Course:FRE523
| FRE 523: Resource Economics I: The Economics of World Fisheries | |
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 | |
| 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: | Feb 23 to April 10
Mon and Wed, 1:00- 2:30 PM |
| 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.
Specifically, the course will examine the interdependence between our economies and natural ecosystems. We analyze resource extraction, depletion, protection and management in the context of world fisheries and aquaculture, which provide employment for not fewer than 120 million persons, with most to be found in developing fishing states.
Topics include the efficiency of economic decision-making, deviations from efficient outcomes, and commonly observed in these contexts and causes of these failures. We will use an analytical framework to examine the choices faced by policy-makers as they strive to correct these failures, and bring about fisheries that are capable of making a substantial and sustainable contribution to the world economy and food supply.
LEARNING OUTCOMES
- 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
- Theory and practical management of capture fishery resources at the national level
- 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.
- Linkages between management of capture fishery resources at the international and national levels.
- Effective management of aquaculture resources, which involves, interalia, 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
- Is sustainability of a “common pool” resource, such as capture fishery resources, possible?
- How to meet the challenge of achieving sustainable exploitation of a “common pool” resource, such as capture fishery resources, being that it is an ongoing and very difficult challenge?
- How will the intensification of climate change impact 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% |