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Høst 2018
SOK-3554 Resource economics and project evaluation methods - 10 stp
The course is administrated by
Type of course
Course overlap
Course contents
Application deadline
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.
Objective 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
Language of instruction
Teaching methods
Assessment
Written exam, 6 hours. Grade scale: A-F, F is fail.
Course work requirements:
One week home assignment. The grading scale is passed or failed.
A re-sit exam will be arranged for the written exam in the next semester
Date for examination
The date for the exam can be changed. The final date will be announced at your faculty early in May and early in November.
Recommended reading/syllabus
Chapters 1-6, 9, 11-12, 14-16 and 18 in
Perman, P., Y. Mae, M. Common, D. Maddison and J. McGilvray (2011). Natural Resource and Environmental Economics. Fourth edition. Peason Education Ltd, England.