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Course content

In this course we use general equilibrium models to study international trade, industrial structures, and structural change. The models are used to discuss and analyze the role of comparative advantage, trade and productivity differences for industrial structures, resource allocation, and welfare.

The course also provides a thorough introduction to game theory which we use to analyze competition in markets with imperfect competition and strategic behavior between firms. We analyze the impact of trade in markets with imperfect competition and how the gains from trade depend on market structures.

Learning outcome

Knowledge:

• Knowledge about how to analyze problems in a general equilibrium framework.
• Knowledge about comparative advantage, the pattern of trade, industrial structures, and resource allocation.
• Knowledge about concepts and insights of game theory and imperfect competition.

Skills:

• Can apply general equilibrium models to analyze questions involving industry structure and international competition.
• Can utilize game-theoretic tools strategic behavior between firms and market structures.

Competence:

• You can 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 to the course

Students ̽»¨¾«Ñ¡ must in Studentweb.

If you are not already enrolled as a student ̽»¨¾«Ñ¡, please see our information about .

You can not attend this course if you have already passed specific .

Students attending the Bachelor's programme in Mathematics: finance, insurance and economics with the field of study Mathematics and Economics may be given priority in admission to this course if they apply for admission to the course in the first round of admission in June.

Recommended previous knowledge

• The course is based on prior knowledge in microeconomics, macroeconomics and mathematics corresponding to ECON2220 – Mikroøkonomi 2, ECON1310 – Makroøkonomi 1 and ECON1100 – Matematikk I. Students who do not have this prior knowledge, are advised not to take this course.

Overlapping courses

• 5 credits overlap with ECON2915 – Economic Growth (discontinued).
• 5 credits overlap with ECON2915P.
• 5 credits overlap with ECON3610 – ³§²¹³¾´Ú³Ü²Ô²Ô²õø°ì´Ç²Ô´Ç³¾¾±sk lønnsomhet og økonomisk politikk (discontinued).
• 5 credits overlap with ECON4610 – ³§²¹³¾´Ú³Ü²Ô²Ô²õø°ì´Ç²Ô´Ç³¾¾±sk lønnsomhet og økonomisk politikk (discontinued).

Teaching

Lectures and seminars.

Compulsory tuition activities:

• A compulsory assignment.

The assignment deadline will be specified in Canvas. If you submit your answer to the assignment, but do not pass, you may get another attempt. The new attempt will have a short deadline.

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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.

Course responsible can at the beginning of the semester update the syllabus list by changing no more than three articles, though in a way that it will not change the overall scope or thematic content of the course.

The syllabus also includes any lecture notes that will be made available for the students in Canvas.

Examination

The examination will be a 3-hour written school exam.

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

Examination support material

Usage of a dictionary during the examination is allowed, subject to prior inspection by SV-info. See guidelines for further details.

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 .

Resit an examination

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

There are restrictions on resitting this exam. See further information about .

More about examinations ̽»¨¾«Ñ¡

• Use of sources and citations
• Special exam arrangements due to individual needs
• Withdrawal from an exam
• Illness at exams / postponed exams
• Explanation of grades and appeals
• Resitting an exam
• Cheating/attempted cheating

You will find further guides and resources at the web page on examinations ̽»¨¾«Ñ¡.