The main prupose is to give students insight into how key economic questions can be studied using theory.¨

Key topics are (i) Market failure and issues related to environmental externalities; (ii) Public sector’s role; (iii) Effects of international trade; (iv) The Oil sectors’ effect on industry composition; and (v) Economic growth and inequality.

Course content

  • Externalities
  • Imperfect information
  • Environmental economics
  • Tax and subsidy
  • Public sector
  • Welfare effects of international trade
  • Effects of tolls
  • Comparative advantage
  • Effects of spending out of natural resource revenue
  • Growth and standards of living
  • Economic inequality


This is an excerpt from the complete course description for the course. If you are an active student at BI, you can find the complete course descriptions with information on eg. learning goals, learning process, curriculum and exam at portal.bi.no. We reserve the right to make changes to this description.