course-details-portlet

SØK3534

Environmental and Resource Economics

Lessons are not given in the academic year 2025/2026

Credits 7.5
Level Second degree level
Course start Autumn
Duration 1 semester
Language of instruction English
Location Trondheim

About

About the course

Course content

We will discuss the theory of externalities; institutions and environmental issues; environmental regulations; models of climate change and other international environmental issues. We will also cover models for the management of renewable and non-renewable resources. Textbook chapters will be supplemented with research papers presenting applications of the theories discussed to different settings.

Learning outcome

Knowledge

You learn

  • to master basic environmental and resource economic theories and should be familiar with the facts
  • models of the interaction between economic and human activity and the environment
  • local, national, and international aspects of environmental and natural resource problems

Skills

You should be able to

  • have a good understanding of the national and international debate on climate and pollution problems
  • to analyze static and dynamic environmental and resource economic problems
  • be able to analyze several environmental- and resource economic problems with theoretical models
  • to analyze the impact of different types of regulation related to pollution, extraction of non-renewable resources such as oil and minerals, and harvesting of renewable resources such as fish and forest

General competence

You should be able to

  • read and understand reports and research articles dealing with issues discussed in the course
  • use the content of the course in your own academic work like your master thesis

Learning methods and activities

2 hours of lectures every week. The course has compulsory activities. Specific requirements will be announced at the beginning of the term. The term papers can be written as a joint project. The course is an optional master's course and is not taught every semester. Check courses that are taught at https://www.ntnu.no/econ/valgfrie-masteremner. Students enrolled in ISØ's master programs can take the course any semester. Contact the department (kontakt@econ.ntnu.no) to get access to learning resources.

Compulsory assignments

  • Mandatory activity

Further on evaluation

Compulsory activity must be approved to take the exam.

Required previous knowledge

None

Course materials

Announced at the beginning of the term.

Credit reductions

Course code Reduction From
SØK3524 7.5 sp Autumn 2025
This course has academic overlap with the course in the table above. If you take overlapping courses, you will receive a credit reduction in the course where you have the lowest grade. If the grades are the same, the reduction will be applied to the course completed most recently.

Subject areas

  • Economics
  • Social Sciences

Contact information

Course coordinator

Department with academic responsibility

Department of Economics

Examination

Examination