Natural Resource Economics
A.Y. 2024/2025
Learning objectives
This course aims to provide students with the tools necessary for an economic problem analysis of natural resources. In the first phase the conceptual reference framework is presented. In the second phase different issues related to specific natural resources (air, soil, water, and biodiversity) are dealt with under both the regulatory and the evaluative profile.
The contents of course allow students to get aware of the public point of view of common goods safeguard and management, and - together with the courses of Environmental Law and Law of territorial government and public contracts - will lie down the economic and legal framework for design and coordinate interventions of protection and enhancement of environment and territory.
The contents of course allow students to get aware of the public point of view of common goods safeguard and management, and - together with the courses of Environmental Law and Law of territorial government and public contracts - will lie down the economic and legal framework for design and coordinate interventions of protection and enhancement of environment and territory.
Expected learning outcomes
Knowledge and understanding. With this teaching the student:
o knows and understands the economic mechanisms that regulate the use of natural resources;
Applying knowledge and understanding. With this teaching the student will be able to:
o apply assessment tools useful for making rational choices;
o critically evaluate and judge natural resource economic issues;
o draw up written reports.
o knows and understands the economic mechanisms that regulate the use of natural resources;
Applying knowledge and understanding. With this teaching the student will be able to:
o apply assessment tools useful for making rational choices;
o critically evaluate and judge natural resource economic issues;
o draw up written reports.
Lesson period: First semester
Single course
This course cannot be attended as a single course. Please check our list of single courses to find the ones available for enrolment.
Course syllabus and organization
Single session
Responsible
Lesson period
First semester
Course syllabus
ECTS n.1. Introduction to natural resource and environmental economics. The role of natural resources in the economic system.
ECTS n.2. Market goods and environmental goods. Environmental goods and resources allocation. The failure of the market.
ECTS n.3. Static and dynamic efficiency. Economic analysis of investments with inclusion of environmental effects. Cost-benefit analysis basis.
ECTS n.4. The value of the environment. Methods for evaluating environmental assets.
ECTS n.5-6. Economic analysis of natural resources. renewable and non-renewable resources. Models for using renewable and non-renewable resources (soil, energy, water, biodiversity, waste). Economic control of the environment: market incentives. Taxes, permits, standards.
ECTS n.2. Market goods and environmental goods. Environmental goods and resources allocation. The failure of the market.
ECTS n.3. Static and dynamic efficiency. Economic analysis of investments with inclusion of environmental effects. Cost-benefit analysis basis.
ECTS n.4. The value of the environment. Methods for evaluating environmental assets.
ECTS n.5-6. Economic analysis of natural resources. renewable and non-renewable resources. Models for using renewable and non-renewable resources (soil, energy, water, biodiversity, waste). Economic control of the environment: market incentives. Taxes, permits, standards.
Prerequisites for admission
Microeconomics basis.
Teaching methods
The course includes lectures, seminars, workshops for 6 ECTS. Attendance is not compulsory but strongly recommended. The non-attending students can't participate at workshops.)
Teaching Resources
The teaching material is available on MyAriel platform (slides, case studies, in-depth articles, suggested text books). No differences between attending and non-attending students.
Assessment methods and Criteria
Written test at the end of the course.
The expected duration for the test is 2 hours.
Evaluation criteria are the ability to frame in rational terms a problem that affects the management of natural resources, the clarity of presentation, the property of language, the rigor of the analyzes. No differences between attending and non-attending students.
Are expected: - Two exam sessions at the end of the course (January, February) - An exam session during the ongoing tests (April, November) - An exam session in June, July.
Students with SLD or disability certifications are kindly requested to contact the teacher at least 15 days before the date of the exam session to agree on individual exam requirements. In the email please make sure to add in cc the competent offices: [email protected] (for students with SLD) o [email protected] (for students with disability)
The expected duration for the test is 2 hours.
Evaluation criteria are the ability to frame in rational terms a problem that affects the management of natural resources, the clarity of presentation, the property of language, the rigor of the analyzes. No differences between attending and non-attending students.
Are expected: - Two exam sessions at the end of the course (January, February) - An exam session during the ongoing tests (April, November) - An exam session in June, July.
Students with SLD or disability certifications are kindly requested to contact the teacher at least 15 days before the date of the exam session to agree on individual exam requirements. In the email please make sure to add in cc the competent offices: [email protected] (for students with SLD) o [email protected] (for students with disability)
AGR/01 - AGRICULTURAL ECONOMICS AND RURAL APPRAISAL - University credits: 6
Lessons: 48 hours