Course

Environmental Economics (MSB350)

What is the appropriate level of pollution and how can it be achieved? What is the best management of renewable resources (e.g. fish, forest)? What is the optimal extraction rate for non-renewable resources (e.g. oil, natural gas)? How much is a nature experience worth? And what would be the economic cost of an oil spill in the Arctic? Environmental and resource economics is a branch of economics with explicit focus on the role of the environment and natural resources in the economy, and questions like the ones above are examples of ones that students will learn to address during this course.


Dette er emnebeskrivelsen for studieåret 2021-2022. Merk at det kan komme endringer.

See course description and exam/assesment information for this semester (2024-2025)

Semesters

Fakta

Emnekode

MSB350

Vekting (stp)

10

Semester undervisningsstart

Autumn

Undervisningsspråk

English

Antall semestre

1

Vurderingssemester

Autumn

Timeplan

Vis timeplan

Litteratur

Pensumlisten finner du i Leganto

Content

  1. Theory of environmental market failures
  2. Valuing non-market environmental goods and services
  3. Extraction and depletion of non-renewable natural resources
  4. Management of renewable natural resources

Learning outcome

Knowledge:

Upon completion of the course, students will have:

  • A fundamental understanding of central environmental economics and nautural resource economics concepts, theories and models, which form the basis of the course and the science of economics.
  • An understanding of the complexity and scope of the determinants of economic behavior among microeconomic agents, their interactions, and their dependencies on natural resources and the environment.

Skills:

Upon completion of the course, students will:

  • Have the ability to use different theories and models to analyze what drives economic agents in different situations as it relates to natural resources and environmental goods and services.
  • Know how to read and comprehend published research in the field of environmental and resource economics.
  • Be capable of implementing own applied research in the field of environmental and resource economics.
  • Be able to apply tools from the field of environmental and resource economics as a basis for evaluating and developing the economic decision-making strategies in both the private and public sectors of the economy.

Forkunnskapskrav

Ingen

Anbefalte forkunnskaper

Microeconomics & econometrics at the intermediate bachelor level or master level.

Exam

Form of assessment Weight Duration Marks Aid Exam system Withdrawal deadline Exam date
Folder evaluation 1/1 Letter grades Inspera assessment 26.11.2021 —


The folder evaluation consists of:

2 problem sets

Article summary (written)

Research paper

Students will receive one grade based on the components in the folder. No resit.

Vilkår for å gå opp til eksamen/vurdering

Presentation, Quizzes
Attendance is necessary in order to participate in some of the components in the assessment.

Fagperson(er)

Study Program Director:

Ingeborg Foldøy Solli

Course coordinator:

Dora Zsuzsanna Simon

Method of work

8 weeks of lectures at 3.5 hours per week. 1 week with 5 days of 3.5-hour lectures. Lectures are delivered in English.

Workload

Estimated hours of effort for the course:

- Lectures & seminars: 50 hours

- Independent study of course material: 100-120 hours

- Assignments: 100-120 hours

TOTAL: 270 hours

Åpent for

Admission to Single Courses at UiS Business School
Sustainability Studies - Master's Degree Programme Industrial Economics - Master of Science Degree Programme Master of Science in Accounting and Auditing Business Administration - Master of Science Business Administration - Master of Science (5 years)
Exchange programmes at UIS Business School

Emneevaluering

Students will have the opportunity to give feedback on the course first in an early dialogue, and then in a written course evaluation at the end of the course.

Litteratur

Book

Natural resource and environmental economics Perman, Roger,, Perman, Roger,, Harlow, Essex ; New York :; Harlow, Essex ; New York :, Pearson Addison Wesley, 2011, isbn:0273760378; 9780273760375, Finnes også som trykt : ISBN 9780321417534 https://bibsys-ur.userservices.exlibrisgroup.com/view/uresolver/47BIBSYS_UBIS/openurl?ctx_enc=info:ofi/enc:UTF-8&ctx_id=10_1&ctx_tim=2020-05-12T13:15:53IST&ctx_ver=Z39.88-2004&url_ctx_fmt=info:ofi/fmt:kev:mtx:ctx&url_ver=Z39.88-2004&rfr_id=info:sid/primo.exlibrisgroup.com-pq_ebook_central&req_id=&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.atitle=&rft.jtitle=&rft.btitle=Natural%20Resource%20and%20Environmental%20Economics.&rft.aulast=Perman&rft.auinit=R&rft.auinit1=&rft.auinitm=&rft.ausuffix=&rft.au=Perman,%20Roger&rft.aucorp=&rft.date=2013&rft.volume=&rft.issue=&rft.part=&rft.quarter=&rft.ssn=&rft.spage=&rft.epage=&rft.pages=&rft.artnum=&rft.issn=&rft.eissn=&rft.isbn=9780273760375&rft.sici=&rft.coden=&rft_id=info:doi/&rft.object_id=&rft.eisbn=9780273760375&rft.edition=4th%20ed..&rft.pub=&rft.place=&rft.series=&rft.stitle=&rft.bici=&rft_id=info:bibcode/&rft_id=info:hdl/&rft_id=info:lccn/&rft_id=info:oclcnum/1027178957&rft_id=info:pmid/&rft_id=info:eric/((addata/eric}}&rft_dat=%3cpq_ebook_central%3eEBC5248198%3c/pq_ebook_central%3e%3curl%3e%3c/url%3e,language=eng,view=UBIS&svc_dat=viewit&user_ip=10.16.56.140&req.skin=primo&rft_pqid=EBC5248198&rft_galeid=&rft_cupid=&rft_eruid=&rft_nurid=&rft_ingid=View online

Book

Natural resource and environmental economics Roger Perman (forfatter), Perman, Roger, Harlow, Pearson, XXX, 712 s., 2011, isbn:9780321417534,

Book

A course in environmental economics : theory, policy, and practice Phaneuf, Daniel James, Requate, Till, Cambridge, Cambridge University Press, 2017, isbn:1107004179; 9781107004177; 052117869X; 9780521178693, https://bibsys-ur.userservices.exlibrisgroup.com/view/uresolver/47BIBSYS_UBIS/openurl?ctx_enc=info:ofi/enc:UTF-8&ctx_id=10_1&ctx_tim=2020-05-12T13:30:55IST&ctx_ver=Z39.88-2004&url_ctx_fmt=info:ofi/fmt:kev:mtx:ctx&url_ver=Z39.88-2004&rfr_id=info:sid/primo.exlibrisgroup.com-gbv&req_id=&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=unknown&rft.atitle=A%20course%20in%20environmental%20economics%20theory,%20policy,%20and%20practice&rft.jtitle=&rft.btitle=&rft.aulast=Phaneuf&rft.auinit=&rft.auinit1=&rft.auinitm=&rft.ausuffix=&rft.au=Phaneuf,%20Daniel%20J&rft.aucorp=&rft.date=2017&rft.volume=&rft.issue=&rft.part=&rft.quarter=&rft.ssn=&rft.spage=&rft.epage=&rft.pages=&rft.artnum=&rft.issn=&rft.eissn=&rft.isbn=9781107004177&rft.sici=&rft.coden=&rft_id=info:doi/10.1017/9780511843839&rft.object_id=&rft.eisbn=&rft.edition=&rft.pub=&rft.place=&rft.series=&rft.stitle=&rft.bici=&rft_id=info:bibcode/&rft_id=info:hdl/&rft_id=info:lccn/2016044938&rft_id=info:oclcnum/961797975&rft_id=info:pmid/&rft_id=info:eric/((addata/eric}}&rft_dat=%3cgbv%3e870011979%3c/gbv%3e,language=eng,view=UBIS&svc_dat=getit&user_ip=10.16.56.140&req.skin=primo&rft_pqid=&rft_galeid=&rft_cupid=&rft_eruid=&rft_nurid=&rft_ingid=View online

Book

Environmental economics & management : theory, policy, and applications Callan, Scott J., Thomas, Janet M., © 2013; Mason, Ohio, South-Western Cengage Learning, [2013], isbn:1-111-82667-6; 978-1-111-82667-3,

Book

Introductory econometrics : a modern approach Wooldridge, Jeffrey M., Boston, MA, Cengage Learning, XXII, 826 sider, [2020], isbn:9781337558860,

Book

An Introduction to statistical learning : with applications in R Gareth James (forfatter), James, Gareth, New York, Springer, cop. 2017, isbn:978-1-4614-7137-0,

Electronic Article

SCIENTIFIC ARTICLES Various authors,

Kontakt

Study Program Director:

Ingeborg Foldøy Solli

Course coordinator:

Dora Zsuzsanna Simon

Tilbys av

UiS Business School

UiS School of Business and Law

The course description is retrieved from FS (Felles studentsystem). Version 1