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Minor in Economics (intermediate level)
Basic information
Code:
BIZ31200
Extent:
20–25
ECTS
Curriculum:
2026–2028
2024–2026
2022–2024
Previous curricula
Level:
Intermediate studies
Language of learning:
English
Finnish
Target group:
All Aalto students
Teacher in charge:
Matti Sarvimäki
Administrative contact:
Elina Yrjänäinen
Organising department:
Department of Economics
Organiser:
School of Business
Prerequisites:
You should pay attention to the course-specific prerequisites and make sure you meet them in order to succeed in the courses.
Quotas and restrictions:
Many courses have limited number of seats and students are selected according to the order of priority confirmed in the course description.
Application process:
-
Content and structure of the minor
About the minor
Description of the minor
A minor in economics provides a basic understanding of fundamental economic theories and institutions, as well as an ability to apply the knowledge in practical settings. The study module develops both analytical thinking and academic insights and it qualifies students to understand the connection between micro- and macroeconomic questions.
Content
Students in the BSc Programme in Business (Kauppatieteiden kandidaattiohjelma) complete the Economics minor with a minimum of 20 ECTS credits, as the course 31A00110 Taloustieteen perusteet is already included in their degree. Students must select two mandatory courses and two elective courses to reach at least 20 ECTS credits.
All other Aalto students must complete three mandatory courses and select at least one elective course to reach 20-25 ECTS credits. Taloustieteen perusteet or Principles of Economics should be completed first.
Make sure to check course prerequisites before enrolling.
| Code | Course name | ECTS | Teaching |
|---|---|---|---|
| 31A00110 ECON-C9000 |
Taloustieteen perusteet or Principles of Economics |
6 6 |
II Finnish IV English |
| ECON-C2110 | Intermediate Microeconomics I | 5 | I English |
| ECON-C3110 | Intermediate Macroeconomics I | 5 | III English |
Choose 5-12 ECTS of the following courses to reach at least 20 ECTS credits |
|||
| ECON-C2210 | Intermediate Microeconomics II | 5 | II English |
| ECON-C3210 | Intermediate Macroeconomics II | 5 | IV English |
| ECON-C4110 | Econometrics I | 5 | III English |
| ECON-C4210 | Econometrics II | 5 | IV English |
| ECON-C6000 | Competition and Market Strategy | 6 | I English |
| ECON-C1300 | Environmental Economics and Policy | 6 | IV English |
| ECON-C5000 | Game Theory | 6 | III English |
| ECON-C7000 | Globaalit haasteet | 6 | IV Finnish |
| ECON-C1100 | Mathematics for Economists 1 | 6 | ±õ–I±õ English |
| 31C00800 | Personnel Economics | 6 | II English |
| 31C00900 | Raha- ja pankkiteoria | 6 | V Finnish |
| SPT-E4050 | Transport Economics | 5 | III English |
| 31C02100 | Urban Economics | 6 | III English |
1 Recommended for students who are planning to continue studies in the Master's programme in Economics. Replaces the course Taloustieteen matemaattiset menetelmät (31C01100).
Previous curricula
Basic information
Code: BIZ31200
Extent: 20–26 ECTS
Level: Intermediate studies
Language of learning: English Finnish
Theme: Global business dynamics
Target group: All Aalto students
Teacher in charge: Matti Sarvimäki
Administrative contact: Elina Yrjänäinen
Organising department: Department of Economics
School: School of Business
Prerequisites: You should pay attention to the course-specific prerequisites and make sure you meet them in order to succeed in the courses.
Quotas and restrictions: Many courses have limited number of seats and students are selected according to the order of priority confirmed in the course description.
Application process: -
About the minor
Description of the minor
A minor in economics provides a basic understanding of fundamental economic theories and institutions, as well as an ability to apply the knowledge in practical settings. The study module develops both analytical thinking and academic insights and it qualifies students to understand the connection between micro- and macroeconomic questions.
Content
If the mandatory course 31A00110 Taloustieteen perusteet is a compulsory part of your degree and is settled in e.g. the module Liiketoimintaosaamisen perusteet, the minimum extent for the minor is 20 ECTS credits. In other cases, the minimum is 26 ECTS credits.
| Code | Course name | ECTS | Period |
|---|---|---|---|
| 31A00110 ECON-C9000 |
Taloustieteen perusteet or Principles of Economics |
6 6 |
II IV |
| ECON-C2110 | Intermediate Microeconomics I | 5 | I |
| ECON-C3110 | Intermediate Macroeconomics I | 5 | III |
Choose at least 10 ECTS of the following courses |
|||
| ECON-C2210 | Intermediate Microeconomics II | 5 | II |
| ECON-C3210 | Intermediate Macroeconomics II | 5 | IV |
| ECON-C4110 | Econometrics I | 5 | III |
| ECON-C4210 | Econometrics II | 5 | IV |
| ECON-C5100 | Digital Markets | 6 | I |
| ECON-C1300 | Environmental Economics and Policy | 6 | IV |
| ECON-C1100 | Mathematics for Economists 1 | 6 | ±õ–I±õ |
| 31C00800 | Personnel Economics | 6 | 24-25: V 25-26: II |
| 31C00900 | Raha- ja pankkiteoria | 6 | V |
| ECON-CV001 | Talouspolitiikka Suomessa ja euroalueella 2 | 5 | 24-25: IV 25-26: no teaching |
| SPT-E4050 | Transport Economics | 5 | III |
| 31C02100 | Urban Economics | 6 | III |
| ECON-C5000 | Game Theory | 6 | III |
1 Recommended for students who are planning to continue studies in the Master's programme in Economics. Replaces the course Taloustieteen matemaattiset menetelmät (31C01100).
2 The course is organized together with University of Helsinki.
Basic information
Code: BIZ31200
Extent: 20–26 ECTS
Language of instruction: English Finnish
Level: Bachelor
Target group: All Aalto students
Theme: Global business dynamics
Teacher in charge: Matti Sarvimäki
Administrative contact: Elina Yrjänäinen
Organising department: Department of Economics
Prerequisites: You should pay attention to the course-specific prerequisites and make sure you meet them in order to succeed in the courses.
Quotas and restrictions: Many courses have limited number of seats and students are selected according to the order of priority confirmed in the course description.
Application process: All Aalto students can choose this minor.
Content and structure of the minor
A minor in economics provides a basic understanding of fundamental economic theories and institutions, as well as an ability to apply the knowledge in practical settings. The study module develops both analytical thinking and academic insights and it qualifies students to understand the connection between micro- and macroeconomic questions.
Structure of studies 20-26
If the mandatory course 31A00110 Taloustieteen perusteet is a compulsory part of your degree and is settled in e.g. the module Liiketoimintaosaamisen perusteet, the minimum extent for the minor is 20 ECTS credits. In other cases, the minimum is 26 ECTS credits.
Compulsory courses 16 credits
| Code | Course name | ECTS credits | Period |
|---|---|---|---|
or |
or |
6 cr 6 cr |
II IV |
| 5 cr | I | ||
| 5 cr | III |
Elective courses
Choose at least 10 credits from the following:
| Code | Course name | ECTS credits | Period |
|---|---|---|---|
| 5 cr | II | ||
| 5 cr | IV | ||
| 5 cr | III | ||
| 5 cr | IV | ||
| 6 cr | I | ||
| 6 cr | V | ||
| 1) | 6 cr | I - II | |
| 6 cr | V | ||
| 6 cr | V | ||
| 2) | 5 cr | IV | |
| 5 cr | III | ||
| 6 cr | III | ||
| 6 cr | not lectured 22-24 | ||
| 6 cr | not lectured 22-24 |
1) Recommended for students who are planning to continue studies in the Master's programme in Economics. Replaces the course Taloustieteen matemaattiset menetelmät (31C01100).
2) The course is organized together with University of Helsinki.
Basic information
Code: BIZ31200
Extent: 18-24 ECTS
Language: English and Finnish / Suomi (osa kursseista englanniksi)
Organizing department: School of Business, Department of Economics
Teachers in charge: Marko Terviö
Administrative contact: Elina Yrjänäinen
Target group: All Aalto students
Application procedure: All Aalto students can choose this minor. However, many courses have limited number of seats and students are selected according to the order of priority confirmed in the course description. You should pay attention to the course-specific prerequisites and make sure you meet them in order to succeed in the courses.
Content and structure of the minor
A minor in economics provides a basic understanding of fundamental economic theories and institutions, as well as an ability to apply the knowledge in practical settings. The study module develops both analytical thinking and academic insights and it qualifies students to understand the connection between micro- and macroeconomic questions.
Structure of studies 18-24 cr
If the mandatory course in the minor is a compulsory part of your degree and is settled in e.g. the module Liiketoimintaosaamisen perusteet, the minimum extent for the minor is 18 ECTS credits. In other cases, the minimum is 24 ECTS credits, including the course Taloustieteen perusteet or ECON-A2100 Principles of Economics I.
Choose 18-24 cr from the following:
It is strongly recommended to include either 31A00110 Taloustieteen perusteet or ECON-A2100 Principles of Economics I if the student has not done a similar course before.
| Code | Course name |
ECTS credits |
Period | Course open for all Aalto degree students? |
|---|---|---|---|---|
| 6 cr | I | Yes | ||
| *) | 6 cr | I | ****) | |
| 6 cr | II | ****) | ||
| 6 cr | III | ****) | ||
| 6 cr | IV | ****) | ||
| 6 cr | V | ****) | ||
| 6 cr | I | Yes | ||
| 6 cr | II | Yes | ||
| 6 cr | III | Yes | ||
| 6 cr | IV | Yes | ||
| ***) | 6 cr | III | No, only for BIZ students |
|
| 6 cr | IV | Yes | ||
| 6 cr | III | Yes | ||
| 6 cr | **) | Yes | ||
| 6 cr | not lectured 20-21, V period 21-22 |
Yes | ||
| 6 cr | V | Yes | ||
| 6 cr | **) | Yes | ||
| 6 cr | I-II | Yes | ||
| 6 cr | V | Yes | ||
| 6 cr | II | Yes | ||
| 6 cr | III | Yes | ||
| 6 cr | **) | Yes |
*) The course is intended for non-Finnish speakers
**) Not lectured 2020-2021 or 2021-2022
***) Recommended for students who are planning to continue studies in the Master's programme in Economics
****) A maximum of 65 students can be accepted to the course. Priority is given to:
1. Students in BSc programme in Economics (quota 45 students)
2. Students in BSc programme in Science and Technology and Students in BSc programme in Design (quota 5 students)
3. Other Aalto students (quota 15 students)
In each quota students are selected in the order of enrollment. If a given quota is not filled, more students from other quotas can be accepted to the course.