The trace form gives a connection between the representation ring and the space of invariant bilinear forms of a Lie algebra $L$. This thesis reviews the definition of the trace of an endomorphism of a finitely generated projective module over a commutative ring $R$. We then use this to look at the trace form of a finitely generated projective representation of a Lie algebra $L$ over $R$ and its representation ring. While doing so, we prove a few trace formulas which are useful in the theory of the Dynkin index, an invariant introduced by Dynkin in 1952 to study homomorphisms between simple Lie algebras.