156-0556/01 – Natural resource economics (NRE)

Gurantor departmentDepartment of Applied EconomicsCredits4
Subject guarantorDr. Stefano MainardiSubject version guarantorDr. Stefano Mainardi
Study levelundergraduate or graduateRequirementChoice-compulsory
Study languageEnglish
Year of introduction2016/2017Year of cancellation2019/2020
Intended for the facultiesEKFIntended for study typesBachelor, Follow-up Master
Instruction secured by
LoginNameTuitorTeacher giving lectures
MAI0038 Dr. Stefano Mainardi
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Full-time Examination 2+0

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



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


Other requirements



Subject has no prerequisities.


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

Full-time form (validity from: 2016/2017 Winter semester, validity until: 2019/2020 Summer semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of points
Examination Examination 100 (100) 51
        written exam Written test 50  25
        computer-based practical Laboratory work 25  11
        seminar presentation on a specific topic Project 25  15
Mandatory attendence parzicipation:

Show history

Occurrence in study plans

Academic yearProgrammeField of studySpec.ZaměřeníFormStudy language Tut. centreYearWSType of duty
2018/2019 (N6202) Economic Policy and Administration (6202T027) National Economy P Czech Ostrava 1 Choice-compulsory study plan
2018/2019 (N6202) Economic Policy and Administration (6202T027) National Economy P English Ostrava 1 Choice-compulsory study plan
2017/2018 (N6202) Economic Policy and Administration (6202T027) National Economy P Czech Ostrava 1 Choice-compulsory study plan
2017/2018 (N6202) Economic Policy and Administration (6202T027) National Economy P English Ostrava 1 Choice-compulsory study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner
Incoming students - master study 2018/2019 Full-time English Choice-compulsory 163 - International Office stu. block
Incoming Students 2017/2018 Full-time English Choice-compulsory 163 - International Office stu. block