Academic Year 2018/2019
- 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
Written test consisting of open questions
Presentations and assignments
Details will be provided at the beginning of lectures.
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.