Data on the course

Show instruction and examinations
ECOM-438 Search Theory, 5 cr 
Code ECOM-438  Validity 01.01.2017 -
Name Search Theory  Abbreviation Search Theory 
Scope5 cr   
TypeAdvanced studies
  GradingGeneral scale 
    Can be taken more than onceno
Unit Master's Programme in Economics 

Klaus Kultti 

Target group 

Master’s Programme in Economics. Open to other students as well.


The second year after completing Microeconomics 1 and 2, and Macroeconomics 1 and 2

Learning outcomes 

After the course, the student should

  • Be able to solve and construct one person optimal search problems 
  • Understand dynamic models of search and directed search in areas of labour economics and monetary economics, and understand how the set-up can be used to address questions ranging from marriage markets to the choice of trading mechanisms 
  • Doctoral students should be able to actively do all the above.
Completion methods 

The course consists of lectures (24–30 hours) and homework. The course is quite technical, but the atmosphere is relaxed if not outright informal. There is a written final exam or a home exam or homework or a combination of these depending on the number of participants.


Microeconomics 1 and 2, Macroeconomics 1 and 2

Recommended optional studies 

Knowledge of analysis and probability theory is certainly an advantage.


The course covers technical requirements, one-person optimal search theory, general equilibrium type search theory, directed search theory and applications to labour markets, monetary theory, and the problem of trading mechanisms.

Study materials and literature 

Given in the course

Activities and teaching methods in support of learning 

All material related to the course is delivered through Moodle. It also contains a discussion forum where students can discuss issues related to the course with each other and the teacher.

Assessment practices and criteria 

The course is graded on a scale from 0 (fail) to 5


Current and future instruction
Functions Name Type cr Teacher Schedule
Registration Search Theory  Lecture Course  Klaus Kultti  15.03.21 -01.06.21

Future examinations
No examinations in WebOodi