Environmental and Resource Economics I

  • ECTS credits10
  • Teaching semesterSpring
  • Course codeECON216
  • Number of semesters1
  • LanguageEnglish
  • Resources

Objectives and Content

The subject will provide an introduction to central issues in natural resource and environmental economics, as well as economic theory for the extraction of natural resources.

Some central topics:

  • External consequences and pollution
  • Sustainable development and international CO2-treaties
  • Petroleum extraction
  • Growing and harvesting fish resources

Teaching Methods and Extent of Organized Teaching

Lectures, seminars

Compulsory Assignments and Attendance

Passed one mandatory assignment.

Passed mandatory exercises are valid this term and the 3 following terms

Semester of Instruction


Level of Study


Learning Outcomes

Having completed the course, the students should be able to:

  • Explain central environmental questions nationally and internationally such as air pollution and climate changes.
  • Explain the economic basis of environmental politics with emphasis on the different types of market failure such as externalities, collective goods, and natural monopolies.
  • Explain different means to handle market failure such as Pigou taxes, quotas and direct regulation.
  • Explain principles for optimal extraction of non-renewable (oil, coal) and renewable (wood, fish) resources.
  • Understand central concepts such as resource rent, efficiency, shortage and sustanability

Required Previous Knowledge


Recommended Previous Knowledge

ECON110 and ECON140

Assessment Semester


Forms of Assessment

4 hours written exam

Examination supporting materials during the exam:

«Matematisk formelsamling» by K Sydsæter, A. Strøm og P. Berck, «formelsamling i matematikk» by Utdanningsdirektoratet and non-programmable calculators without graphical display.

Grading Scale

Grades A-F

Course Evaluation

The seminars and lectures will be evaluated during the semester


Contact Information

Department of Economics

E-mail: studieveileder@econ.uib.no

Phone: 55 58 92 26