EPN-V2

ØASØK3000 International Economics Course description

Course name in Norwegian
International Economics
Weight
7.5 ECTS
Year of study
2018/2019
Course history
Curriculum
FALL 2018
Schedule
Programme description

  • Introduction

    In addition to the instructor, an internal or external examiner will be used for the exam. The exam questions will be approved by an external examiner.

  • Recommended preliminary courses

    It is assumed that students have completed introductory courses in Microeconomics and Macroeconomics.

  • Required preliminary courses

    It is an advantage, but not obligatory, that the students have taken a course in Professional English at Oslo Business School.

    The course in Cross-Cultural Communication deals with some issues that are relevant for the course in Negotiations.

  • Learning outcomes

    Knowledge

    The student

    • can describe the development of trade theory over time, from Smith/Ricardo, via Heckscher-Ohlin to modern trade theory based on imperfect competition
    • knows how international trade affects economic growth and resource allocation domestically and internationally
    • knows how international trade affects distribution of income
    • knows which instruments are used in international trade policy and how these affect welfare
    • is familiar with relevant models of economic integration
    • is familiar with theories of exchange rate determination
    • is familiar with stabilization policies in open economies under various exchange rate regimes

    Skills

    The student

    • can show welfare effects of international trade graphically
    • can use algebra to derive changes in distribution of income following international trade
    • can show the effects of trade policy instruments graphically
    • can use models to describe effects of stabilization policies

    Competence

    The student

    • can reflect critically about current topics in international economic relations

  • Teaching and learning methods

    About 50 hours of teaching and exercises.

  • Course requirements

    No course requirements.

  • Assessment

    Individual written 4-hour exam will be held at the end of the semester.

  • Permitted exam materials and equipment

    A list of reference aids allowed will be published on our website.

  • Grading scale

    Letter grading A-F.

  • Examiners

    In addition to the instructor, an external examiner will grade the exam.

  • Course contact person

    Ivar Bredesen