autumn 2019 SOK-3554 Resource economics and project evaluation methods - 10 ECTS
Admission requirements
Application code: 9371
The course is primarily directed towards students with a basic knowledge about fisheries, population dynamics and economics. Additionally, for students that are interested in the interplay between different disciplines and how fishers¿ behaviour may be explained within the context of biological and economic dynamic processes.
Course content
This course gives a first introduction to resource economics and presents applied methods of project evaluation, Present value evaluation, future value evaluation, Cost-benefit calculation and internal rate of return evaluation. The course includes a historical perspective on resource use and discusses the ethical foundation of the utilization of natural resources. Environmental economics together with the exploitation of non-renewable resource and cultivated renewable resources constitute the major part of the course. The student is introduced to the central terms as resource rent, optimal price paths, optimal resource extraction and optimal rotation.Objectives of the course
The candidate
- has insight in basic theories in resource economics and project evaluation methods
- understands the ethical dilemmas related to the production and distribution of goods, as well as the environmental consequences this may involve
- knows central terms as resource rent, optimal price path, optimal resource extraction and optimal rotation
- is aware of the utility theory on which environmental techniques are based
Skills:
The candidate
- can perform project evaluations and analyse potential cost and benefits of private and public project, employing standard methods
- is able to set up and analyse economic problems related to the exploitation of non-renewable stock resources and cultivated, renewable natural resources
- knows how to use and analyse different valuation techniques used for use and non-use environmental values
Competence:
The candidate
- has a good theoretical background in resource economic principles which could be used in analysing real cases
- has a solid understanding of basic methods used in environmental economics, their strengths and weaknesses, and when it is suitable to make use of different methods
Recommended reading/syllabus
Pensumliste for SOK-3554 Resource Economics and Project Evaluation MethodsError rendering component
- About the course
- Campus: Tromsø |
- ECTS: 10
- Course code: SOK-3554
- Responsible unit
- Norges fiskerihøgskole