Social economics 1
Market theory
The aims of the training are to enable the apprentice to- 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
The aims of the training are to enable the apprentice to- 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
The aims of the training are to enable the apprentice to- 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
The aims of the training are to enable the apprentice to- 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
The aims of the training are to enable the apprentice to- 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
The aims of the training are to enable the apprentice to- 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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