77912 - Sustainable Resource Economics and Policy

Course Unit Page


This teaching activity contributes to the achievement of the Sustainable Development Goals of the UN 2030 Agenda.

Decent work and economic growth Responsible consumption and production Climate Action

Academic Year 2018/2019

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


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

Written test consisting of open questions

Presentations and assignments

Details will be provided at the beginning of lectures.

Teaching tools


Office hours

See the website of Rainer Andergassen

See the website of Alessandro Tavoni