Course

Environmental Economics (MSB350)

What is an appropriate level of pollution and how can it be achieved? What is the best management of renewable resources (e.g. fish, forests)? 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 those above are examples of questions that students will learn to address during this course.


Dette er emnebeskrivelsen for studieåret 2022-2023. 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

Content

The contents relate to environmental and resource economics and may include topics such as:

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, among others.

Learning outcome

Knowledge:

Upon completion of the course, students will have:

  • A fundamental understanding of central environmental economics and natural resource economics concepts, theories, and models that form the basis of the course and the science of economics.
  • An understanding of the complexity and scope of the determinants of economic behavior of 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 their 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 economic decision-making strategies in both the private and public sectors of the economy.

Forkunnskapskrav

Ingen

Anbefalte forkunnskaper

Microeconomics and 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 25.11.2022


The evaluation may be based on problem sets, group work, individual work, or presentations.

It is not possible to resit the exam.

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

Lectures are delivered in English and correspond to a workload of 8 weeks of lectures at 3.5 hours per week. The total workload of the course is 270 hours and comprises lectures, seminars, independent study, or assignments.

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 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%3A30%3A55IST&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 Natural resource and environmental economics Perman, Roger,, Perman, Roger,, Harlow, Essex ; New York :; Harlow, Essex ; New York :, Pearson Addison Wesley, 2011, isbn:0273760378; 9780273760375, Also available as printed book: 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%3A15%3A53IST&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 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, Article SCIENTIFIC ARTICLES Various authors,
The course description is retrieved from FS (Felles studentsystem). Version 1