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	Demougin, Dominique, Prof., Ph.D. (PROF \| DEPT: WIW)
Lecturers	Demougin, Dominique, Prof., Ph.D. (PROF \| DEPT: WIW)
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.

From [WIW-RE-RE-K-7] Resource Economics:

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