290069 Applied Regulation of Natural Resources

Details
Responsible DepartmentInstitute of Food and Resource Economics

Earliest Possible YearMSc. 1 year to MSc. 2 year
DurationOne block
 
Credits7.5 (ECTS)
 
Level of CourseMSc
 
ExaminationFinal Examination

written examination

Practical Examination


All aids allowed

Description of Examination: Term paper. Afløsningsopgave.

Weight: 100%



7-point scale, internal examiner
 
Requirement for Attending ExamPresentation of two distributed research articles.
 
Block PlacementBlock 4
Week Structure: C
 
Language of InstructionEnglish
 
Optional Prerequisites290024 
 
RestrictionsNone
 
Course Content
The course is best to follow after completing the course in Natural Resource Economics. It focuses on the economic perspective of practical regulation of natural resources with fisheries and water use as case studies. The aim is to provide an overview over policy relevant regulatory issues. The two cases are analysed, applying a wide range of bio-economic and microeconomic methods. The examination is based on the theory of regulation and the students will learn to apply theory to practical case studies. Because of considerable differences in the practical regulation, the two cases are treated separately. Therefore, the course plan contains three parts:

1. The economic theory of regulation (33%)

The subjects include:

1. Why does inefficiency occur (market failures) and how is it ideally meet?
2. Introduction to bio-economic modelling
3. Discussion of biological and economic optimal selection of regulatory instruments.

2. Water use (33%)

The subjects include:

1. Supply
Theories of natural monopolies
Capacity and quotas
Quality aspects
Supply and asymmetric information

2. Demand
Economic optimal water use and regulation
Regulation of groundwater extraction
Regulation of river extraction
Water extraction and point pollution
Water extraction and non-point pollution
Valuation of water demand

3. Others
Water demand and supply in developing countries
International water conflicts

3. Fisheries (33%)

The subjects include:

1. Supply
Management of capacity and overcapacity
Regulation with productivity and technological change
Designing management systems in practice
Global, regional and local management (the EU Common Fisheries Policy)
Multi-species and eco-system management

2. Demand
Fish markets.
Price formation on fish products
Labelling and certification
Trade barriers including tariff and non-tariff barriers on fish and liberalisation

3. Other
Aquaculture
Recreational fisheries
Fisheries versus other sea activities
Fisheries in developing countries

 
Teaching and learning Methods
Traditional lectures and oral presentation by students.
 
Learning Outcome
The aim of the course is to equip the students with tools which will enable them to understand and analyse the practical implications of various types of management measures.

After completing the course the student should be able to:

Knowledge:

1. Display an overview of the analytic methodologies applied within environmental and natural resource economics.
2. Refer to major environmental management issues and discussions.

Skills:

1. Discuss alternative recommendations regarding environmental and natural resource issues.
2. Communicate with specialists concerning issues within environmental and natural resource economics.

Competences:

1. Propose solutions to environmental and natural resource policy problems based on a solid theoretical foundation.
2. Enter into scientific discussions within the area of environmental and natural resource economics.
3. Integrate new scientific findings into existent research activities.



 
Course Literature
The course introduction will be based on textbooks. However, the focus is on a wide range of journal articles, research reports and research papers. Possible literature in the course includes:

Ambec, S. and Spurmont (2002): Sharing a River

Becker, N., Zeitouni, N. and Zilberman, D. (2001): Issues in the Economics of Water Resource.

Hellegers, P., Zilberman, D. and van Ireland, E.(2001): Dynamics of Agricultural Groundwater Extraction.

More material will be added and the exact literature will be determined at a later stage.

 
Course Coordinator
Frank Jensen, fje@foi.dk, Institute of Food and Resource Economics/Unit of Environmental and Natural Resource Economi, Phone: 353-36898
Max Nielsen, max@foi.dk, Institute of Food and Resource Economics/Unit of Environmental and Natural Resource Economi, Phone: 353-36894
 
Study Board
Study Committee NSN
 
Work Load
lectures52
theoretical exercises50
preparation100
examination4

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