This is a classic Icelandic-style sweater, traditionally known as a lopapeysa or lopi.
Lopis are always worked in the round, so you will need circular needles, plus double-pointed needles for the sleeves. If you are comfortable using the Magic Loop technique you won’t need the DPNs.
The colourwork sections are worked using the stranded technique. When working a colourwork round, strand the colour you’re not using loosely across the wrong side of the work. However, unlike Fair Isle designs, which only use two colours in a round, lopis often use three colours per round, as is the case in this garment.
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If you are a beginner and interested in learning a more about knitting, just click here where you can enjoy the workshop about casting on. There is a list of all the others workshops on the left-hand side of the workshop page.