Uusi opinto-opas (sisältäen myös opetusohjelmat) lukuvuodelle 2018-2019 sijaitsee osoitteessa https://opas.peppi.utu.fi . Tältä sivustolta löytyvät enää vanhat opinto-oppaat ja opetusohjelmat.

The new study guide (incl. teaching schedules) for academic year 2018-2019 can be found at https://studyguide.utu.fi. This site contains only previous years' guides.

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Arkistoitu opetussuunnitelma 2014–2016
Selaamasi opetussuunnitelma ei ole enää voimassa. Tarkista tiedot voimassa olevasta opetussuunnitelmasta.
KT042110 KT8 Environmental and Natural Resource Economics 6 op
Organised by
Person in charge
Moriah Bostian
Planned organizing times
Period(s) I II III IV
2014–2015 X

Learning outcomes

The objectives of this course are for you to:

Apply economic theory to contemporary environmental and natural resource problems.
Become familiar with the different approaches to valuing the environment and natural
Apply dynamic optimization techniques to determine efficient resource use over time.
Use economic theory to evaluate environmental and natural resource policy.


This course will explore the role of public and private institutions in determining environmental outcomes and allocating scarce natural resources. We will begin with an introduction to the key economic principles related to common-pool resources and externalities to explain the environmental effects of human behavior. We will review the various economic methods for valuing non-marketed environmental outcomes, and the application of these valuation methods to benefit-cost analysis. Then we will use economic theory to evaluate policies to address environmental problems, focussing on pollution and climate change.

In the second half of the course, we will turn to the problem of resource use over time. This introduces the concept of Dynamic Efficiency, or optimal resource use over time. We will then apply Dynamic Efficiency methods to specific natural resources and environmental problems, including renewable and non-renewable energy sources, water and forest resources, and fisheries.

Throughout the course, we will focus on EU and North American case studies.

Teaching methods

Teaching method Contact Online
Lectures 24 h 0 h

In the spring term, lectures "Environmental and Natural Resource Economics" 24 h, 4 h/week, in English (lecturer: Moriah Bostian)

Modes of study

Option 1
Available for:
  • Degree Programme Students
  • Other Students
  • Doctoral Students
  • Exchange Students
Written exam
  • In English
Participation in classroom work
  • In English

The final grade in this course will be determined as follows:

Problem Sets 20%
Midterm Exam 40%
Final Exam 40%


Numeric 0-5.

Recommended year of study

2. year spring
3. year spring

Ei opetustarjonnassa 2015-16.

Study materials

Tom Tietenberg and Lynne Lewis (2012). Environmental and Natural Resource Economics, 9th Edition.

Supplementary readings will be assigned in class.

Further information

Student who has passed the course KT9 Economics of the environment, is not allowed to participate.
Attendance is restricted to 60 students. TSE students majoring in Economics are given priority.

Belongs to following study modules

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Archived Teaching Schedule. Please refer to current Teaching Shedule.
Implementation details are unavailable.
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