Schedule, syllabus and examination date

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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

Knowledge

  • 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.

Skills

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

Competence

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.

Admission

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.

Prerequisites

Recommended previous knowledge

Teaching

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.

Examination

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

It is recommended to request an explanation of your grade before you decide to appeal.

Appeal

Explanation

The deadline to request an explanation is one week after the grade is published. For oral and practical examinations, the deadline is immediately after you have received your grade.

The explanation should normally be given within two weeks after you have asked for it. The examiner decides whether the explanation is to be given in writing or verbally.

Ask for explanation of your grade in this course

Ask for explanation of your grade in this course (postponed exam)

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.

Evaluation

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

Credits

10

Level

Bachelor

Teaching

Every autumn

Examination

Every autumn

Teaching language

English

Contact

SV-info