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.
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
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 |