Course responsible:Ståle Navrud
Campus / Online:Taught campus Ås
Nominal workload:250 hours
Teaching and exam period:This course starts in Spring parallel. This course has teaching/evaluation in Spring parallel.
About this course
- Understand the welfare theoretic basis for Cost-Benefit Analysis (CBA)
- Know the main steps of CBA
- Know the Damage function approach
- Know the revealed and stated preference methods for valuation of environmental goods and ecosystem services,
- Know methods for valuation of statistical life, life years, environmentally related illnesses, cultural heritage and other public goods
- Know value transfer methods, databases for valuation studies, transfer errors and main steps in value transfer.
- Be able to collect, critically evaluate and use relevant data for a CBA
- Be able to perform a CBA of a selected project
- Be able to evaluate and use valuation studies of environmental goods public health and cultural heritage for value transfer in a CBA
- Be able to critically assess an existing CBA
- Ability to apply a decision support tool in practise
- Ability to co-operate and communicate effectively in a group
- Ability to present results clearly and effectively orally and in writing
- Understand that analyses are based on critical assumptions and evaluate the impacts on results from changing the assumptions
- Lectures and extensive supervision of student groups in their preparation of semester assignments. 1-2 weeks prior to the deadline, the students presents a "near complete" draft of the semester assignment to the class, and get feedback from the teacher and fellow students. Lectures on campus without streaming.
- All groups have a start-up meeting with the teacher to identify and define the topic of their semester assignments. Afterwards each group make appointments with the teacher when they need supervision. 1-2 weeks before the deadline of the semester assignment, all groups present their "near complete" semester assignment in class, and get feedback from the teacher and fellow students.
- ECN210 Intermediate Microeconomics- Consumers, Producers, Market and Welfare; or similar introductory course in microeconomics.
- ECN170 Environmental and Resource Economics or a similar course.
- Term paper: A semester assignment (100 %), which is prepared by groups of 3-4 students. In the semester assignments the students will apply what they have learned about theory and methods to a case of their own choice, i.e. an economic analysis of a project with environmental impacts. In the semester assignment, the students will also have to answer questions from a check list, which covers the curriculum of the course. If one fails on the term paper, the course has to be taken over again. No re-examination is offered. The term paper can be written in English or in Norwegian.
- External examiner will control the quality of syllabus, questions for the final examination, and principles for the assessment of the examination answers; and evaluates the term papers.
- The course is in English. Incoming students can contact student advisors at the School of Economics and Business (Studieveilederfirstname.lastname@example.org) for admission to the course.
- 28-30 hours plus extensive supervision of student group on the term papers.
- Letter grades
- Minimum requirements for entrance to higher education in Norway (generell studiekompetanse)