ECON4925 – Resource Economics

Knowledge:

You should understand

• intertemporal trade-offs (Euler equation)
• implications of scarcity on extraction and price paths in different settings
• policy problems related to exhaustion of non-renewable resources and overutilization of renewable resources
• trade-offs in non-renewable and renewable energy use

Skills and competence:

You should obtain experience in

• thinking dynamically
• setting up dynamic economic models
• solving models discussed in class or closely related models
• interpret optimality conditions and trade-offs
• learn how to find answers to questions about resource economics
• be able to read and understand reports and journal articles that make use of the concepts and methods that are introduced in the course

Students admitted to study programmes at UiO must each semester register which courses and exams they wish to sign up for in Studentweb.

Students not admitted to the Master’s programme in Economics or the Master’s programme in Economic Theory and Econometrics (Samfunnsøkonomisk analyse), can apply for admission to one of our study programmes, or apply for guest student status.

You must fulfill one of these prerequisites:

• Bachelor`s degree in Economics, or equivalent.
• ECON3220 – Microeconomics 3 / ECON4220 – Microeconomics 3, or equivalent.

• Students who do not have ECON3120 – Mathematics 2: Calculus and Linear Algebra / ECON4120 – Mathematics 2: Calculus and Linear Algebra or equivalent, are advised not to take this course.

Lectures and seminars.

The course responsible can at the beginning of the semester update the syllabus list by changing no more than three articles, though in a way that it will not change the overall scope or thematic content of the course.

The syllabus also includes any lecture notes that will be made available for the students in Canvas.

The examination will be a 3-hour written school exam.

Previous exams and examiner guidelines

Exam papers with comments from examiner

If you are sick or have another valid reason for not attending the regular exam, we offer a postponed exam later in the same semester.

See further information about resitting an exam.

Students who wish to retake the exam in a later semester are not guaranteed that the course will be given with the same content and syllabus, or that the examination scheme will be the same.