| Responsible Department | Institute of Food and Resource Economics | ||||||||||||||
| Earliest Possible Year | MSc. 1 year to MSc. 2 year | ||||||||||||||
| Duration | One block | ||||||||||||||
| Credits | 7.5 (ECTS) | ||||||||||||||
| Level of Course | MSc | ||||||||||||||
| Examination | Final Examination written examination Practical Examination All aids allowed Description of Examination: Term paper. Afløsningsopgave. Weight: 100% 7-point scale, internal examiner | ||||||||||||||
| Requirement for Attending Exam | Presentation of two distributed research articles. | ||||||||||||||
| Block Placement | Block 4 Week Structure: C | ||||||||||||||
| Language of Instruction | English | ||||||||||||||
| Optional Prerequisites | 290024 | ||||||||||||||
| Restrictions | None | ||||||||||||||
| 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 | |||||||||||||||
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