SØK1101 - Environmental and Resource Economics


Examination arrangement

Examination arrangement: School exam
Grade: Letter grades

Evaluation Weighting Duration Grade deviation Examination aids
School exam 100/100 4 hours C

Course content

This course gives an introduction to environmental and resource economics. Emphasis is put on how economic theories can be used to discuss environmental issues and problems, e.g.: How to assess economic goals and needs between generations? What is sustainable development? What do we mean by efficient utilisation of the environment? Environmental regulation – why and how? Optimal pollution control - when and how? The course covers economical analysis and methods for environmental accounting, the theory on optimal management and use of renewable and non-renewable natural resources, valuation of the environment, and international environmental problems and agreements.

Learning outcome


You learn

  • simple models of the relationship between economic activity and the environment
  • how to determine the optimal level of pollution and the optimal use of a natural resource from an economic point of view
  • how various policies, such as taxes, subsidies, and quotas, can be used to realize the optimal solution when markets fail
  • about policies related to exhaustion of non-renewable resources and overutilization of renewable resources, common pool problems and sustainability concepts


You should be able to

  • use microeconomic models to analyze environmental and resource economic issues, for instance the impact of imposing emission taxes on polluting firms, CO2 quotas and economic efficiency, and the impact of direct and indirect regulations on the economic surplus and harvest in a fishery

General competence

You should be able to

  • follow economic reasoning related to the course in the public debate and professional reports

Learning methods and activities

2 hours of lectures every week and 2 hours of practical assignments every other week. The course has compulsory activity. Specific requirements will be announced at the beginning of the semester.

Compulsory assignments

  • Approved term paper(s)/exercise(s)

Required previous knowledge


Course materials

Announced at the beginning of the term.

Credit reductions

Course code Reduction From To
SVSØ001 7.5
More on the course



Version: 1
Credits:  7.5 SP
Study level: Second degree level


Term no.: 1
Teaching semester:  SPRING 2024

Language of instruction: English

Location: Trondheim

Subject area(s)
  • Industrial Ecology
  • Economics
  • Social Sciences
  • Technological subjects
Contact information
Course coordinator:

Department with academic responsibility
Department of Economics


Examination arrangement: School exam

Term Status code Evaluation Weighting Examination aids Date Time Examination system Room *
Autumn ORD School exam 100/100 C 2023-12-22 09:00 INSPERA
Room Building Number of candidates
SL430 Sluppenvegen 14 1
Spring ORD School exam 100/100 C INSPERA
Room Building Number of candidates
  • * The location (room) for a written examination is published 3 days before examination date. If more than one room is listed, you will find your room at Studentweb.

For more information regarding registration for examination and examination procedures, see "Innsida - Exams"

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