Study Guide

Objective

The student:
- has a deep understanding of the importance of natural resources for human welfare as well as why sustainable use of natural resources is necessary for economic growth and welfare
- understands the role of market mechanisms in resource allocation and how market failures affects environmental quality and human welfare,
- can apply, within his/her own field, economic reasoning in analysis of environmental problems as well as efficient resource allocation and how these problems can be solved by implementation market-based and administrative instruments,
- is familiar with methods evaluating social net benefits of environmental protection as well as cost efficiency and what sorts of methods are used for economic valuation of environmental benefits
- understands importance of EU:s and national policies and strategies to promote efficient resource allocation and sustainable development,

Content

To get acquainted with the recent most theories concerning bioeconomy, practical assignments.

Qualifications

No previous knowledge requirements

Assessment criteria, satisfactory (1)

50-60% or 60-70% of the maximum number of credits in the assignments earned, respectively.

Assessment criteria, good (3)

70-80% or 80-90% of the maximum number of credits in the assignments earned, respectively.

Assessment criteria, excellent (5)

90-100% of the maximum number of credits in the assignments earned.

Materials

Recommended literature: Tietenberg, T., Lewis, L.: Environmental & Natural Resource Economics. Pearson Education Ltd. (10th or 9th Edition).
Other sources: given in Moodle.