Brief Course Description
1. Course Title:
Natural Resource Economics
2. Language of Instruction:
Vietnamese
3. Course Code:
NAT601080
4. Credits:
2
5. Course Objectives:
This course provides students with theoretical and analytical foundations for understanding how natural resources are allocated, utilized, and conserved over time. It introduces optimization principles in resource management, covering both renewable and non-renewable resources. Students will analyze key models such as Hotelling’s rule, fishery bioeconomic models, and forest management frameworks to evaluate sustainable use and intertemporal trade-offs. Emphasis is placed on applying dynamic optimization and economic reasoning to real-world policy issues involving resource depletion, conservation, and long-term sustainability.
6. Brief Description of Course Content:
Natural Resource Economics provides methods for analyzing and modeling the use and exploitation of resources. The course divides natural resources into two categories: renewable resources (forest, fishery…) and non-renewable resources (minerals, petroleum, coal...). This course introduces economic models to analyze the optimal and sustainable exploitation of these two groups of resources. Learners can understand how to determine the optimal level of resource exploitation, and the factors affecting the optimal exploitable level. These insights will serve as the basis for empirical research, and for appropriate decision-making in environmental and natural resource management.