Università degli Studi di Napoli "Parthenope"

Teaching schedule

Academic year: 
2018/2019
Belonging course: 
Course of Master's Degree Programme on MARITIME ECONOMY
Disciplinary sector: 
ECONOMIC POLICY (SECS-P/02)
Language: 
Italian
Credits: 
9
Year of study: 
2
Teachers: 
Cycle: 
First Semester
Hours of front activity: 
72

Language

Italian

Course description

Knowledge and understanding: after the course, the student will demonstrate to know and understand the economic approach to valuation and policy of natural resources, with reference to resource directly or indirectly involved in maritime transport and the associated environmental issues.

Applying knowledge and understanding: the student learns to write, solve and interpret simple microeconomic models on the allocation of natural resources, with the aim of assessing their policy implications, in the perspective of potential placement in public agencies and private companies in the maritime sector facing the challenges of environmental damage containment and resource optimisation.

Making judgments: the student learns to assess independently the significance and limitations of the theoretical results presented during the course, and the ensuing policy implications. Exercise sessions are structured in a way that stimulates independent judgments by the students on policies applied to natural resources and the environment.

Communication skills: the student shows the ability to explain clearly, concisely and appropriately the main issues involved in maritime transportation for natural resources. The student learns to master the scientific jargon used in economics, as well as the style of communication towards non-academics.

Learning skills: the student acquires the ability to update the available information, through academic publications about economics and policy of natural resources, possibly deploying such skills in post-graduate courses. The student learns to apply knowledge to distant contexts and in circumstances that are relevant for the job market. Learning skills are stimulated by assigning exercises and bibliographic search tasks.

Prerequisites

Knowledge acquired from basic or advanced microeconomics and applied economics courses, concerning: utility and profit maximisation; cost minimisation; competitive equilibrium; imperfect competition; welfare theorems; market failures.

Syllabus

Property rights, externalities and environmental issues. Valuation of environmental goods and services. The allocation of depletable resources. Energy; transition from depletable sources to renewables. Common goods: fisheries. Recyclable resources and the circular economy. The consumption of fuels in the shipping business. Water resources. Climate change. Economics and policies for energy and climate.

Property rights, externalities and environmental issues. Valuation of environmental goods and services. The allocation of depletable resources. Energy; transition from depletable sources to renewables. Common goods: fisheries. Recyclable resources and the circular economy. The consumption of fuels in the shipping business. Water resources. Climate change. Economics and policies for energy and climate.

Teaching Methods

Frontal lessons and exercise sessions for a total of 72 hours (9 ECTS). Frontal teaching will stimulate critical thinking and communication skills, partly through group work on case studies.

Textbooks

Textbook:

Tietenberg T., Lewis L. (2018), Environmental and Natural Resource Economics, 11th Edition, Routledge (capitoli 2, 4, 6, 7, 8, 9, 12, 14, 17, 18).

Further reading:

Brander, J. A., & Taylor, M. S. (1998). The simple economics of Easter Island: A Ricardo-Malthus model of renewable resource use. American economic review, 119-138.

Graddy, K. (2006). Markets: the Fulton fish market. Journal of Economic Perspectives, 20(2), 207-220.

Learning assessment

Knowledge, critical analysis skills and clarity of presentation will be ascertained through written and oral exams. The final grade will take account of: knowledge and understanding (30%), ability to apply knowledge (30%), making judgments (30%), communication skills (10%).

More information