Resource Economics

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Course Code: 
FOM 2202
Course Credit Units: 
Semester 2
Year of Study: 
Year 2
Undergraduate or Graduate Level: 
Undergraduate Level
Course Discipline: 
Course Description & Objectives: 

The course introduces the basic concepts, theories of natural resources and fundamentals of natural resource management. This course will be built around the thematic areas of renewable and exhaustible natural resources, optimality and how institutions affect resource sustainability. Objectives·         Empower students to apply the knowledge of resource economics in the sustainable management and use of natural resources·         Develop students’ analytical abilities to understand natural resource production, yield and extraction rates/models as tools in sustainable use of natural resources 

Learning Outcomes: 

·         Ability to analyze, evaluate and solve natural resource related issues for rural development through using adequate instruments, methods and tools·         Knowledge on the theoretical aspects of renewable and non-renewable resources, property right issues and functioning institutions in resource management

Resource Economics
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