| Institute of Food and Resource Economics | |||||||||||||
| Earliest Possible Year | MSc. 1 year to MSc. 2 year | ||||||||||||
| Duration | One block | ||||||||||||
| Credits | 7.5 (ECTS) | ||||||||||||
| Course Level | MSc | ||||||||||||
| Examination | Final Examination written examination Written Exam in Lecturehall All aids allowed Description of Examination: 4-hours written exam in curriculum Weight: Written exam: 100% 13-point scale, external examiner Dates of Exam: 25 January 2007 | ||||||||||||
| Organisation of Teaching | Lectures and theoretical exercises | ||||||||||||
| Block Placement | Block 2 Week Structure: A | ||||||||||||
| Teaching Language | English | ||||||||||||
| Optional Prerequisites | 290037 Welfare Economics and Policy Analysis 290013 Environmental and Natural Resource Economics 290042 Applied Econometrics for Environmental, Agricultural and Food Economists | ||||||||||||
| 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: Ability to apply 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 utilization. | |||||||||||||
| Course Contents | |||||||||||||
| Core components of the course are: (a) Value concepts and welfare measures; (b) Markets, general equilibrium and Pareto optimality; (c) Social welfare functions; (d) Revealed and stated preference methods for valuation, including: Production Function Approaches, Travel Cost Methods, Hedonic Value Methods, Contingent Valuation Method and Choice Modelling; (e) Aggregation of values across time (discounting); (f) Cost-benefit analysis. | |||||||||||||
| Teaching And Learning Methods | |||||||||||||
| Teaching is in the form of lectures and exercises. | |||||||||||||
| Course Litterature | |||||||||||||
| Bateman, Ian J. et al.: Economic Valuation with Stated Preference Techniques: A Manual, Edward Elgar, 2002 Freeman, A. M.: The Measurement of Environmental and Resource Values, 2nd Edition, Resources for the Future, 2003. Johansson, P.-O.: Cost-benefit analysis of environmental change, Cambridge University Press, 1993. Layard, R. & Glaister, S. (Eds.) (1994): Cost-Benefit Analysis, Cambridge University Press. Pearce, David, Ben Groom, Cameron Hepburn & Phoebe Koundouri: Valuing the Future. Recent advances in social discounting, World Economics, Vol. 4, No. 2 April-June 2003: pp 121-141. | |||||||||||||
| Course Coordinator | |||||||||||||
| Alex Dubgaard, adu@life.ku.dk, Institute of Food and Resource Economics/Environmental Economics and Rural Development Div., Phone: 35332280 Jonas Nordström, jno@life.ku.dk, Institute of Food and Resource Economics/Consumption, Health and Ethics Division, Phone: 35336861 | |||||||||||||
| Study Board | |||||||||||||
| Study Committee NSN | |||||||||||||
| Course Scope | |||||||||||||
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