ELE 3782 Economics II
ELE 3782 Economics II
The main prupose is to give students insight into how key economic questions can be studied using theory.¨
Key topics are (i) Market failure and issues related to environmental externalities; (ii) Public sector’s role; (iii) Effects of international trade; (iv) The Oil sectors’ effect on industry composition; and (v) Economic growth and inequality.
After taking this course the students should:
- Have knowledge of how an unregulated economy can give rise to inefficient resource allocation through externalities and limited information.
- Know what efforts that may be implemented to improve the resource allocation in such economies.
- Have knowledge about why we have a public sector and its effect on the economy
- Attain an understanding of the benefits of international trade
- Attain knowledge of how economic gains from natural resources can affect the composition of industry
- Understand key drivers of economic growth and income inequality
After taking this course students should be able to:
- - Analyze economic issues using both textual, graphical and mathematical argumentation.
- - Account for situations with inefficient resource allocation and discussion government interventions to improve it
- - Account for the role of the public sector
- - Understand how trade between countries can be beneficial
- - Understand how natural resource revenue affects Norwegian politics on oil
- - Understand the drivers of economic growth and inequality.
The students will develop their toolbox for economic analysis by studying key economic questions. They will also attain an awareness of fundamental welfare issues relevant in today’s society.
- Externalities
- Imperfect information
- Environmental economics
- Tax and subsidy
- Public sector
- Welfare effects of international trade
- Effects of tolls
- Comparative advantage
- Effects of spending out of natural resource revenue
- Growth and standards of living
- Economic inequality
The course is conducted with a combination of lectures and assignment review in plenary.
Higher Education Entrance Qualification
Disclaimer
Deviations in teaching and exams may occur if external conditions or unforeseen events call for this.
SØK 3442 Samfunnsøkonomi
| Assessments |
|---|
Exam category: Submission Form of assessment: Written submission Invigilation Weight: 100 Grouping: Individual Support materials:
Duration: 3 Hour(s) Exam code: ELE 37821 Grading scale: ECTS Resit: Examination every semester |
| Activity | Duration | Comment |
|---|---|---|
Teaching | 36 Hour(s) | |
Feedback activities and counselling | 6 Hour(s) | |
Student's own work with learning resources | 128 Hour(s) | |
Group work / Assignments | 27 Hour(s) | |
Examination | 3 Hour(s) |
A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 7,5 ECTS credit corresponds to a workload of at least 200 hours.