Program Overview

Environmental and Natural Resource Economics B100:4

The aim of the course is to offer an insight into environmental and natural resource economics and a deeper analysis of environmental policy instruments. The concept of natural resources is applied to renewable resources, such as forests, but also to non-renewable resources such as oil and minerals. The resource allocation is analyzed within the framework of perfect competition but also in situations where the markets are characterized by imperfect competition and negative externalities. The theoretical models are applied to different kinds of environmental issues. Central questions are: How much shall we spend on improving the environment? How efficient are different policy instruments?

The course also introduces various econometric methods, such as binary models, to determine the value of non-market priced resources, e.g., rare species. Other models to determine the effect of different environmental policies are also introduced.

Course Details

• Type: Course, first cycle
• Study pace: Full time
• Study location: Umeå
• Type of studies: On campus
• Number of credits: 7.5 credits
• Teaching hours: Daytime
• Language: English
• Application code: UMU-23032

Eligibility and Selection

• Eligibility: Economics B100:1 or equivalent
• Selection: Academic credits

Application and Tuition Fees

• Application fee: SEK 900
• Tuition fee, first instalment: SEK 12,075
• Total fee: SEK 12,075

Application Process

• Applications are submitted online via the official website for higher education applications in Sweden.
• Late applications may be accepted if seats are available, but are not guaranteed to be reviewed.

About Umeå University

Umeå University is a vibrant academic community where high-quality education meets groundbreaking research in science, technology, humanities, and the arts. The university is certified as a Healthy Campus, with many initiatives that promote health and well-being. It is also ranked #1 globally in the main categories of Living, Support, and Overall Satisfaction for international students.