ECN275 Natural Resource and Environmental Economics - Theory
Credits (ECTS):10
Course responsible:Eirik Romstad
Campus / Online:Taught campus Ås
Teaching language:Engelsk
Course frequency:Annually
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
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: arken.nmbu.no/~eiriro/ecn275/
Learning outcome
Knowledge
- Welfare economics and environmental issues
- Cost effectiveness and partial welfare maximization
- Asymmetric information, principa-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
- Knowledge based choice of and discussion of economic policy instruments in the management of environmental issues and natural resource managment
- 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 orginal problem caused by the chosen simplifications
- Expanded economic modeling skills
- Cooperation in informal groups, short presentations with little time for preparations
Learning activities
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