731381 Advanced natural resource economics

Semester hours
Lecturer (assistant)
Kirchner, Mathias , Schmidt, Johannes
Offered in
Wintersemester 2022/23
Languages of instruction


Stylized facts regarding economic growth and resource use; basic intertemporal equilibrium models addressing the efficient allocation of natural and manmade capital; Intertemporally optimal management of renewables resources in market economies; Sustainable economic growth?; Economic valuation of non-marketed natural resources; Main valuation methods; Case studies; Environment and natural resources within macroeconomic accounting; Ecological accounting with application to energy supply and climate change.


Previous knowledge expected

Objective (expected results of study and acquired competences)


Familiarity with basic notions of natural resource economics regarding the intergenerational-efficient allocation of renewable resources in market economies. In particular, the trade-off between economic growth and natural resource sustainability is addressed. Moreover, main practical methods of valuing non-marketed natural resources are presented focusing especially on resource oriented macroeconomic accounting with respect to energy and climate policy.

You can find more details like the schedule or information about exams on the course-page in BOKUonline.