SØK3521 - Economics of Education


Lessons are not given in the academic year 2020/2021

Examination arrangement

Examination arrangement: Written examination
Grade: Letters

Evaluation form Weighting Duration Examination aids Grade deviation
Written examination 100/100 6 hours C

Course content

The course includes the role and significance of human capital for the individuals and for the economy. It will be discussed how globalization and technological progress affect the demand for human capital. The main part of the course will include theories for individual educational choice, educational production, and the role of the design of the educational system. How should the educational system be designed to secure an adequate supply of highly competent labour?

Learning outcome

You learn
-about supply of and demand for human capital
-about the importance of human capital for earnings and economic growth
-about the effects of educational policies on school quality and hence, the amount of human capital in the society
-about characteristics of effective schools and high quality leadership

You should be able to
-criticize and evaluate the findings in relevant journal articles and reports
-explain and evaluate different types of governing systems in education
-discuss how governing systems influence the behavior of actors within the educational sector

General competence
You should be able to
- read and understand reports and research articles dealing with issues discussed in the course
- use the content of the course in your own academic work like your master thesis

Learning methods and activities

4 hours of lectures every week. Compulsory activity: Approved term paper(s)/ exercise(s). Specific requirements will be announced at the beginning of the term. The course is an optional master's course, and is not taught every semester. Check
Students enrolled in ISØ's master programs can take the course any semester.

Compulsory assignments

  • Approved term paper(s)/exercise(s)

Specific conditions

Exam registration requires that class registration is approved in the same semester. Compulsory activities from previous semester may be approved by the department.

Admission to a programme of study is required:
Economics (MSØK)
Economics (MSØK/5)
Financial Economics (MFINØK)

Required previous knowledge


Course materials

Announced at the beginning of the term.

Credit reductions

Course code Reduction From To
SØK3511 15.0 01.09.2007
SØK8621 10.0 01.09.2010
More on the course



Version: 1
Credits:  15.0 SP
Study level: Second degree level



Language of instruction: English, Norwegian

Location: Trondheim

Subject area(s)
  • Economics
  • Social Sciences
Contact information

Department with academic responsibility
Department of Economics



Examination arrangement: Written examination

Term Status code Evaluation form Weighting Examination aids Date Time Digital exam Room *
Spring ORD Written examination 100/100 C
Room Building Number of candidates
  • * The location (room) for a written examination is published 3 days before examination date. If more than one room is listed, you will find your room at Studentweb.

For more information regarding registration for examination and examination procedures, see "Innsida - Exams"

More on examinations at NTNU