ECON426 ECONOMICS OF NATURAL RESOURCES
| Course Code: | 3110426 |
| METU Credit (Theoretical-Laboratory hours/week): | 3 (3.00 - 0.00) |
| ECTS Credit: | 6.0 |
| Department: | Economics |
| Language of Instruction: | English |
| Level of Study: | Undergraduate |
| Course Coordinator: | Assoc.Prof.Dr. SERAP AŞIK |
| Offered Semester: | Spring Semesters. |
Course Objectives
At the end of this course, the student will learn:
- different methods used in valuation of the environment
- pros and cons of different environmental valuation methods
- basic concepts and methods in environmental accounting
Course Content
This course is designed to introduce students to certain areas of natural resource economics. Topics include theories of replenishable and exhaustible resource exploitation and the environment. Specific natural resources (e.g. depletable energy resources, recyclable resources, replenishable but depletable resources, etc.) are studied in depth.
Course Learning Outcomes
Student, who passed the course satisfactorily will be able to:
- understand the differences between various economic valuation methods
- identify the environmental values that can be estimated by different valuation techniques
- synthesize various valuation techniques with the broader concept of environmental accounting