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spring 2019

SOK-3555 Fisheries economics - 10 ECTS

Sist endret: 30.08.2019

The course is provided by

Faculty of Biosciences, Fisheries and Economics


Tromsø |

Application deadline

Applicants from Nordic countries: 1 December for the spring semester. Exchange students and Fulbright students: 1 October for the spring semester.

Type of course

This subject is obligatory in the Master's programme in International Fisheries Management". The course can also be taken as a singular course.

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

The interplay between vessels/fishermen and fish stocks is studied for the case of an open access fishery and for different management regimes. Bioeconomic theory is used in the analysis of selected fisheries, both nationally controlled and those in which two or more countries are involved. Practical issues related to the use of available data for establishing bioeconomic reference points are addressed.

Objectives of the course

Knowledge and understanding:

The candidate

  • has insight in bioeconomics theory
  • understands the dynamics of different types of fisheries
  • knows about fisheries management means, their properties and use I real fisheries
  • knows how to apply theoretical models on real fisheries
  • has a deep understanding of the models shortcomings and constraints
  • has the mathematical knowledge to deduce a useful modelling approaches for bioeconomic analysis of different fisheries
  • knows basic bioeconomics reference points and how they relate to each other


The candidate

  • can perform consequence analysis of different management actions on real fisheries, evaluating impacts management means have in the short and long run on biological and economic development of the fishery
  • are able to adjust and modify standard models when necessary for a useful evaluation of a real fishery
  • is able to integrate biological knowledge related to population dynamics with economic reasoning


The candidate

  • has a good theoretical background in bioeconomic principles which could be used in practical management tasks
  • has knowledge to investigate the interplay between vessels/fishermen and fish stocks in open access fisheries and under varying management regimes
  • has competence to present how bioeconomic theory is used in the analysis of selected fisheries, both nationally controlled and those in which two or more countries are involved
  • can address practical issues related to the use of available data for establishing bioeconomic reference points

Language of instruction

The language of instruction and all syllabus material is English.

Teaching methods

Lectures and seminars.


Written exam, 6 hours. The grading scale is A-F.

Course work requirements: Compulsory management game.

Participation in the written examination is conditional upon students having participated in the compulsory management game

A re-sit exam will be arranged for the written exam in the next semester.

Date for examination

Written test 14.06.2019

The date for the exam can be changed. The final date will be announced in the StudentWeb early in May and early in November.


Course overlap

SOK-3558 Fisheries Economics and Management 8 stp
SOK-2037 Intermediate Natural Resource Economics 5 stp

Recommended reading/syllabus

  • Ola Flaaten (2018). Fisheries and aquaculture economics. Bookboon.com ISBN 978-87-403-2281-1. Second edition.
  • H. Scott Gordon, 1954: The Economic Theory of a Common-Property Resource: The Fishery. The Journal of Political Economy, Vol. 62, No. 2. (Apr., 1954), pp. 124-142.
  • Eide et al. (2003) Harvest Functions: The Norwegian Bottom Trawl Cod Fisheries.
  • Hartwick and Olewiler, chapter 5
  • Eide (2009). Economic principles: an economic perspective on fishing. Chapter 4 in the new Management Guide (by FAO)


Liu, Yajie

Telefon: +4777646051 yajie.liu@uit.no


Hektoen, Ane-Marie

Telefon: +4777646013
Mobil: 90076101 ane-marie.hektoen@uit.no


Arne Eide

Professor / Fiskeriøkonomi
Telefon: +4777645583 arne.eide@uit.no