course-details-portlet

SØK3538

Public Finance

New from the academic year 2025/2026

Credits 7.5
Level Second degree level
Course start Autumn 2025
Duration 1 semester
Language of instruction Norwegian
Location Trondheim
Examination arrangement School exam

About

About the course

Course content

Local governments are responsible for the majority of service provision in the Scandinavian welfare state. Different countries adopt varying degrees of centralization and decentralization within the public sector, both in terms of responsibility for public tasks and financing. This topic focuses on the relationship between public and private services and the various parts of the public sector. Key themes include the interaction between public and private service provision and incentive challenges in public production. It also encompasses the design of transfer systems, regulation of local taxation, and the division of responsibilities.

Learning outcome

Knowledge

You learn

  • about economic interaction between private and public sector
  • about economic interaction between central and local governments
  • about organization and financing of welfare services and collective goods
  • the decentralization theorem, principles for the organization of government sector
  • about policies for mechanisms for enhancing efficiency
  • about political decisions about centralization and decentralization

Skills

You should be able to

  • discuss key theories and models for the organization of the public sector
  • analyze a broad set of issues relevant for the relationship between central and local governments
  • discuss how the political system evaluates centralization and decentralization

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

2 hours of lectures every week. The course has compulsory activities. Specific requirements will be announced at the beginning of the term. The term papers can be written as a joint project. The course is an optional master's course and is not taught every semester. Check courses that are taught at https://www.ntnu.no/econ/valgfrie-masteremner. Students enrolled in ISØ's master programs can take the course any semester. Contact the department (kontakt@econ.ntnu.no) to get access to learning resources.

Compulsory assignments

  • Mandatory activity

Further on evaluation

Compulsory activity must be approved to take the exam.

Specific conditions

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

Required previous knowledge

None

Course materials

Announced at the beginning of the term.

Credit reductions

Course code Reduction From
SØK3527 7.5 sp Autumn 2025
This course has academic overlap with the course in the table above. If you take overlapping courses, you will receive a credit reduction in the course where you have the lowest grade. If the grades are the same, the reduction will be applied to the course completed most recently.

Subject areas

  • Economics
  • Social Sciences

Contact information

Course coordinator

Department with academic responsibility

Department of Economics

Examination

Examination

Examination arrangement: School exam
Grade: Letter grades

Ordinary examination - Autumn 2025

School exam
Weighting 100/100 Examination aids Code H Date 2025-11-17 Time 09:00 Duration 4 hours Exam system Inspera Assessment
Place and room for school exam

The specified room can be changed and the final location will be ready no later than 3 days before the exam. You can find your room location on Studentweb.

Sluppenvegen 14
Room SL410 blå sone
40 candidates

Ordinary examination - Spring 2026

School exam
Weighting 100/100 Examination aids Code H Duration 4 hours Exam system Inspera Assessment Place and room Not specified yet.