Module Handbook

  • Dynamischer Default-Fachbereich geändert auf WIW

Module WIW-RE-RE-M-7

Resource Economics (M, 4.5 LP)

Module Identification

Module Number Module Name CP (Effort)
WIW-RE-RE-M-7 Resource Economics 4.5 CP (135 h)

Basedata

CP, Effort 4.5 CP = 135 h
Position of the semester 1 Sem. in WiSe
Level [7] Master (Advanced)
Language [EN] English
Module Manager
Lecturers
Area of study [WIW-RE] Resource and Energy Economics
Reference course of study [WIW-88.21-SG] M.Sc. Business Studies
Livecycle-State [NORM] Active

Courses

Type/SWS Course Number Title Choice in
Module-Part
Presence-Time /
Self-Study
SL SL is
required for exa.
PL CP Sem.
3V WIW-RE-RE-K-7
Resource Economics
P 45 h 90 h - - PL1 4.5 WiSe
  • About [WIW-RE-RE-K-7]: Title: "Resource Economics"; Presence-Time: 45 h; Self-Study: 90 h

Examination achievement PL1

  • Form of examination: written exam (Klausur) (90 Min.)
  • Examination Frequency: each semester

Evaluation of grades

The grade of the module examination is also the module grade.


Contents

We will analyze the depletion of non-renewable and renewable resources by the means of microeconomic models. For example, we will compare optimal growth-paths of non-renewable resources with suboptimal paths under missing property rights. Dynamic optimization will be an essential tool in this course.

Competencies / intended learning achievements

Students will
  • Learn how to analyze policies regarding resources based on economic grounds
  • Assess actual resource policies
  • Deduct reasons for market failure and their correction
  • Analyze problems of markets for resources based on intertemporal optimization
  • Analyze problems of markets for resources based on formal microeconomic modelling

Literature

  • Textbook: Perman, Ma, McGilvray, Common: “Natural Resource and Environmental Economics”, Third or Fourth Edition, Pearson Education
  • Examples & Solutions
  • Slides

Requirements for attendance (informal)

None

Requirements for attendance (formal)

None

References to Module / Module Number [WIW-RE-RE-M-7]

Course of Study Section Choice/Obligation
[SO-88A.646-SG] M.A. Integrative Social Science Schwerpunkt Wirtschaft, Organisation, Gesellschaft [WP] Compulsory Elective
[SO-88A.646-SG] M.A. Integrative Social Science Schwerpunkt Soziologie [WP] Compulsory Elective
[SO-88A.646-SG] M.A. Integrative Social Science M.A. Integrative Sozialwissenschaft (alt) [WP] Compulsory Elective
[SO-88A.646-SG] M.A. Integrative Social Science M.A. Integrative Sozialwissenschaft (alt) [WP] Compulsory Elective
[SO-88A.646-SG] M.A. Integrative Social Science Schwerpunkt Politik, Wirtschaft, Ethik [WP] Compulsory Elective
[SO-88A.646-SG] M.A. Integrative Social Science M.A. Integrative Sozialwissenschaft (ab WS 20/21) [WP] Compulsory Elective
Module-Pool Name
[WIW-EIE-MPOOL-7] Field of Specialization: Environmental and Industrial Economics
[WIW-RE-MPOOL-7] Field of Specialization: Environment, Resources, Energy: Economics and Policy