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Høst 2019

SOK-3554 Resource economics and project evaluation methods - 10 stp


The course is administrated by

Faculty of Biosciences, Fisheries and Economics

Type of course

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.

Course contents

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 utilization 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.

Application deadline

Applicants from Nordic countries: 1 June for the autumn semester and 1 December for the spring semester. Applicants from outside the Nordic countries: 1 October for the spring semester and 15 April for the autumn semester.

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

 

Skills:

The candidate

 

Competence:

The candidate


Language of instruction

Language of instruction and examination: English.

Teaching methods

Lectures and seminars.

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

Written test 10.12.2019

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


Course overlap

SOK-2037 Intermediate Natural Resource Economics 5 stp
Lectures Autumn 2019
First attendance: See Schedule
Lectures prof. Arne Johannes Eide
Seminars stip. Tannaz Alizadeh Ashrafi