Environmental and Natural Resource Economics
Course content
This course is an intermediate level course intended to provide
students with a comprehensive introduction to environmental and
natural resource economics. It is assumed that students
have a good grounding in basic microeconomics.
Core components of the course are:
(a) Environmental sustainability concepts and ethics.
(b) The welfare economic foundation of environmental economics.
(c) Externalities and the design of policy instruments to address
environmental problems.
(d) The economic concept of value and measurement of environmental
benefits using non-market valuation methods.
(e) Optimal utilisation of renewable and non-renewable natural
resources.
During the course students will develop a systematic understanding
of the economic rationale behind the use of environmental policy
instruments, economic valuation principles, and criteria for
optimal use of natural resources.
BSc Programme in Agricultural Economics
BSc Programme in Natural Resources
The course gives a comprehensive introduction to the principles
of environmental and natural resource economics. It will provide
the participants with the knowledge needed to understand the
economic aspects of environmental policy issues and the theoretical
basis required to take advanced courses in environmental and
natural resource economics at the graduate level.
Having completed the course it is expected that the student is able
to:
Knowledge:
- Define externalities.
- Understand the economic principles behind the design of
environmental policy instruments.
- Understand the issues associated with regulation of international
environmental problems.
- Understand the welfare economic principles behind social
discounting.
- Understand the principles underlying non-market economic
valuation methods and cost-benefit analysis.
- Understand the principles behind optimal utilization of renewable
and non-renewable natural resources.
- Understand the ethical positions underlying environmental
sustainability concepts and discounting.
Skills:
- Identify relevant policy instruments to internalize different
types of externalities.
- Evaluate the consequences of applying a policy instrument to
address an environmental problem.
- Identify relevant project and policy appraisal methods.
- Evaluate alternative approaches to renewable and non-renewable
natural resource utilization.
Competences:
- Apply the principles of environmental and natural resource
economics to understand policy issues in these
fields.
Teaching is in the form of lectures, group work and practicals. Lectures will present the central themes of the curriculum while practicals will focus on exercises in the various subjects addressed in the course. A project report has to be approved as a requirement for the 4-hour written exam.
Text book supplemented with relevant articles.
An example of the type of literature used could be Perman et al.: Natural Resource and Environmental Economics, Pearson Education Limited.
The final literature list will be announced on the course intranet Absalon.
The course is an intermediate level course and it is assumed that students have a good grounding in basic microeconomics. For example LOJB10259 Micro Economics or similar.
The students will receive written feedback on the group project and oral or written feedback on course exercises.
- ECTS
- 7,5 ECTS
- Type of assessment
-
Written examination, 4 hours under invigilationWritten examination in lecture hall.
- Aid
- All aids allowed
- Marking scale
- 7-point grading scale
- Censorship form
- External censorship
Criteria for exam assessment
Fulfilment of the specified learning outcomes.
Single subject courses (day)
- Category
- Hours
- Lectures
- 42
- Preparation
- 136
- Theory exercises
- 24
- Exam
- 4
- English
- 206
Kursusinformation
- Language
- English
- Course number
- NIFB14004U
- ECTS
- 7,5 ECTS
- Programme level
- Bachelor
- Duration
-
1 block
- Schedulegroup
-
C
- Capacity
- No restrictions.
- Studyboard
- Study Board of Natural Resources, Environment and Animal Science
Contracting department
- Department of Food and Resource Economics
Contracting faculty
- Faculty of Science
Course Coordinator
- Mette Termansen (2-737a466f6c787534717b346a71)
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