Course:FRE523
| FRE 523: Resource Economics I: The Economics of World Fisheries | |
|---|---|
 | |
| FRE 523 | |
| Section: | |
| Instructor: | Dr. Gordon Munro
(Fisheries (Part One)) |
| Dr. Rashid Sumaila
(Fisheries and aquaculture (Part Two)) | |
| Email: | gordon.munro@ubc.ca;
r.sumaila@fisheries.ubc.ca |
| Office: | TBA |
| Office Hours: | TBA |
| Class Schedule: | Jan 6 to Feb 12
Mon and Wed, 10:00-11:30 |
| Classroom: | MCML 154 |
| Important Course Pages | |
| Syllabus | |
| Lecture Notes | |
| Assignments | |
| Course Discussion | |
COURSE DESCRIPTION
The course will cover the economic management of capture (wild) fisheries and aquaculture from a world perspective. These fisheries, world- wide, provide employment for not fewer that 120 million persons. Most of the time in the course will be devoted to wide fisheries, which like the atmosphere, provide a striking example of a “common pool” resource. “Common pool” resources are notoriously difficult to manage effectively.
LEARNING OUTCOMES
- The fundamental recognition that world fishery resources, like all other natural resources, are a form of natural capital. The economic management of these resources is thus a problem of asset management through time, under conditions of irreducible uncertainty.
- The theory and practical management of capture fishery resources at the national level.
- The theory and practical management of capture fishery resources at the international level. At least one third of commercially exploitable capture fishery resources are accounted by those which are internationally shared.
- The linkage between management of capture fishery resources at the international and national levels.
- The effective management of aquaculture resources, which involves, inter alia, the linkages and conflicts between these resources and wide fishery resources.
ASSESSMENT REPORT
The students will undertake a major assignment pertaining to the theory and economic management of world wide fishery resources.
REAL-WORLD APPLICATIONS IN CLIMATE, FOOD & ENVIRONMENT
- The single most important big question that the course will address is that of sustainability. Achieving sustainable exploitation of a “common pool” resource, such as capture fishery resources, is an ongoing and very difficult challenge.
- Climate change is another question enters in, in that climate change intensifies the difficulty of managing world fishery resources, particularly at the international level.
ASSESSMENT METHODS
| Exams and Problem Sets | Date | Percent of Grade |
|---|---|---|
| Assignments (2 assignments) | To be announced | 50% |
| Final Exam | To be announced | 40% |
| Class Participation | Contributions to class discussions. | 10% |