156-0556/01 – Natural resource economics (NRE)
Gurantor department | Department of Applied Economics | Credits | 4 |
Subject guarantor | Dr. Stefano Mainardi | Subject version guarantor | Dr. Stefano Mainardi |
Study level | undergraduate or graduate | Requirement | Choice-compulsory |
Year | 1 | Semester | summer |
| | Study language | English |
Year of introduction | 2016/2017 | Year of cancellation | 2019/2020 |
Intended for the faculties | EKF | Intended for study types | Bachelor, Follow-up Master |
Subject aims expressed by acquired skills and competences
Training of students with an interest towards the area of economics of natural resources, who will strengthen their understanding of theoretical and methodological tools and empirical findings, relative to sectors such as agro-forestry, water resource management, mining, fisheries, and issues of environmental protection. This will allow course participants to develop capabilities for their professional involvement in the public or private sector, in the activities concerned.
Teaching methods
Lectures
Seminars
Summary
Compulsory literature:
Harris, J., B. Roach (2014): Environmental and Natural Resource Economics. A Contemporary Approach, Routledge, Oxford.
Recommended literature:
Amundsen, E., T. Bjørndal, J. Conrad (1995): Open Access Harvesting of the Northeast Atlantic Minke Whale, Environmental and Resource Economics, 6(2), 167-185.
Bulte E. (2003): Open Access Harvesting of Wildlife: The Poaching Pit and Conservation of Endangered Species, Agricultural Economics, 28(1), 27-37.
Carlisle, D. (1954): The Economics of a Fund Resource with Particular Reference to Mining, American Economic Review, 44, 595-616.
Coppola, G., S. Pascoe (1998): A Surplus Production Model with a Nonlinear Catch-Effort Relationship, Marine Resource Economics, 13, 37-50.
Devarajan, S., A.C. Fisher (1981): Hotelling’s ‘Economics of Exhautible Resources’: Fifty Years Later, Journal of Economic Literature, 19(1), 65-73.
Fields, B. (2001): Natural Resource Economics. An Introduction, Waveland Press, Illinois.
Fox, W.J. (1970): An Exponential Surplus-Yield Model for Optimising Exploited Fish Populations. Transactions of the American Fisheries Society, 99(1), 80-88.
Gocht, W.R., H. Zandop, R.G. Eggert (1988): International Mineral Economics, Springer Verlag, Berlin.
Hannesson, R. (2008): Sustainability of Fisheries, Electronic Journal of Sustainable Development, 1(2), 13-22.
Hotelling, H. (1931): The Economics of Exhaustible Resources, Journal of Political Economy, 39(2), 137-175.
Johansson, P.O., K.G. Löfgren (1985): The Economics of Forestry and Natural Resources, Blackwell, Oxford.
Kemp, M.C., N.V. Long (Eds.) (1984): Essays in the Economics of Exhaustible Resources, North Holland, Amsterdam.
Klamperer, W.D. (1996): Forest Resource Economics and Finance, McGraw-Hill, Singapore.
Kremer, M., C. Morcom (2000): Elephants, American Economic Review, 90(1), 212-234.
Krishnan, R., J. Harris, N. Goodwin (Eds.) (1995): A Survey of Ecological Economics, Island Press, Washington DC.
Kula, E. (1994): Economics of Natural Resources, the Environment and Policies, Chapman&Hall, London.
Mkenda, A., H. Folmer. (2001): The Maximum Sustainable Yield of Artisanal Fishery in Zanzibar: A Cointegration Approach, Environmental and Resource Economics, 19(4), 311-328.
Way of continuous check of knowledge in the course of semester
E-learning
Other requirements
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Prerequisities
Subject has no prerequisities.
Co-requisities
Subject has no co-requisities.
Subject syllabus:
1. Basic concepts
2. Common property, public goods, and renewable resource use
. Fisheries economics
. Economics of forest conservation
. Sustainable water resource management
3. Mineral scarcity and resource allocation over time
. Geological occurrence and economic feasibility
. Theory of non-renewable resource use
. Mineral supply and demand: analysis and modelling
. Mining investment: terminology and elements of project appraisal
4. Natural resources and environmental accounting
. Natural capital and long-term sustainability
. National income and green accounting
5. Food security, soil erosion and degradation
6. Public choice and environmental externalities
7. Statistical modelling with computer applications on various areas of natural resource economics
Conditions for subject completion
Occurrence in study plans
Occurrence in special blocks
Assessment of instruction
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