Course code ECN230

ECN230 International Economics

Norsk emneinformasjon

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Showing course contents for the educational year starting in 2019 .

Course responsible: Roberto Javier Garcia
ECTS credits: 10
Department: School of Economics and Business
Teaching language: EN
(NO=norsk, EN=Engelsk)
Limits of class size:
There is no limit to enrollment.
Teaching exam periods:
This course starts in Autumn parallel. This course has teaching/evaluation in Autumn parallel.
Course frequency: Annually
First time: 2011V
Preferential right:
-
Course contents:

This course is designed to bridge international economic theory and applied economics, providing a review of issues in development, policy, trade, and welfare. The student is expected to develop: an understanding of why nations trade and under which conditions trade occurs; knowledge of the role of supply and demand factors in determining gains from trade; the ability to evaluate te welfare effects of protection trade policies, free trade, managed trade, and the economic implications of other forms of government intervention to foster development; and a conceptual framework for evaluating international competitiveness, comparative advantage, and foreign investment and strategic trade behavior.

Trade policy is analyzed from the perspective of different countries, relying on different economic sectors: agriculture, industry and services.

Full description of course, lecture plan, course materials, exercises, and past exams are available at the following website:

http://arken.nmbu.no/~robega/ECN230/

Learning outcome:
The student is expected to develop: an understanding of why nations trade and under which conditions trade occurs; knowledge of the role of supply and demand factors in determining the gains from trade; the ability to evaluate the welfare effects of protectionist trade policies, free trade, managed trade, and the economic implications of other forms of government intervention to foster development; and a conceptual framework for evaluating international competitiveness, comparative advantage, and foreign investment and strategic behaviour.
Learning activities:
Students are expected to read the sections in the text prior to attending lectures. There are four problem sets that will be related to the class notes and readings. Students are expected to complete these assignments during exercise sessions on the dates assigned by the instructor. These assignments are intended to monitor the progress of the class in its understanding of the material. These assignments require a passing grade and students can work in Groups formed by the instructor. The student can choose to work independently and submit the assignment directly to the instructor.
Teaching support:
The instructor is available during exercise sessions and maintains office hours during which a student can seek consultations with the instructor.
Syllabus:

Appleyard and Field (A+F). International Economics (International Edition). Supplementary reading materials provided on the web at:

http://arken.nmbu.no/~robega/ECN230/

Prerequisites:
Basic knowledge in macro- and microeconomics ECN120 Introduction to Macroeconomics, part I and ECN210 Intermediate Microeconomics- Consumers, Producers, Market and Welfare. The course is intensive in basic microeconomic principles.
Recommended prerequisites:
Good background in basic microeconomics, background in macroeconomics is less important.
Mandatory activity:
There are 4 problems sets. These will be group exercises on problem sets that must be submitted and a passing grade received. Problem sets are valid until the next time the course is offered and for re-examination. The course plan includes four assignment sessions during which students can work on the assignments and consult with a teaching assistant and/or the instructor.
Assessment:

Written examination, 3 hours (100%). The exam must be answered in English.

Nominal workload:
300 hours
Entrance requirements:
Minimum requirements for entrance to higher education in Norway (generell studiekompetanse).
Reduction of credits:
-
Type of course:
There are 20 2-hour lectures sessions with 4 lecture hours per week. There will also be 4 2-hour exercise sessions scheduled with a teaching assistant who will help with the problem sets.
Note:

The course is in English. Incoming students can contact student advisors at the School of Economics and Business (studieveileder-hh@nmbu.no) for admission to the course. 

The course is divided into two parts: (1) trade modelling under partial and general equilibrium and (2) trade policy analysis, trade and strategic behavior by government/firm, and international factor movements (capital and labor). Course description, lecture plan, detailed course outline and course materials (web-based readings, homework assignments and handouts).

Examiner:
External examiner will control the quality of syllabus, questions for the final examination, and principles for the assessment of the examination answers.
Allowed examination aids: A2 No calculator, other aids as specified
Examination details: One written exam: A - E / Ikke bestått