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Markets and economic interactions are everywhere. Economic analysis plays a crucial role when designing electricity markets, trying to mitigate climate change, planning cities, and creating online platforms. Beyond the analysis of markets, economists have played a key role in engineering new markets and institutions. 

A minor in game theory, decisions, and markets provides students with an understanding of game theory and its applications. Students will not only learn to apply these tools to the analysis of existing markets but also begin to think about how to design new markets and institutions. This study module introduces students to the key components of economic and game theoretic reasoning, including thinking about marginals, carefully considering incentives, and equilibrium analysis. In addition, it develops students' ability to apply these skills to the analysis and design of specific economic markets and settings.

Basic information

Code: BIZ31220

Extent: 21–30 ECTS

Curriculum: 2024–2026

Level: Intermediate studies

Language of learning: English

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

Markets and economic interactions are everywhere. Economic analysis plays a crucial role when designing electricity markets, trying to mitigate climate change, planning cities, and creating online platforms. Beyond the analysis of markets, economists have played a key role in engineering new markets and institutions. 

A minor in game theory, decisions, and markets provides students with an understanding of game theory and its applications. Students will not only learn to apply these tools to the analysis of existing markets but also begin to think about how to design new markets and institutions. This study module introduces students to the key components of economic and game theoretic reasoning, including thinking about marginals, carefully considering incentives, and equilibrium analysis. In addition, it develops students' ability to apply these skills to the analysis and design of specific economic markets and settings.

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 21 ECTS credits. In other cases, the minimum is 22 ECTS credits.