ECN376 Natural Resource and Environmental Economics - Applications

Credits (ECTS):5

Course responsible:Eirik Romstad

Campus / Online:Taught campus Ås

Teaching language:Engelsk

Course frequency:Annually

Nominal workload:150 hours

Teaching and exam period:This course starts in Spring parallel. This course has teaching/evaluation in Spring parallel and June block.

About this course

The course builds on ECN275, and is an edition of ECN375 (theory foundation from ECN275 and a term paper). The course involves the term paper in ECN375, where students work in groups on a self selected topic on natural resource and environmental economics. Group size 2-3 students.

Learning outcome

Knowledge

Candidates shall further develop their skills from ECN 275 or equivalent courses through a group term paper on one or more of the following topics:

Welfare economics and environmental issues
Cost effectiveness and partial welfare maximization
Asymmetric information, principal-agent theory and resource allocation mechanisms, truthful revelation
Monitoring and enforcement/sanctions
Economic policy instruments in the management of the environment and natural resources
Models for state dependent management of the environment and natural resources
- Accumulated pollution
- Non-renewable resources
- Renewable resources

Skills

Trough work on a group term paper:

Knowledge based choice of and discussion of economic policy instruments in the management of environmental issues and natural resource management
- Handle impacts of incomplete information on the choice of economic policy instruments
- Modeling skills, static and dynamic models
- Knowledge based choice and discussion of economic policy instruments in the management of the environment and natural resources
- Handle impacts of incomplete information on the choice of economic policy instruments
Modeling skills, static and dynamic models

General competence

Simplify complex problems to enable economic analysis, and discuss the implications on the original problem caused by the chosen simplifications
Expanded economic modeling skills
Cooperation in informal groups, short presentations with little time for preparations
Work in a formal group on a larger academic term paper
Critical reflection on and constructive discussion of the work of peers

Learning activities
Mandatory term paper in groups of 2-4 students on a self-selected topic under the heading natural resource and environmental economics.
Teaching support
Councelling on the term paper.
Syllabus
Perman, R., Y. Ma, M. Common, D. Maddison, J. McGilvray. 2011. Natural Resource and Environmental Economics. 4th ed. London: Longman, and selected additional literature needed for the term paper. (textbook subject to change prior to the beginning of the term if a more suitable textbook becomes available)
Prerequisites
ECN275 Natural Resource and Environmental Economics - theory or equivalent.
Recommended prerequisites
ECN275 Natural Resource and Environmental Economics - theory or equivalent.
Assessment method
Term paper (100%). Work on the term paper takes place in the last third of the course. To be allowed to write a term paper, the student must have passed the exam in ECN275 or an equivalent course from another higher education institution. Term paper where 2-3 students work together on a self selected topic within the wider area of natural resource and environmental economics. Grade is assigned as A-F. No re-examination s being offered in this course.

Trem paper Karakterregel: Letter grades
About use of AI
Semester assignment
K2 - Specified use of AI in accordance with the guidelines for the use of artificial intelligence (AI) at NMBU.
AI may be used in the following way in the semester assignment for this subject: Use of AI must be documented and cited as other references.
Descriptions of AI-category codes.
Examiner scheme
Internal assessor (course responsible)
Mandatory activity
Discussant on another term paper in connecton with presentation of a preliminary version of the term paper.
Notes
The course is in English if there are one or more international students. Incoming students can contact student advisors at the School of Economics and Business (Studieveileder-hh@nmbu.no) for admission to the course.
Teaching hours
None (the course builds on theory/teaching/exercises/discussions from ECN275 Natural Resource and Environmental Economics - theory).
Reduction of credits
Builds on theory part from ECN275 Natural Resource and Environmental Economics - Theory.
Admission requirements
ECN275 Natural Resource and Environmental Economics - theory or equivalent.