ELE 3782 Economics II

ELE 3782 Economics II

Course code: 
ELE 3782
Department: 
Economics
Credits: 
7.5
Course coordinator: 
Lars Christian Bruno
Course name in Norwegian: 
Samfunnsøkonomi II
Product category: 
Bachelor
Portfolio: 
Bachelor - Electives
Semester: 
2023 Autumn
Active status: 
Active
Level of study: 
Bachelor
Teaching language: 
Norwegian
Course type: 
One semester
Introduction

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.

Learning outcomes - Knowledge

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
Learning outcomes - Skills

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.
General Competence

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.

Course content
  • 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
Teaching and learning activities

The course is conducted with a combination of lectures via videoes and assignment review in plenary.

Software tools
No specified computer-based tools are required.
Qualifications

Higher Education Entrance Qualification

Disclaimer

Deviations in teaching and exams may occur if external conditions or unforeseen events call for this.

Required prerequisite knowledge

SØK 3442 Samfunnsøkonomi

Exam categoryWeightInvigilationDurationSupport materialsGroupingComment exam
Exam category:
Submission
Form of assessment:
Written submission
Exam code:
ELE 37821
Grading scale:
ECTS
Grading rules:
Internal examiner
Resit:
Examination every semester
100Yes3 Hour(s)
  • BI-approved exam calculator
Individual
Exams:
Exam category:Submission
Form of assessment:Written submission
Weight:100
Invigilation:Yes
Grouping (size):Individual
Support materials:
  • BI-approved exam calculator
Duration:3 Hour(s)
Comment:
Exam code:ELE 37821
Grading scale:ECTS
Resit:Examination every semester
Type of Assessment: 
Ordinary examination
Total weight: 
100
Student workload
ActivityDurationComment
Teaching
36 Hour(s)
The teaching is delivered as videos
Feedback activities and counselling
6 Hour(s)
Plenary assignment review
Student's own work with learning resources
128 Hour(s)
Group work / Assignments
27 Hour(s)
Examination
3 Hour(s)
Sum workload: 
200

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.