spring 2022
SOK-3002 Advanced Natural Resource Economics - 10 ECTS

Last changed 20.05.2022

Application deadline

Applicants from countries within EU/EEA: December 1st for the spring semester. Exchange students and Fulbright students: 1 October for the spring semester

Type of course

The subject can be taken as a single subject

Admission requirements

9371 - enkeltemner på masternivå

Course overlap

SØ-455 Graduate course in economics - special topic: Resource economics 5 stp
SØ-405 Graduate course in economics - split exam in dynamic optimization 5 stp
SOK-3556 Environment and Development Economics 2 stp

Course content

The course content will cover natural resource economics broadly, with emphasis on dynamic aspects, including mathematical dynamic optimisation.

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

Lectures and seminars.


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
  • Oblig 3. Pass one of two datalab reports

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


  • About the course
  • Campus: Tromsø |
  • ECTS: 10
  • Course code: SOK-3002