Università degli Studi RomaTreScuola di Economia
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Natural Resources Economics (l.m.)

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The course covers a wide range natural resource allocation problems. It introduces students to the principles, reasoning, and techniques required to set-up and solve these allocation problemsThe first part of the course is devoted to learning the basic principles and tools required to analyze natural resource management problems. These tools are then applied to renewable resources, exhaustible resources, water, conservation planning, and other contemporary problems. The second part consists of several case studies of contemporary renewable and non-renewable natural resource problems. Normative implications are drawn from the analysis and actual economic policy instruments are analysed.

Il corso si svolge nel II semestre (dal 25/2/2019 al 31/5/2019)

Docenti: Luca Salvatici (docente titolare)

Crediti: 9

Numero moduli: 1

Date di esame


The course is organized in 3 sections: (1) Analytical techniques and modeling, (2) Principles of natural resource economics and policy, (3) Case studies and special topics. Subtopics within each section are listed below: 1. Modeling, definitions • Basic concepts • Solving numerical allocation problems • Optimal control theory • Phase diagrams 2. Natural resource allocation • Fundamentals of non-renewable resource economics • Non-renewable resources and stock pollutants: dynamics and regulation • Fundamentals of renewable resource economics: maximum sustainable yield, property rights allocation • Fisheries and forests: optimal harvesting, stock recovery, and assessing extinction risk • Decision making under uncertainty and option value 3. Case studies and special topics • The case studies will change from year to year depending on current issues and on student interest.

[ ultimo aggiornamento 21/9/2017 ]


Required Readings Jon M. Conrad, Resource Economics, 2nd Edition 2010, Cambridge University Press, Paperback ISBN: 9780521697675: 300 pages, 31 b/w illus. 1 map 49 tables 20 exercises Chapters: 1 – 3 – 4 – 5 Other References English: C.W. Clark, Mathematical Bioeconomics. The Optimal Management of Renewable Resources, John Wiley & Sons, 1990 (advanced) Michael R. Caputo, Foundations of Dynamic Economic Analysis, Cambridge University Press, 2005 (mathematical background)

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