Norwegian Economic History after 1800

SAM13 Norwegian Economic History after 1800

Autumn 2022

  • Topics

    The course gives the students understanding and the ability to analytically explain how and why Norway has developed to become one of the richest countries in the world during the last 200 years.

    The course covers three major time periods:

    1. Norwegian Economic History 1800-1914

    2. Norwegian Economic History 1914-1945

    3. Norwegian Economic History from 1945 onwards

    The first part concentrates on the global economic consequences of the establishment of Norway as a national state. Emphasis is put on sovereign economic policy, industrial policy, financial institutions and infrastructure. It examines industrial development, international trade, liberalism and Norway's place in the international economy. The transition from a static to a dynamic economy is examined in light of continuous productive growth and economic growth.

    The second part puts emphasis on the boom-bust economy from 1914 to 1945. Norway's place in the international economy, economic policy, and the reconstruction and fall of the international gold standard will be highlighted in order to understand developments in the product and labour markets.

    In the third part, the importance of planned economy, and later, its modification and the introduction of neo-liberalism and a global economy will be examined. Additionally, the transition into a petroleum-based economy will be highlighted, along with the green transformation and shifts in economic policy.

  • Learning outcome

    The course provides students with understanding and analytical abilities in order to explain analytically how and why Norway has become one of the wealthiest countries in the world during the last 200 years.

    Knowledge

    Providing knowledge of:

    1. Theories on long term economic growth
    2. Theories on business cycles
    3. Short term and long term trends in economic development
    4. Empirics on the standard of living development
    5. Foreign trade development and relations
    6. Industrial development and relations
    7. Labour market development and relations
    8. Development and relations in economic policy
    9. Structural development and relations in the economy
    10. Institutional framework in economic development

    Skills

    Abilities to:

    1. Discuss reasond for economic growth and development
    2. Discuss reasons for business cycles
    3. Discuss reasons for changes in the Norwegian economy from 1800 until present times
    4. Develope analytical skills in order to analyze the Norwegian economic development during the last 200 years.
    5. Conduct independent analysis of economic-historical changes and their reasons and consequences

    Competence

    Giving competence in order to:

    1. Communicate economic history to and with specialists and non-specialists
    2. Be able to apply their knowledge on newer or different problems in relation to the Norwegian economy.
    3. Contribute to independent reasoning and analysis within topics related to economic development and growth

  • Teaching

    Lectures, compulsory term paper and term paper seminar.

    Lectures will be video taped and streamed.

  • Recommended prerequisites

    Micro and macro economics

  • Compulsory Activity

    Term paper.

  • Assessment

    Written home exam, 5 hours

  • Grading Scale

    A-F

  • Computer tools

    Private PC

  • Literature

    Hodne og Grytten, Norsk økonomi i det 19 århundre, Fagbokforlaget, Bergen 2000

    Hodne og Grytten, Norsk økonomi i det 20 århundre, Fagbokforlaget, Bergen 2002.

    Elective literature: TBA

Overview

ECTS Credits
7.5
Teaching language
Norwegian
Semester

Spring. Offered spring 2022.

Course responsible

Professor Ola Honningdal Grytten, Department of Economics.