Natural Resource and Environmental Economics
Course offered :
- Current semester
- Next semester
Current programmes of study
Course offered by
| Number of credits | 10 |
| Course offered (semester) | Autumn |
| Schedule | Schedule |
| Reading list | Reading list |
Language of Instruction
English
Learning Outcomes
Having completed the course, the students should be able to:
- Explain different kinds of market failure in the fields og environment, climate and nature resources.
- Explain the concept «flow and stock pollutants» and which principles apply for optimal handling of these.
- Master different ways to handle market failures.
- Compare the effects of Pigou-taxes and quotas in times of uncertainty.
- Explain optimal extraction of non-renewable and renewable resources.
- Explain extraction of non-renewable resources under free competition and monopolies.
- Explain climate measures, climate problems, and how to handle them
Contact Information
Department of Economics
advice@econ.uib.no
Course offered (semester)
Autumn
Language of Instruction
English
Aim and Content
The students should know central concepts in both economic theories in environmental economics and for natural recourses.
The environmental economic part of the course includes knowledge of concepts such as externalities, public goods and efficiency. In the course we will discuss policy instruments such as Pigouvian tax, subsidy for abatement, standards and tradable permits. The policy instruments are discussed under imperfect information.
The natural resource economic part of the course includes economic theory for renewable and non-renewable resources. In the course we will study these theories for different cost structures, markets imperfections, and under uncertainly. We will also discuss polices questions relevant for the oil and gas sector and fisheries.
Learning Outcomes
Having completed the course, the students should be able to:
- Explain different kinds of market failure in the fields og environment, climate and nature resources.
- Explain the concept «flow and stock pollutants» and which principles apply for optimal handling of these.
- Master different ways to handle market failures.
- Compare the effects of Pigou-taxes and quotas in times of uncertainty.
- Explain optimal extraction of non-renewable and renewable resources.
- Explain extraction of non-renewable resources under free competition and monopolies.
- Explain climate measures, climate problems, and how to handle them
Teaching Methods
Lectures
Compulsory Requirements
One mandatory assignment
Assessment methods
4 hours written exam (70%)
Presentation (30%)
Contact Information
Department of Economics
advice@econ.uib.no