Understanding a Regional Economy

The course provides a "model" of a regional economy by defining the mechanisms underlying the "demand side" and the "supply side" of the economy and exploring how these interact to shape economic activity rates in the short run as well as more complex adjustments and their impacts, such as on competitiveness and trade.


Requirements for acceptance to courses are generally the same as for acceptance to the master’s program in whole, i.e. that applicants have completed undergraduate studies, regardless of whether BA, BSc, BEd, or other equivalent study.

The master’s committee may decide to accept undergraduate students, who are a long way into their studies, to individual courses. All applications for entry to individual courses must be reviewed by the Master’s program committee and a decision can take up to two weeks.

It is important for applicants to have a good knowledge of English, as all teaching takes place in English.

Course details

Academic level(s)Master
Language of instructionEnglish
InstitutionUniversity Centre of the Westfjords
Begin date21.10.2019
End date06.11.2019
Registration deadline-
ECTS credits6.0
Field schoolNo
Fields of studyBasic/broad, general programmes
Teaching placeÍsafjörður, Westfjords
Tagseconomyregional studiesrural development
Find out more