Schedule, syllabus and examination date

Course content

The first part of the course will begin with general equilibrium analysis: how demand and supply conditions interact in several markets to determine the prices of many goods. We will analyze situations where markets fail, such as when an economic situation involves a consumption or production externality.

The last part of the course will apply general equilibrium analysis to the question of economic openness. We explore three main questions.

  • How does openness and globalization impact a country’s income?
  • What are the channels through which openness affects income?
  • Who are the potential winners and losers from economic openness?

Learning outcome


  • You learn how to analyze problems in a general equilibrium framework, including problems with market failures.
  • You learn how economic openness affects the allocation of resources in the economy.


  • You should be able to apply general equilibrium models to analyze questions involving industry structure, market failures and economic openness.


You should be able to

  • read and understand project reports and journal articles that make use of the concepts and methods that are introduced in the course.
  • make use of the course content in your own professional and academic work.


Students at UiO must apply for courses in Studentweb.

If you are not already enrolled as a student at UiO, please see our information about admission requirements and procedures.

You can not attend this course if you have already passed specific ECON-courses at a higher level.


Recommended previous knowledge


Lectures and seminars.

Compulsory tuition activities:

  • A compulsory assignment

If you have submitted your compulsory assignment and not gotten it approved, you may be given a new attempt. The new attempt will have a short deadline.

See The Faculty of Social Sciences' rules regarding change of seminar groups and compulsory tuition activities.

Absence from compulsory tuition activities

If you are ill or have another valid reason for being absent from compulsory tuition activities, your absence may be approved or the compulsory activity may be postponed.

Access to teaching

If your assignment is approved, this will be registered by the administration. You don’t have to resubmit the assignment if you wish to retake an exam.


A 3-hour written school exam.

The compulsory assignment must be approved in order to sit for the exam.

Exam papers with comments from examiner

Digital examination

The written examination is conducted in the digital examination system Inspera. You will need to familiarize yourself with the digital examination arrangements in Inspera.

Read more about written examinations using Inspera.

Examination support material

Students may use dictionaries at this exam. Dictionaries must be handed in before the examination. Please read regulations for dictionaries permitted at the examination.

Language of examination

The examination text is given in English.You may submit your response in Norwegian, Swedish, Danish or English.

Grading scale

Grades are awarded on a scale from A to F, where A is the best grade and F is a fail. Read more about the grading system.

Explanations and appeals

Resit an examination

If you are sick or have another valid reason for not attending the regular exam, we offer a postponed exam later in the same semester.

See also our information about resitting an exam.

Withdrawal from an examination

It is possible to take the exam up to 3 times. If you withdraw from the exam after the deadline or during the exam, this will be counted as an examination attempt.

Special examination arrangements

Application form, deadline and requirements for special examination arrangements.


The course is subject to continuous evaluation. At regular intervals we also ask students to participate in a more comprehensive evaluation.

Facts about this course

Every autumn
Every autumn
Teaching language