Let \F_q (q=pr) be a finite field. In this paper the number of
irreducible polynomials of degree m in \F_q[x] with prescribed trace and
norm coefficients is calculated in certain special cases and a general bound
for that number is obtained improving the bound by Wan if m is small compared
to q. As a corollary, sharp bounds are obtained for the number of elements in
\F_{q^3} with prescribed trace and norm over \F_q improving the estimates
by Katz in this special case. Moreover, a characterization of Kloosterman sums
over \F_{2^r} divisible by three is given generalizing the earlier result by
Charpin, Helleseth, and Zinoviev obtained only in the case r odd. Finally, a
new simple proof for the value distribution of a Kloosterman sum over the field
\F_{3^r}, first proved by Katz and Livne, is given.Comment: 21 pages; revised version with somewhat more clearer proofs; to
appear in Acta Arithmetic