Course description for 2021/22
Applied Economics
ECO2001
Course description for 2021/22
Applied Economics
ECO2001
In Norway there is a well-developed Public sector which has major impoact on the behavior of both businesses and households. The purpose of this course is to apply economic theory to discuss the interaction between public and private sectors. How are corporate and household behavior related to taxation and government regulations? Is it from an economic point of view reasonable to tax and regulate the private sector? What tasks are economically reasonable and effective for the public sector to perform?
Knowledge The candidate should:
- get an introduction to the main responsibilities of the public sector
- understand how taxes and government market intervention affects the distribution of resources in society
- know how the government can, and should, handle situations of market failure from a welfare economic perspective
- know how public decisions are made and what decisions the government should make from a welfare economic perspective
Skills The candidate should:
- have the ability to apply economic theory to explain how the public sector can correct/solve problems in the markets
- be able to explain how externalities like environmental problems can be solved by use of financial instruments such as taxes, levies or quotas
- be able to explain why and how to conduct benefit-cost analyzes
General competence The candidate should:
- be able to convey key subject matter as theories, issues and solutions both in writing, orally and through other relevant forms of expression
- be able to make appropriate decisions on the basis of a socio-economic point of view based on relevant theory
- exchange views and experiences with others with backgrounds in public finance and thereby contribute to the development of good practice
No costs except semester registration fee and syllabus literature.
Compulsory
Lectures, problem solving, exam seminar.
The study programme is evaluated annually by students by way of course evaluation studies (mid-term evaluation and final evaluation). These evaluations are included in the universitys quality assurance system.
Overlap refers to a similarity between courses with the same content. Therefore, you will receive the following reduction in credits if you have taken the courses listed below:
EK232E - Public Economy - 7.5 credits
ØKO271 - Public Economics - 7.5 credits