Natural Resources Economics

University of Otago

Course Description

  • Course Name

    Natural Resources Economics

  • Host University

    University of Otago

  • Location

    Dunedin, New Zealand

  • Area of Study

    Economics, Environmental Sustainability

  • Language Level

    Taught In English

  • Prerequisites

    ECON 201 or ECON 271

  • Course Level Recommendations


    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • Credit Points

  • Recommended U.S. Semester Credits
    3 - 4
  • Recommended U.S. Quarter Units
    4 - 6
  • Overview

    Current issues relating to usage of common property, renewable and depletable natural and environmental resources; e.g. the efficiency of resource allocation, appraisal of current exploitation rates and the role of government intervention.

    The paper is intended for students with a background in intermediate microeconomics who are interested in the issues of the environment and natural resources. Natural resources play an important role in economic growth. Since natural resources are scarce and some of them are depletable, they should be used economically efficiently and sustainably. The paper discusses different views on sustainable development, the debate on whether scarcity of natural resources will limit economic growth, relationship between population growth and economic growth and conditions for efficient use of important renewable and non-renewable natural resources, such as fisheries, exhaustible minerals, forests and water. Economic and, to some extent, mathematical tools are used in the course.

    Learning Outcomes
    The course will help students:
    1.Learn basic economic principles governing the allocation of various categories of scarce natural resources among competing uses
    2.Gain experience with basic analytical tools useful for applying these principles to real-world allocation problems

    There is no single text book for this course.
    Instead, selected material from several books will be used.

Course Disclaimer

Courses and course hours of instruction are subject to change.

Eligibility for courses may be subject to a placement exam and/or pre-requisites.

Some courses may require additional fees.

Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.

Please reference fall and spring course lists as not all courses are taught during both semesters.

Availability of courses is based on enrollment numbers. All students should seek pre-approval for alternate courses in the event of last minute class cancellations

Please note that some courses with locals have recommended prerequisite courses. It is the student's responsibility to consult any recommended prerequisites prior to enrolling in their course.