Natural Resource Economics
Seoul, South Korea
Area of Study
Economics, Environmental Science, Environmental Studies
Taught In English
Mathematical economics (differentiation, integration, Lagrangian optimization)
Course Level Recommendations
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.
Recommended U.S. Semester Credits3
Recommended U.S. Quarter Units4
Hours & Credits
The course provides fundamental economic understanding on resource issues. This course covers various resources such as depletable resources, renewable resources, water, forest, fishery, population, biodiversity and disease control. And it will be studied severable methods by which these resources can be efficiently developed and utilized.
Main concern on resource economics is to achieve efficiency and sustainability. To accomplish this target, basic economic conditions must be met by considering benefits and costs. This course aims to provide technical issues regarding each specific type of resources. Since many resources are associated with intergenerational issues, several mathematical tools will be also studied along with empirical survey.
Tom Tietenberg, Environmental and Natural Resource Economics, 8th edition, Addison Wesley
Courses and course hours of instruction are subject to change.
Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.
Please reference fall and spring course lists as not all courses are taught during both semesters.
Availability of courses is based on enrollment numbers. All students should seek pre-approval for alternate courses in the event of last minute class cancellations
Please note that some courses with locals have recommended prerequisite courses. It is the student's responsibility to consult any recommended prerequisites prior to enrolling in their course.