731328 Valuation methods for natural resources

Semester hours
Lecturer (assistant)
Morawetz, Ulrich
Offered in
Sommersemester 2023
Languages of instruction


Short Description
This course introduces students to core theoretical concepts and methodological approaches needed in the study of environmental and resource economics with an emphasis on valuation.

Course Description:
This lecture based course will cover the basic concepts and methods underlying research on externalities, environmental valuation, and urban spatial structure. There will be particular emphasis on the way in which applied researchers approach and solve problems. The course is divided into sequenced methods oriented components to introduce the foundational methods and applied work in environmental economics. Additional discussion and readings will focus on the intersections and complementarities between these sets of research methods. At the end of this course, you should have the theoretical foundation and familiarity with applied methods to evaluate and critically examine research in the fields of environmental and resource economics.

Previous knowledge expected

It is assumed that students have completed at least one introductory course in microeconomics and either statistics or econometrics, and are comfortable with differential and integral calculus.

Objective (expected results of study and acquired competences)

Upon completion of this course, students will:
1.Be familiar with the concepts and foundations of welfare economics
2.Be able to explain differences in economic valuation approaches
3.Analyze and interpret market and non-market valuation results
4.Apply welfare economic approaches to real-world policies
5.Read and synthesize papers in applied welfare economics
You can find more details like the schedule or information about exams on the course-page in BOKUonline.