| TEAE05 |
Resource Theory, 6 ECTS credits.
/Resursteori/
For:
EM
I
Y
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Prel. scheduled
hours: 48
Rec. self-study hours: 112
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Area of Education: Social studies
Main field of studies: Industrial Engineering and Management
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Advancement level
(G1, G2, A): G1
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Aim:
After successful complementation of the course the student should:
- know the basic economic problems and the basic assumptions
- have knowledge of the determinants of demand, supply and prices in a market
- be able to take an economic approach
- have knowledge about the meaning of efficient resource allocation, what conditions in a market that lead to efficient allocation of resources and the conditions that lead to markets not functioning effectively
- have knowledge of resource allocation problems in the environmental field
- be able to explain and understand how different economic and administrative instruments can be used to regulate the functioning of environmental and resource problems
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Prerequisites: (valid for students admitted to programmes within which the course is offered)
Note: Admission requirements for non-programme students usually also include admission requirements for the programme and threshhold requirements for progression within the programme, or corresponding.
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Organisation:
Lectures, exercises.
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Course contents:
The scarcity problem and the opportunity cost concept demand, supply and equilibrium price, the foundations of welfare theory, property rights and the Coase theorem, public goods, externalities, and the Tragedy of the commons
various administrative and economic instruments in the environmental area, as regulations, fees, taxes, subsidies and markets for emission rights
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Course literature:
Pihl, H, 2007, Miljöekonomi för en hållbar utveckling (Environmental Economics for Sustainable Development), Fourth Edition, SNS förlag
Articles and handouts
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Examination: |
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Written examination
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6 ECTS
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Course language is Swedish.
Department offering the course: IEI.
Director of Studies: Linnea Ingebrand
Examiner: Göran Hägg
Course Syllabus in Swedish
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