| Institute of Food and Resource Economics | |||||||||||||||||
| Earliest Possible Year | MSc. 1 year | ||||||||||||||||
| Duration | One block | ||||||||||||||||
| Credits | 15 (ECTS) | ||||||||||||||||
| Course Level | MSc | ||||||||||||||||
| Examination | Final Examination written examination Written Exam in Lecturehall All aids allowed Description of Examination: Evaluation of project report plus 4-hours written examination in curriculum. Weight: Project report 50% Written examination 50% 13-point scale, external examiner Dates of Exam: 28 January 2006 | ||||||||||||||||
| Organisation of Teaching | Lectures and practicals | ||||||||||||||||
| Block Placement | Block 2 Week Structure: A Block 2 Week Structure: C | ||||||||||||||||
| Teaching Language | English | ||||||||||||||||
| Optional Prerequisites | Welfare Economics and Policy Analysis Environmental and Natural Resource Economics | ||||||||||||||||
| Areas of Competence the Course Will Address | |||||||||||||||||
| Competences obtained within basic science: In-depth knowledge of the welfare economics foundation for economic valuation methods and environmental cost-benefit analysis. Understanding of other economic theories relevant for project and policy appraisal. Ability to evaluate the validity and limitations of the economic theories addressed. Competences obtained within applied science: Application of statistical methods and other analytical techniques to economic valuation and project appraisal problems. Competences obtained within Ethics & Values: Awareness of the value and weighing concepts of neoclassical welfare economics compared to other ethical theories of value. | |||||||||||||||||
| Course Objectives | |||||||||||||||||
| It is the aim to provide the participants with the theoretical and methodological instruments required to conduct policy and project appraisals - within the sphere of environmental protection and natural resource conservation. | |||||||||||||||||
| Course Contents | |||||||||||||||||
| Core components of the course are: (a) Value concepts and welfare measures; (b) Ethical theory of value and weighing (the nature and structure of good); (c) Markets, general equilibrium and Pareto optimality; (d) Social welfare functions; (e) Revealed and stated preference methods for valuation, including: Production Function Approaches, Travel Cost and Random Utility Methods, Hedonic Value Methods, Contingent Valuation Method, and Choice Experiments; (f) Aggregation of values across time (discounting); (g) Application of cost-benefit analysis; (h) Survey of other project appraisal methods. | |||||||||||||||||
| Teaching And Learning Methods | |||||||||||||||||
| Teaching is in the form of lectures and tutoring in relation to project work and exercises. Project work is conducted in groups of up to 4 participants. Projects are based on the analysis of subjects/cases chosen by students in collaboration with the teacher. Each group will present its findings during the course. | |||||||||||||||||
| Course Litterature | |||||||||||||||||
| Freeman, A. M.: The Measurement of Environmental and Resource Values.2nd Edition, Resources for the Future, 2003. Broome, J. (1999): Ethics Out of Economics, Cambridge University Press. Garrod, G. & Willis, K.G.: Economic Valuation of the Environment: Methods and Case Studies, Edward Elgar Publishing, 1999. Hanley, N. Mourato, S. and R. E. Wright (2001): Choice Modelling Approaches: A Superior Alternative for Environmental Valuation?, Journal of Economic Surveys, Vol. 15 (3), pp 435-462. Ben-Akiva, M. and S. R. Lerman: Discrete Choice Analysis, The Massachusetts Institute of Technology, 1985. Palmquist, R.B.: Hedonic Models, in J. C.J.M. van den Bergh (Ed.): Handbook of Environmental and Resource Economics, Edward Elgar Publishing, 1999. Johansson, P.-O.: Cost-benefit analysis of environmental change, Cambridge University Press, 1993. Layard, R. & Glaister, S. (Eds.): Cost-Benefit Analysis, Cambridge University Press, 1994. | |||||||||||||||||
| Course Coordinator | |||||||||||||||||
| Alex Dubgaard, adu@life.ku.dk, Institute of Food and Resource Economics/Environmental Economics and Rural Development Div., Phone: 35332280 | |||||||||||||||||
| Study Board | |||||||||||||||||
| Study Committee NSN | |||||||||||||||||
| Course Scope | |||||||||||||||||
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