Course Outline :Natural Resource Economics and Management
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Date
2021-02-22
Authors
African Economic Research consortium
Journal Title
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Volume Title
Publisher
AERC
Abstract
This course deals with the theory and practice of natural resource economics, teaching techniques to solve key problems in this field. The course will build on economic theory and mathematical tools of optimisation over time introduced in the first year MSc mathematical economics course. Lectures will introduce the subjects and present the mathematics of natural resource economics and management. The course is designed to focus primarily on hands-on applications, rather than textbook theory. The course is designed to suit students with a primary interest in improving the extraction and use of natural and environmental resources over time. Computer lab sessions will be based on guided exercises designed to show students how to construct dynamic simulation and optimization models of various natural resource systems. The aim is to provide the skills required to understand key concepts, be able to construct, solve and interpret results of dynamic resource allocation models. The course will provide examples using case studies primarily from Africa.