SØK8624 - Environmental and Resource Economics
Lessons are not given in the academic year 2017/2018
The first part of the course includes the theory of external effects, institutions and environmental issues. Theories of environmental regulations and models of climate change and other international environmental issues are discussed. In the part on natural resources, models for optimal management of fish, wood and wildlife will be analysed, in addition to models for non-renewable resources as oil. These problems are mainly dynamic, and the main principles of optimal control theory and dynamic programming will be presented.
Students should obtain in depth knowledge about environmental issues, and knowledge of models important for management of renewable (for example fish) and non-renewable natural resources (for example oil).
Learning methods and activities
4 hours of lectures every week. One compulsory term paper. The course is an optional master's course, and it is not taught every semester. Check www.ntnu.edu/econ.
- One approved term paper.
Exam registration requires that class registration is approved in the same semester. Compulsory activities from previous semester may be approved by the department.
Recommended previous knowledge
Compulsory courses in Masters degree in Economics.
Required previous knowledge
Announced at the beginning of the term.
- * The location (room) for a written examination is published 3 days before examination date.