ECON4925 Lecture plan
1
Lecture plan ECON4925, 2006 (rev.-1)
Time: Lectures Friday 10.15-12; Seminars Tuesday 10.15-12
NB. Note that some lectures will be given in seminar hours.
Lecturers: Olav Bjerkholt (OB) & Finn Førsund (FRF)
Week 34
25.08.06 FRF Lecture 1: Introduction to the course, sustainability
Perman et al. (2003), Ch. 1-4
Week 35
01.09.06 OB Lecture 2: Introduction to exhaustible resources and optimal control
Perman et al. (2003), Ch. 14 (incl. App.); Hotelling (1931); LN
Week 36
05.09.06 FRF Lecture 3: Water as a resource
Førsund (2005)
08.09.06 OB Lecture 4: The theory of optimal resource extraction
Perman et al. (2003), Ch. 15.1-15.6; LN
Week 37
12.09.06 OB Seminar 1
Week 38
22.09.06 OB Lecture 5: Renewable resources
Perman et al. (2003), Ch. 17; Andersen (1983)
Week 39
26.09.06 OB Seminar 2
29.09.09 OB Lecture 6: The cartel-fringe model
Salant (1976); LN
Week 40
No lecture
Week 41
No lecture
Week 42
20.10.06 FRF Lecture 7: The basic hydropower model
Førsund (2005)
ECON4925 Lecture plan
2
Week 43
24.10.06 OB Lecture 8: Taxation, uncertainty and other issues
Perman et al. (2003), Ch. 15.7-15.10; Krautkraemer; Pindyck (1980); LN
27.10.06 FRF Lecture 9: Hydropower and thermal
Førsund (2005)
Week 44
31.10.06 FRF Seminar 3
03.11.06 FRF Lecture 10: Market power
Førsund (2005)
Week 45
07.11.06 FRF Seminar 4
10.11.06 OB Lecture 11: Natural gas
Bjerkholt, Olsen & Vislie (1990), Chs. 3&4; LN
Week 46
14.11.06 OB Seminar 5
17.11.06 FRF Lecture 12: Forest resources
Perman et al. (2003), Ch. 18
Week 47
21.11.06 FRF Seminar 6
24.11.06 FRF Lecture 13: Accounting for the environment
Perman et al. (2003), Ch. 19
LN means Olav Bjerkholt’s Lecture notes which will put on the web during the course.
The following items are dropped from the Reading list: Adelman (1993), Davis et al.
(2001), Gelb et al. (1988), Miller and Upton (1985).