SØK xx21 Economics II
SØK xx21 Economics II
Course code:
SØK xx21
Department:
Economics
Credits:
7.5
Course name in Norwegian:
Samfunnsøkonomi II
Product category:
Bachelor
Portfolio:
Bachelor - Common Courses
Semester:
2024 Autumn
Active status:
Planned
Level of study:
Bachelor
Teaching language:
Norwegian
Course type:
One semester
Learning outcomes - Knowledge
After completing the course the candidates will have acquired broad knowledge of central themes, empirical patterns and trends, theories, problems, and methods within the field of economics, including:
- How economic agents (individuals, households, and firms) make their choices when resources are scarce
- Game theory, social interaction, and information economics
- Banks and credit markets
- Monetary policy and inflation targeting
- Fiscal policy and the petroleum fund
- International economics
- Economic growth and inequality
- Information and the networked economy
Learning outcomes - Skills
The candidates should be able to:
- Define and explain key economic terms, variables, and concepts
- Explain and illustrate the outcome of simple strategic situations
- Explain the relationship between important macroeconomic variables
- Explain and illustrate the trade-off faced by central banks
- Explain the fiscal policy rule and the implication of the petroleum fund
- Explain and illustrate the key mechanisms for international trade
- Identify relevant economic mechanisms to understand economic growth and economic inequality
- Explain and illustrate the trade-offs faced by policy makers when designing policies for innovations and the networked economy
General Competence
The candidate:
- is able to reflect upon fairness, ethics, sustainability, and social responsibility
- understands that economics is the study of how people and firms do economic decisions
- displays the ability to critically assess and discuss economic information and theoretical concepts and insights (including their core assumptions and key implications)
- understands that economic outcomes generally depend on a combination of resource endowments, individual preferences, technology, and cultural and institutional context
- has the ability to independently extract information and produce and communicate simple economic analyses and assessments
Course content
Tentative list of topics (with references to the proposed curriculum in parentheses):
- Scarcity and choice: households, firms and equilibrium (CORE 3, 7 and 8 + matte)
- Social interaction (CORE 4)
- Property and power: Mutual gains and conflict (Core 5)
- The firm: Owners, managers, and employees (CORE 6)
- Banks, money and the credit market (Core 10)
- Rent-seeking, price-setting, and market dynamics (Core 11)
- Monetary policy and inflation targeting (S&R)
- Fiscal policy and the oil fund, two-sector model (?)
- The nation and the world economy (Core 18-Capstone)
- Economic growth and growth accounting (Weil?)
- Economic inequality (Core 19-Capstone)
- Innovation, information, and the networked economy (Core 21-Capstone)
Teaching and learning activities
The core activity will be regular lectures, but with considerable additional elements of:
- Online material from CORE
- Online material, BI-produced, tailored to the context of Norway and BI
- Student assistant-led tutoring of problem sets
- Student assistant-led workshops with information extraction and simple descriptive analysis using Excel
Software tools
Software defined under the section "Teaching and learning activities".
Qualifications
Required prerequisite knowledge
SØK 3420 Samfunnsøkonomi I or equivalent
Assessments
| Assessments |
|---|
Exam category: Submission Form of assessment: Written submission Invigilation Weight: 100 Grouping: Individual Support materials:
Duration: 3 Hour(s) Grading scale: ECTS Resit: Examination every semester |
Type of Assessment:
Ordinary examination
Total weight:
100
Sum workload:
0
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.
[Potentially with some share of elective elements/assignments that may be tailored to specific student groups (i.e., some level of differentiation across programs and contexts)]