Course code ECN275

ECN275 Natural Resource and Environmental Economics - Theory

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Showing course contents for the educational year 2018 - 2019 .

Course responsible: Eirik Romstad
ECTS credits: 10
Faculty: School of Economics and Business
Teaching language: EN
(NO=norsk, EN=Engelsk)
Limits of class size:
Teaching exam periods:
This course has teaching/evaluation in the Spring parallel.
Course frequency: Annually
First time: Study year 2017-2018
Preferential right:
Course contents:

Lectures and exercises will address the following issues: Economy - environment interactions, sustainable development, optimal management of renewable and non-renewable resources, pollution targets and pollution control, envirionmental policy instruments, international environmental agreements.

Further details on the home page of the course:

Learning outcome:

Candidates should be able to apply economic theory to analyse environmental and natural resource management issues. These issues include: economy - environment interactions, sustainable development, optimal management of renewable and non-renewable resources, pollution targets and pollution control, environmental policy instruments, and international environmental agreements.

This involves that the candidates are able to formulate analytical models, and based on the chosen model formulations, get more insights on the characteristics of the solutions to the models.

Learning activities:

Lectures and exercises. It is recommended that students form self organized groups, for exampe 3-4 persons, and work together on the theoretial materials and exercises. Working on exercises and active participation is important for meeting the learning objectives.

For each sub-topic in the course, there are thematic discussion questions and exercises that provide the students with training in model formulation, and characterisation of the problems that are analyzed.

Teaching support:

In class discussions on prepared topics, and thematic exerecises provide students with opportunities to apply theory and methods.  The course pages provide additional information and access to extra learning resources.

Active participation in class hours, exercises and group work are important to enable students to apply theories and methods that have been presented in class/are in the readings for each class hour for improved analytical capabilities on concrete policy issues.

Perman, R., Y. Ma, M. Common, D. Maddison, J. McGilvray. 2011. Natural Resource and Environmental Economics. 4th ed. London: Longman. (subject to change if an even more suited textbook becomes available).
Microeconomics at the level of ECN210 Intermediate Microeconomics- Consumers, Producers, Market and Welfare or ECN211 Intermediate Microeconomics - Institutions, Games and Market Failures.
Recommended prerequisites:
General good knowledge in mathematics equivalent to ECN102 Introduction to Mathematics for Economists. Knowledge about differentiation, integration, and unconstrained/constrained optimization.
Mandatory activity:
Two tematic in-class tests (environmental economics and natural resource economics) at the end of the respective themes in the course.
Nominal workload:
300 hours
Entrance requirements:
Minimum requirements for entrance to higher education in Norway (generell studiekompetanse)
Reduction of credits:
ECN270 Natural Resource Economics - 4 ECTS, ECN371 Environmental Economics - 4 ECTS
Type of course:
6 hours per week combined lectures/exercises/discussion sessions (through March / into early April if Easer is early)
External examiner will control the quality of syllabus, questions for the final examination, and principles for the assessment of the examination answers.
Examination details: One written exam: A - E / Ikke bestått