- Docente: Rainer Andergassen
- Credits: 12
- SSD: SECS-P/01
- Language: English
- Moduli: Alessandro Tavoni (Modulo 1) Rainer Andergassen (Modulo 2)
- Teaching Mode: Traditional lectures (Modulo 1) Traditional lectures (Modulo 2)
- Campus: Rimini
- Corso: Second cycle degree programme (LM) in Resource Economics and Sustainable Development (cod. 8839)
Learning outcomes
The course aims at providing the students with the tools to understand issues related to the economics of natural resources and its relationship with economic sustainability. In particular, students will learn how to use and interpret models of forestry, fisheries, pollutant emissions, resource extraction and harvesting. They will also be able to assess the sustainability of economic systems if the individuals' welfare depends on the creation and harvesting of renewable resources as well as on the extraction of non-renewable resources.
Course contents
Part 1
A Primer in Behavioral Economics
1) Decision-Making Under Certainty
2) Decision-Making Under Risk and Uncertainty
3) Strategic Interaction
4) Game Theory
Applications to Environmental Problems
5) Class Experiments
6) Cooperation in the local commons
7) International Environmental Agreements
8) Climate Negotiations Games
Part 2 (Prof. Andergassen)
Environmental pollution
1) Trade and environment: classical theorems and environmental resources
Natural resource exploitation
2) Efficient and optimal use of natural resources
3) Optimal Resource Extraction: non-renewable resource
4) Stock Pollution Problems
5) Renewable resources
Readings/Bibliography
A Course in Behavioral Economics, by Erik Angner (Palgrave Macmillan, 2012).
R. Perman, Y. Ma, M. Common, D. Maddison, J. McGilvray, Natural Resource and Environmental Economics , Addison Wesley (Pearson), 4th edition.
Teaching methods
Traditional lectures.
Assessment methods
Assessment methods consist of presentations and assignments and a final exam.
Final exam
The exam will be online only using the platforms eo.unibo.it and zoom. Zoom will be used for identifying and monitoring students. Please prepare a valid ID before logging into the exam and log in on eol and zoom at least 15 before the start of the exam.
The webcam (PC’s or laptop’s should be fine) should, during the exam, frame the student, the desk and part of the room. It is recommended to make some tests before sitting the exam.
To access the online exam sheet you will need a password that will be provided at the beginning of the tests using the chat on zoom.
The written test will consist of 4 open questions. Answers will have to be handwritten with pen and paper, photographed and uploaded on EOL.unibo.it within the allotted time of 50 minutes. Missing to upload an answer corresponds to not answering the question. It is not possible to upload questions after the deadline or send answers via e-mail after the exam.
During the exam, if a student’s internet gets disconnected, the written test will be transformed into an oral (online) exam, time, date and platform (Zoom or Teams) of which will be defined at a later stage.
IMPORTANT: extra points for the project in Prof. Tavoni’s part are valid either for the exam on June 1st, or on June 16th 2021, not for both. Thus, if you take the exam on June 1st, extra point will not be valid for June 16th, should you decide to retake the exam.
Grading is as following:
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<18 fail
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18-23 sufficient
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24-27 good
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28-30 very good
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30L excellent
Teaching tools
https://elearning-cds.unibo.it/course/view.php?id=8967
Office hours
See the website of Rainer Andergassen
See the website of Alessandro Tavoni
SDGs
This teaching activity contributes to the achievement of the Sustainable Development Goals of the UN 2030 Agenda.