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ECON1410 - International economics

Course content

The aims of the course are

• to give students a solid grasp of international economics at the introductory level using mainly graphical but also algebraic techniques.
• to ensure that students can use both partial and general equilibrium techniques to understand a range of economic issues in international trade.

Learning outcomes

By the end of the course the students should:

• Know key facts relating to international trade
• Understand the concept of comparative advantage and know its determinants.
• Understand the working and applications of the Ricardian and Heckscher-Ohlin models of international trade as well as the models of new trade theory.
• Understand the concept of gains from trade
• Be able to evaluate to effects of international trade and of international trade policies on economic welfare and domestic goods and factor markets.
• Be able to understand the effect of biased economic growth on specialization, trade and national welfare
• Understand the rational for trade restrictions.
• Understand the distributional effects of trade and changes in trade regimes.
• Understand the role of WTOs role in the world economy
• Understand the role of foreign direct investment and multinational companies in the world economy

Admission

Students at UiO must apply for courses in StudentWeb.

International applicants, if you are not already enrolled as a student at UiO, please see our information about admission requirements and procedures for international applicants.

The examination in this course is not available for external candidates. Only students admitted to the course may sit for the examination.

Prerequisites

No obligatory prerequisites beyond the minimum requirements for entrance to higher education in Norway.

Teaching

Lectures: 2 hours per week throughout the semester.

Seminars: 2 hours per week through parts of the semester.

There might occur weeks exempt from teaching (where students are expected to do compulsory term paper).

One compulsory term paper.

If the compulsory term paper are not approved, students will have a new attempt by handing in a new paper. A student who still not succeed, will not be permitted to take the exam in this course.

Exam information

A 3-hour written school exam. Students are not allowed to present themselves to the written school exam if the compulsory term papers are not approved.

When the compulsory term paper is approved, the result will be registered. Students can retake the written exam later without handing in compulsory term paper again.

Assessment and grading

Course grades are awarded on a descending scale using alphabetic grades from A to E for passes and F for fail. Read more about the grading system .

An external auditor regularly evaluates the academic quality of the course, including the form of exam used on the course.

Explanations and appeals

Students can request an explanation of their grades, and can also appeal against their grades or make a complaint about formal examination errors. Read more about explanations and appeals

Possibility of make-up exams and re-takes

You can usually resit an exam, but the conditions depend on whether you had a valid reason for absence from the regular exam. Read more about resitting an exam .

Withdrawing from exams and limits on re-takes

A student can sit for this exam up to 3 times. If a student wishes to withdraw from the exam, s/he must do this in StudentWeb at least two weeks prior to the first day of the exam. Failure to do so will be counted as one of the three opportunities to sit for the exam.

Exam options for students with special needs

Students may apply for access to alternative exam resources or exam forms on the basis of chronic illness and/or special needs that create a marked disadvantage to other students in the exam situation. Mothers who are breastfeeding may apply for extra time to complete the exam.

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