Type of course

Course content

Objectives of the course

Students who have successfully completed the course should have achieved the following learning outcomes: 

The students will have knowledge of

• Dynamic optimisation
• Renewable and non-renewable natural resource economics and aspects relating to sustainability
• Methods used to assess natural resource values

The students will develop skill to:

• Use dynamic optimization in economic analysis
• formulate and analyze issues related to the economics of natural resources
• apply theoretical concepts and ideas to undertake relevant applied work

Competence: The student should be able to

• read, understand and present economic models and results from current research on natural resource economics
• apply theories and principles and develop expertise in addressing questions related to natural resource management
• discuss and analyse central questions pertaining to the present situation related to renewable and non-renewable natural resources

Language of instruction

Teaching methods

Assessment

4 hour written exam in mathematics (counts 40%). Term paper (counts 60%). Evaluated with grades A - F, where F is failed.

Coursework requirements:

• Oblig 1: Termpaper
• Oblig 2: Presentation

Re-sit exam: A re-sit exam and/or term paper is offered in the beginning of the next semester.

Recommended reading/syllabus