NCHU Course Outline

Course Name	(中) 自然資源與環境經濟(二)(6182)
	(Eng.) Natural Resource and Environment Economics(II)
Offering Dept	Department of Applied Economics
Course Type	Required			Credits	3	Teacher	LIAO,SHU-YI et al.
Department	Master Program in Agricultural Economics and Marketing / Graduate			Language	Chinese	Semester	2026-SPRING
Course Description	This course presents theories and applied methods used in natural resource and environmental economics. The major topics include: (1) externality, public good, and welfare economics; (2) natural resource and environmental policy instruments; (3) valuation of nonmarket goods; (4) costs and benefits of natural resource and environmental regulations. Special emphasis is given to applying economic models and tools to evaluate natural resource and environmental policies.
Prerequisites

Relevance of Course Objectives and Core Learning Outcomes(%)			Teaching and Assessment Methods for Course Objectives
Course Objectives	Competency Indicators	Ratio(%)	Teaching Methods	Assessment Methods
Applying economic models and tools to evaluate natural resource and environmental policies.			Visit topic Discussion / Production Discussion Lecturing	Written Presentation Attendance Oral Presentation
Course Content and Homework/Schedule/Tests Schedule
Week Course Content Week 1 Introduction Week 2 Externality and Public good Week 3 Welfare economics Week 4 Natural resource and Environmental policy instruments Week 5 Valuation of nonmarket goods (I) Week 6 Valuation of nonmarket goods (II) Week 7 Valuation of nonmarket goods (III) Week 8 Costs and benefit analysis (I) Week 9 Costs and benefit analysis (II) Week 10 Natural resource management and regulations (I) Week 11 Natural resource management and regulations (II) Week 12 Environmental management and regulations (I) Week 13 Environmental management and regulations (II) Week 14 Applying economic models and tools to evaluate natural resource and environmental policies Week 15 Final term paper presentations (I) Week 16 Final term paper presentations (II) self-directed learning    02.Viewing multimedia materials related to industry and academia.    03.Preparing presentations or reports related to industry and academia.    04.Participation in visits or internships at industry, government, or academic institutions.
Evaluation
Final term paper (100%) The purpose of writing a term paper is to evaluate natural resource and environmental issues using econometric/statistical techniques. The contents of a term paper should include five major parts: (1) introduction/literature review; (2) data collection; (3) econometric / statistical model; (4) results analysis; (5) conclusions. Each group can be 2-3 students. You are expected to present your term paper in June and turn in a copy of your presentation (PPT) and final term paper (MS Word) at the end of the semester.
Textbook & other References
Textbook: Roger Perman, Yue Ma, James McGilvray, and Michael Common. 2003. Natural Resource and Environmental Economics 3rd Edition, Pearson Education Limited. Walter Nicholson. 2016. Microeconomic Theory: Basic Theory and Extensions 12th Edition, Thomson South-Western. Hal Varian. 1992. Microeconomic Analysis. W. W. Norton & Company, Inc. Reading List: 1.Ronald H. Coase, “The Problem of Social Cost,” Journal of Law and Economics, Vol. 3 (Oct., 1960), pp. 1-44. 2.Paul A. Samuelson, “The Pure Theory of Public Expenditure,” The Review of Economics and Statistics, Vol. 36, No. 4 (Nov., 1954), pp. 387-389. 3.Kenneth J. Arrow, “Uncertainty and the Welfare Economics of Medical Care,” The American Economic Review, Vol. 53, No. 5 (Dec., 1963), pp. 141-149. 4.Charles M. Tiebout, “A Pure Theory of Local Expenditures,” The Journal of Political Economy, Vol. 64, No. 5, (Oct., 1956), pp. 416-424. 5.Otto A. Davis and Andrew Whinston, “Externalities, Welfare, and the Theory of Games,” Journal of Political Economy, Vol. 70, No. 3 (Jun., 1962), pp. 241-262. 6.Peter A. Diamond and James A. Mirrlees, “Optimal Taxation and Public Production I: Production Efficiency,” The American Economic Review, Vol. 61, No. 1 (Mar., 1971), pp. 8-27. 7.Peter A. Diamond and James A. Mirrlees, “Optimal Taxation and Public Production II: Tax Rules,” The American Economic Review, Vol. 61, No. 3 (Jun., 1971), pp. 261-278. 8.Duncan Black, “On the Rationale of Group Decision-making,” Journal of Political Economy, Vol. 56, No. 1 (Feb., 1948), pp. 23-34. 9.H. Scott Gordon, “The Economic Theory of a Common-Property Resource: The Fishery,” Journal of Political Economy, Vol. 62, No. 2 (Apr., 1954), pp. 124-142. 10.Steven N. S. Cheung, “The Fables of Bees,” Journal of Law and Economics, Vol. 16, No. 1 (Apr., 1973), pp. 11-33. 11.Arnold C. Harberger, “The Incidence of the Corporation Income Tax,” Journal of Political Economy, Vol. 70, No. 3 (Jun., 1962), pp. 215-240. 12.Anna M. Birkenbach, David J. Kaczan, and Martin D. Smith, “Catch Shares Slow the Race to Fish,” Nature, Vol. 544 (Apr., 2017), pp. 223-238. 13.Sebastian Galiani, Paul Gertler, and Ernesto Schargrodsky, “Water for Life: The Impact of the Privatization of Water Services on Child Mortality,” Journal of Political Economy, Vol. 113, No. 1 (2005), pp. 83-120.
Teaching Aids & Teacher's Website
Office Hours
Wednesday 1:00-2:00 PM
Sustainable Development Goals, SDGs(Link URL)
06.Clean Water and Sanitation   07.Affordable and Clean Energy   12.Responsible Consumption   13.Climate Action   14.Life Below Water   15.Life On Land include experience courses：N

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Update Date, year/month/day：2026/01/09 17:24:14	Printed Date, year/month/day：2026 / 4 / 30
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