, 5 op
K70420    Tutkielmaseminaari, 5 ov
K70199    Työmarkkinat, 5 op
KKA10HK    Yliopistonlehtori Kaupin seminaari
KKA10UL    Yliopistonlehtori Lehmijoen seminaari
K70197    Yrittäjyys, 5 op
K70821    a) Oppihistoria, 2 ov
K70822    b) Metodologia, 2 ov
K70823    c) Dynaaminen optimointi, 2 ov
K70824    d) Peliteoria, 2 ov
K70825    e) Epävarmuus ja informaatio, 2 ov
K70827    g) Aikasarja-analyysi, 2 ov