SØK1101 - Environmental and Resource Economics

About

Examination arrangement

Examination arrangement: Written examination
Grade: Letters

Evaluation form Weighting Duration Examination aids Grade deviation
Written examination 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

Knowledge
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

Skills
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

Lectures and practical assignments. Compulsory activity: 1 approved term paper.

Compulsory assignments

  • One approved term paper.

Specific conditions

Exam registration requires that class registration is approved in the same semester. Compulsory activities from previous semester may be approved by the department.

Required previous knowledge

None

Course materials

Announced at the beginning of the term.

Credit reductions

Course code Reduction From To
SVSØ001 7.5

Examination

Examination arrangement: Written examination

Term Statuskode Evaluation form Weighting Examination aids Date Time Room *
Autumn ORD Written examination 100/100 C 2015-12-09 09:00
Spring ORD Written examination 100/100 C 2016-05-30 09:00 Storhall del 1
  • * 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.