Syllabus/achievement requirements

@ = available online

Lecture slides and blackboard content will constitute the main lecture material. In addition, see the syllabus below.


Karp, L. Natural Rescources as Capital, 2017. ISBN: ISBN: 9780262534055. See Canvas for more information.

Perman, R., Ma, Y., Gilvray, J. Mc. and Common, M. Natural Resource and Environmental Economics, 2003. Harlow: Pearson. ISBN: 9780273655596, third edition. 

@ Karp, L. and Traeger, C. Dynamic Methods in Environmental and Resource Economics, 2013. See Canvas for more information.

Articles available online

@ Costello, C., Gaines, S.D. and and Lynham, J. Can Catch Shares Prevent Fisheries Collapse, 2008. Science 321(5896): 1678-1681. DOI: 10.1126/science.1159478

@ Dasgupta, P. and Maler, K.G. The Economics of Non-Convex Ecosystems: Introduction, 2003. Environmental and Resource Economics 26(4): 499–525. DOI: 10.1023/B:EARE.0000007347.37345.55.

@ Golosov, M., Hassler, J., Krusell, P. and Tsyvinski, A. Optimal Taxes on Fossil Fuel in General Equilibrium, 2014. Econometrica 82(1): 41-88. DOI: 10.3982/ECTA10217.

@ Traeger, C. Analytic Integrated Assessment (with Temperature and Uncertainty), 2017. SSRN Working paper 2667972. The deterministic part is a simpler and more general take of Golosov et al's paper.

Books on methods

This is only for students interested in reading more on the methodological background.

Chiang, A. Elements of Dynamic Optimization, 2000. McGraw Hill. Nicest read of the maximum principle, but more mistakes than other books. 

Kamien, M. and Schwartz, N. Dynamic Optimization, 1991. Amsterdam: North Holland, ISBN: 0444016090, second edition.

Seierstad, A and Sydsæter, K. Optimal Control Theory With Economic Applications, 1987. Amsterdam: North-Holland. ISBN: 0-585-48966-1. Most formal on Maximum Principle. 

Stokey, N. and Lucas, R. Recursive Methods in Economic Dynamics, 1989. Cambridge Mass.: Harvard University Press. ISBN: 0674750969. Very formal on Dynamic Programming. 

And for those interested in a numerical take on the methods:

Miranda, M. and Fackler, P. Applied Computational Economics and Finance, 2002. Cambridge Mass.: MIT Press. ISBN: 0262134209.

Stachurski, J. Economic Dynamics: Theory and Computation, 2009. Cambridge Mass.: MIT Press. ISBN: 9780262012775.


Published May 14, 2018 1:40 PM - Last modified May 25, 2018 12:40 PM