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71004-01 - Lecture: Resource Economics (3 CP)

Semester spring semester 2025
Course frequency Every spring sem.
Lecturers Raul Hochuli (raul.hochuli@unibas.ch)
Frank Christian Krysiak (frank.krysiak@unibas.ch, Assessor)
Content In this course, we consider environmental problems where present actions have long-term consequences, as is the case for climate change or for the use of exhaustible resources (oil, natural gas), for the use of many renewable resources (fish, fresh water). We will discuss how to describe the planning problem and how to solve it using numerical approaches. Thereby, we will start with simple problems (exhaustible resources) and move on to more complex ones.

As part of this course, you will work on a small modelling project in a group (details will be specified in the first week of the course). This project will result in an essay that will be the basis for grading your work.

The course consists of lectures and exercise sessions that will mostly alternate; you will receive a schedule (which week we have lectures or exercises) at the start of the term.

In the exercise sessions, you will first work on numerical solutions to resource economic problems and later on be supervised in your project work.
Learning objectives After taking this course, you will be able to analyze intertemporal planning problems in the context of natural resources using both theoretical arguments and numerical planning tools. You will learn how prices of exhaustible resources develop over time, how stock pollutants and renewable resources should be managed, and how policy interventions influence resource use.
Bibliography R. Perman, Y. Ma, J. McGilvray, M. Common and D. Maddison (2011), "Natural Resource and Environmental Economics", 4th edition, Pearson Education.

We recommend (i.e., it is optional but helpful) that you also have a look at Chapters 1,2 and 5 of the open online course "Exploring Possible Futures" (https://tales.nmc.unibas.ch/en/exploring-possible-futures-44/) of the University of Basel, where we discuss the purpose of (numerical) models, basic modeling approaches and how to calibrate numerical models.

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Admission requirements Students should either have passed 10130 (Grundlagen der VWL) or 48981 (Intensive Introduction to Intermediate Economics). If you have done 10130, it is recommended (but not required) to also do Intermediate Microeconomics (10134) before starting Resource Economics.

Students who already have passed the lecture 10160 Environmental and Resource Economics cannot take this course again.
Course application Registration: Please enroll in the Online Services (services.unibas.ch);

Eucor-Students and mobility students of other Swiss Universities or the FHNW first have to register at the University of Basel BEFORE the start of the course and receive their login data by post (e-mail address of the University of Basel). Processing time up to a week! Detailed information can be found here: https://www.unibas.ch/de/Studium/Mobilitaet.html
After successful registration you can enroll for the course in the Online Services (services.unibas.ch).

Applies to everyone: Enrolment = Registration for the course and the exam!
Language of instruction English
Use of digital media No specific media used

 

Interval Weekday Time Room
wöchentlich Monday 16.15-18.00 Wirtschaftswissenschaftliche Fakultät, Grosses PC-Labor S18 HG.37

Dates

Date Time Room
Monday 17.02.2025 16.15-18.00 Wirtschaftswissenschaftliche Fakultät, Grosses PC-Labor S18 HG.37
Monday 24.02.2025 16.15-18.00 Wirtschaftswissenschaftliche Fakultät, Grosses PC-Labor S18 HG.37
Monday 03.03.2025 16.15-18.00 Wirtschaftswissenschaftliche Fakultät, Grosses PC-Labor S18 HG.37
Monday 10.03.2025 16.15-18.00 Fasnachstferien
Monday 17.03.2025 16.15-18.00 Wirtschaftswissenschaftliche Fakultät, Grosses PC-Labor S18 HG.37
Monday 24.03.2025 16.15-18.00 Wirtschaftswissenschaftliche Fakultät, Grosses PC-Labor S18 HG.37
Monday 31.03.2025 16.15-18.00 Wirtschaftswissenschaftliche Fakultät, Grosses PC-Labor S18 HG.37
Monday 07.04.2025 16.15-18.00 Wirtschaftswissenschaftliche Fakultät, Grosses PC-Labor S18 HG.37
Monday 14.04.2025 16.15-18.00 Wirtschaftswissenschaftliche Fakultät, Grosses PC-Labor S18 HG.37
Monday 21.04.2025 16.15-18.00 Ostern
Monday 28.04.2025 16.15-18.00 Wirtschaftswissenschaftliche Fakultät, Grosses PC-Labor S18 HG.37
Monday 05.05.2025 16.15-18.00 Wirtschaftswissenschaftliche Fakultät, Grosses PC-Labor S18 HG.37
Monday 12.05.2025 16.15-18.00 Wirtschaftswissenschaftliche Fakultät, Grosses PC-Labor S18 HG.37
Monday 19.05.2025 16.15-18.00 Wirtschaftswissenschaftliche Fakultät, Grosses PC-Labor S18 HG.37
Monday 26.05.2025 16.15-18.00 Wirtschaftswissenschaftliche Fakultät, Grosses PC-Labor S18 HG.37
Modules Electives Bachelor Business and Economics: Recommendations (Bachelor's degree subject: Business and Economics (Start of studies before 01.08.2021))
Modul: Aufbau Economics (Bachelor's Studies: Business and Economics)
Modul: Wahlbereich in Wirtschaftswissenschaften (Bachelor's degree subject: Business and Economics)
Module: Complementary Knowledge in Economics (Master's Studies: Sustainable Development)
Module: Economics II (Bachelor's Studies: Business and Economics (Start of studies before 01.08.2021))
Specialization Module Global Europe: Environment and Sustainability (Master's Studies: European Global Studies)
Assessment format record of achievement
Assessment details This course will not have a written exam. Instead grading will be based on an essay based on your group project. The essay will have to be handed in at the end of the teaching period.

Assessment registration/deregistration Reg.: course registration, dereg: cancel course registration
Repeat examination no repeat examination
Scale 1-6 0,1
Repeated registration as often as necessary
Responsible faculty Faculty of Business and Economics , studiendekanat-wwz@unibas.ch
Offered by Faculty of Business and Economics

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