Environmental and Natural Resource Economics

The course covers the following:

• Market failures and various economic concepts of efficiency
• Public sector tools for addressing market failures such as negative externalities in the form of environmental problems
• Cost-benefit analysis and the significance of the discount rate for monetary valuation
• The energy sector
• Global issues such as sustainable development, climate change, energy, demography, poverty, and economic growth
• Biodiversity and monetary valuation of life, health, environment, and natural resources
• Valuation of renewable and non-renewable resources
• Moral philosophy and ethics applied to environmental issues and sustainable development

The course concludes with students presenting, in writing and in seminar form as a group, an economic analysis of an environmental and/or sustainability-related development problem.

Progressive specialisation: G1F (has less than 60 credits in first‐cycle course/s as entry requirements)

Education level: Undergraduate level

Admission requirements: Economics 52.5 ECTS credits, or equivalent.

Selection: Selection is usually based on your grade point average from upper secondary school or the number of credit points from previous university studies, or both.

This course is included in the following programme

• Programme in Business and Economics (studied during year 3)
• Master Programme in Economics: Master (studied during year 1)