SOCIAL ECONOMICS – PROGRAMME SUBJECT IN PROGRAMMES FOR SPECIALIZATION IN GENERAL STUDIES (SOK1-01)
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Social economics 1
Market theory
- describe the main characteristics of social economic development
- give an account of conditions that explain demand for consumer goods and consumer services
- give an account of what influences the supply of a product or a service
- give an account of price formation of a product or a service sold in a market with perfect competition
- discuss market opportunities and limitations
National accounts and economic growth
- summarize the most important concepts in national accounts, and explain the relationship between them
- elaborate on and discuss whether gross national product is a suitable goal for a country's production and welfare
- give an account of division of labour between the public and the private sector
- give an account of the main characteristics in the structure of industry in Norway, and discuss what oil and gas mean to the Norwegian economy
- give an account of economic growth in Norway and other industrialized nations, and explain the sources of this growth
The labour market and unemployment
- explain how salaries are established, and why wage disparities arise
- explain how employment and unemployment are measured
- give an account of why unemployment and employment vary between countries and over time
- elaborate on and discuss the possible causes of the disparities in unemployment and employment within and across countries
- give an account of public and governmental measures that stimulate employment and counteract unemployment
Price inflation and monetary policy
- give an account of the causes of rises in prices, and how rising prices are measured
- give an account of the purpose of monetary policy, and how this works
- explain the significance of financial markets for social economics
Distribution of income and environmental problems
- give an account of how income is distributed in Norway
- their how means used by authorities can and should be used for distribution of income
- give an account of differences in incomes and economic growth between different countries
- discuss what can be done to achieve growth in poorer countries
- explain the indirect effects of production and consumption
- give an account of the different means used to counteract environmental problems
International economics
- give an account of the cause and effect of international division of labour and commerce
- explain what is meant by fixed and fluctuating rate of exchange
- give an account of the affects of changes in the rate of exchange for one country
- give an account of the concept competitiveness, and their factors that influence this
- their opportunities and challenges of increased international trade
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