autumn 2016
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. The course is an integrated part of the IFM programme but is also open for single course students.
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 utilisation 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.Assessment
Course work requirements: Take-home assignment. The grading scale is A-F, where A-E is passed, and F is failed. Exam: Written exam, 6 hours. Grade scale: A-F. Participation in the written examination is conditional upon students having achieved pass grades for the take-home assignment. A re-sit exam will be arranged for the written exam in the next semester.Error rendering component
- About the course
- Campus: Tromsø |
- ECTS: 10
- Course code: SOK-3554
- Responsible unit
- Norges fiskerihøgskole
- Kontaktpersoner
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