BB91: Cost-Benefit Analysis in Natural Resource Policy (4.5 ECTS)

STADS: 0408741

Level


Teaching period

Springsemester

Teacher responsible
Email: nv@sam.sdu.dk

Additional teachers
er@sam.sdu.dk

Timetable
Show entire timetable
Show personal time table for this course.

Prerequisites:
None

Academic preconditions:
Bachelor Degree in Biology and the course: An introduction to Natural Resource Economics and Management.

Course introduction
The objective of this course is to develop an understanding of theoretical and practical options for implementation of economic based management of natural resources. Methods for evaluation of political strategies and social priorities are introduced in particularly cost-benefit analysis and economic evaluation methods of natural resources. The aim is that the students can handle the techniques at an elementary level at the end of the course.

Expected learning outcome
At the end of the course it is expected that the student can:

• evaluate the advantages and disadvantages of different environmental management options,
• evaluate how natural resource policies and treaties influence the supply and demand of natural goods and services to society.
• Independently draw up and adapt the cost-benefit techniques at an elementary level for practical evaluation of natural resource management. This including competency in non-market valuation techniques of non-market resource and environmental goods and services (travel cost method, contingent valuation etc.)

Subject overview
Theoretical and methodological approach to the management of natural resources. The course consists of 5 themes:

1. Management options and their practical implementation i.e. taxes, standards, quantitative regulations, mediation, property rights allocation are analysed
2. Introduction to the international Convention on the Law of the Sea and other international agreements guiding the exploitation and use of the Ocean
3. Practical issues in using Cost-Benefit Analysis to evaluate natural resource policies
4. Different methods to valuate non-market goods, e.g. natural resources like the marine resources
5. Application of the valuation of non-market goods in Cost-Benefit Analysis

Literature

• Barry C. Fields: Natural Resource Economics – An Introduction, Latest International edition, McGraw-Hill Higher Education.
• J.A.Sinden & D.J. Thampapillai: Introduction to Benefit-Cost Analysis, 1995. Longman Australia.
• Lecture notes, hand-outs and articles.
  Further readings must be anticipated
  Supplement reading:
• World bank, Operations Policy Department. 1998. Handbook on Economic Analysis of Investment Operations. Available online at Worldbank.org.

Syllabus
See syllabus.

Website
This course uses e-learn (blackboard).

Prerequisites for participating in the exam
None

Assessment and marking:
Group term paper and individual oral examination. External censor. Danish 7-point scale grading. A term paper forms the basis for the individual oral examination

Expected working hours
The teaching method is based on three phase model.

Forelæsninger, antal timer 20. Eksaminatorietimer/opgaveregning, antal timer 1 time per studerende. Laboratorieøvelser, antal timer 25.

Øvrige bemærkninger til undervisningsformen: ”Laboratorieøvelser” omfatter for dette fag ”skills training” i udarbejdelse af cost-benefit analyser, herunder EDB-øvelser.
Educational activities

Language
This course is taught in English.

Remarks
It is possible to obtain dispensation from the prerequisite demand for the basic course in Biological, Physical and Chemical Oceanography at University of Kiel for the first 3 years. Considerable preparation in order to reach the level in the course should be expected.

Course enrollment
See deadline of enrolment.

Tuition fees for single courses
See fees for single courses.