course-details-portlet

SØK1101

Environmental and Resource Economics

Choose study year
Credits 7.5
Level Second degree level
Course start Spring 2025
Duration 1 semester
Language of instruction English
Location Trondheim
Examination arrangement School exam

About

About the course

Course content

This course gives an introduction to environmental and resource economics. Emphasis is put on how economic theories can be used to discuss environmental issues and problems, e.g.: How to assess economic goals and needs between generations? What is sustainable development? What do we mean by efficient utilisation of the environment? Environmental regulation – why and how? Optimal pollution control - when and how? The course covers economical analysis and methods for environmental accounting, the theory on optimal management and use of renewable and non-renewable natural resources, valuation of the environment, and international environmental problems and agreements.

Learning outcome

Knowledge

You learn

  • simple models of the relationship between economic activity and the environment
  • how to determine the optimal level of pollution and the optimal use of a natural resource from an economic point of view
  • how various policies, such as taxes, subsidies, and quotas, can be used to realize the optimal solution when markets fail
  • about policies related to exhaustion of non-renewable resources and overutilization of renewable resources, common pool problems and sustainability concepts

Skills

You should be able to

  • use microeconomic models to analyze environmental and resource economic issues, for instance the impact of imposing emission taxes on polluting firms, CO2 quotas and economic efficiency, and the impact of direct and indirect regulations on the economic surplus and harvest in a fishery

General competence

You should be able to

  • follow economic reasoning related to the course in the public debate and professional reports

Learning methods and activities

2 hours of lectures every week and 2 hours of practical assignments every other week. The course has compulsory activity. Specific requirements will be announced at the beginning of the semester.

Compulsory assignments

  • Approved term paper(s)/exercise(s)

Further on evaluation

Compulsory activity must be completed in the semester the course is taught. The approval also applies to later semesters.

Required previous knowledge

None

Course materials

Announced at the beginning of the term.

Credit reductions

Course code Reduction From
SVSØ001 7.5 sp
This course has academic overlap with the course in the table above. If you take overlapping courses, you will receive a credit reduction in the course where you have the lowest grade. If the grades are the same, the reduction will be applied to the course completed most recently.

Subject areas

  • Industrial Ecology
  • Economics
  • Social Sciences
  • Technological subjects

Contact information

Course coordinator

Department with academic responsibility

Department of Economics