TÜRKÇE
ENGLISH
Information
| Unit | FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES |
| ECONOMICS PR. (ENGLISH) | |
| Code | ECOS414 |
| Name | Natural Resources and Green Economy |
| Term | 2026-2027 Academic Year |
| Semester | 8. Semester |
| Duration (T+A) | 3-0 (T-A) (17 Week) |
| ECTS | 6 ECTS |
| National Credit | 3 National Credit |
| Teaching Language | İngilizce |
| Level | Belirsiz |
| Type | Normal |
| Label | E Elective |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Prof. Dr. CENGİZ AYTUN |
| Course Instructor |
The current term course schedule has not been prepared yet.
|
Course Goal / Objective
The aim of the course is to examine the scarcity of natural resources, their management, and their interaction with the economic system within a theoretical framework. The course aims to equip students with the skills to analyze environmental issues from an economic perspective and to evaluate "Green Transition" processes, circular economy models, and sustainable development policies.
Course Content
Introduction to the Economics of Natural Resources, Debates on Scarcity and Growth, Management of Non-Renewable Resources and the Hotelling Rule, Optimal Use of Renewable Resources (Forests, Water, Fisheries) Optimal Use, Common-Pool Resources and the Tragedy of the Commons, Environmental Externalities and Pigouvian Taxes, Green Economy and Green Growth Concepts, Circular Economy and Waste Management, Climate Change Economics and Carbon Markets, Green Finance and Sustainable Investments, Energy Transition, International Environmental Agreements and Policy Analysis.
Course Precondition
There are no prerequisites for this course.
Resources
Tietenberg, T., & Lewis, L. (2018). Environmental and Natural Resource Economics. Routledge.
Notes
Hanley, N., Shogren, J. F., & White, B. (2019). Introduction to Environmental Economics. Oxford University Press.
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Classifies types of natural resources and explains the economic differences between them. |
| LO02 | Analyzes the optimal extraction rates of non-renewable resources over time using mathematical models. |
| LO03 | Develops solutions to the problem of overconsumption of common-pool resources (the Tragedy of the Commons). |
| LO04 | Defines environmental pollution as an externality and compares market-based policy tools (taxes, quotas). |
| LO05 | Explains the differences between green economy and circular economy models and the traditional linear model. |
| LO06 | Assesses the macroeconomic impacts of climate change and carbon pricing mechanisms. |
| LO07 | Analyzes the effects of the energy transition and green technologies on employment and growth. |
| LO08 | Critically examines national and international environmental policies within the framework of the Sustainable Development Goals. |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Explain the importance of demand and supply in economy sciece and the well-running conditions of the market economy | 3 |
| PLO02 | Bilgi - Kuramsal, Olgusal | Define the role of pricing within the event advantage of the market economy | |
| PLO03 | Bilgi - Kuramsal, Olgusal | Define the role of the state in economy, money and financial policies, the central bank and the structure of the market | |
| PLO04 | Bilgi - Kuramsal, Olgusal | Perceive the costs and benefits arising from the global economy | 4 |
| PLO05 | Bilgi - Kuramsal, Olgusal | Produce nymerical and policy options when confronted with problems | 3 |
| PLO06 | Bilgi - Kuramsal, Olgusal | Use quantitative and qualitative techniques of model building, decoding and interpretation | 2 |
| PLO07 | Bilgi - Kuramsal, Olgusal | Use the theory of economics in the analysis of economic events | 5 |
| PLO08 | Bilgi - Kuramsal, Olgusal | Use computer programs, do synthesis and present prepared data efficiently | |
| PLO09 | Bilgi - Kuramsal, Olgusal | Apply the methods of economic analysis. | |
| PLO10 | Bilgi - Kuramsal, Olgusal | Analyze at conceptual level and aquire abiliy in comparing, interpreting, evaluating and synthesizing in order to develop solutions to problems | 4 |
| PLO11 | Bilgi - Kuramsal, Olgusal | Take responsibility individually and/or in a team, take leadership and work effectively | |
| PLO12 | Beceriler - Bilişsel, Uygulamalı | Follow innovative developments in the field being aware of the necessity of lifelong learning and improving him-/herself | |
| PLO13 | Beceriler - Bilişsel, Uygulamalı | Use of different sources about an unfamiliar field within academic principles, synthesize gained data and present effectively | |
| PLO14 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Use Turkish and at least one foreign language in accordance with the requirements of academic and work life | |
| PLO15 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Understand and interpret related peoples´ feelings, thoughts and behaviours correctly; express him-/herself accurately in written and oral language | |
| PLO16 | Yetkinlikler - Öğrenme Yetkinliği | Question traditional approaches, practices and methods. | |
| PLO17 | Yetkinlikler - Öğrenme Yetkinliği | Recognize and apply social, scientific and professional ethical values. |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Introduction: The Relationship Between the Economy and the Environment | Literature review | Öğretim Yöntemleri: Anlatım, Tartışma |
| 2 | Classification of Natural Resources and Basic Concepts | Class notes | Öğretim Yöntemleri: Anlatım, Tartışma |
| 3 | Non-Renewable Resources: Hotelling’s Law and Scarcity Rent | Reading the related chapter | Öğretim Yöntemleri: Anlatım, Tartışma |
| 4 | Renewable Resources I: Fisheries and Forestry Economics | Case study | Öğretim Yöntemleri: Anlatım, Tartışma, Örnek Olay |
| 5 | The Tragedy of the Commons and Institutional Solutions | Article review | Öğretim Yöntemleri: Anlatım, Tartışma |
| 6 | Environmental Externalities and the Coase Theorem | Case study | Öğretim Yöntemleri: Anlatım, Örnek Olay |
| 7 | Pollution Control Policies: Taxes vs. Permit Trading | Regulatory review | Öğretim Yöntemleri: Anlatım, Tartışma |
| 8 | Mid-Term Exam | Ölçme Yöntemleri: Yazılı Sınav |
|
| 9 | The Green Economy and Green Growth Paradigm | OECD/UNEP reports | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama |
| 10 | Circular Economy: From Waste to Resource | Industry examples | Öğretim Yöntemleri: Anlatım, Tartışma, Alıştırma ve Uygulama |
| 11 | The Economics of Climate Change and Cost-Benefit Analysis | Review of the Stern Report | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 12 | Energy Transition and Renewable Energy Markets | Data set analysis | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama |
| 13 | Technology in the Green Transition: Artificial Intelligence and Resource Efficiency | Read the related article | Öğretim Yöntemleri: Anlatım, Tartışma |
| 14 | Green Finance, ESG Investments, and Sustainability Reporting | Bank reports | Öğretim Yöntemleri: Anlatım, Tartışma |
| 15 | Global Environmental Policies and Turkey’s Green Deal | Current situation analysis | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 16 | Term Exams | Ölçme Yöntemleri: Yazılı Sınav |
|
| 17 | Term Exams | Ölçme Yöntemleri: Yazılı Sınav |
Student Workload - ECTS
| Works | Number | Time (Hour) | Workload (Hour) |
|---|---|---|---|
| Course Related Works | |||
| Class Time (Exam weeks are excluded) | 14 | 3 | 42 |
| Out of Class Study (Preliminary Work, Practice) | 14 | 5 | 70 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 0 | 0 | 0 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 15 | 15 |
| Final Exam | 1 | 15 | 15 |
| Total Workload (Hour) | 142 | ||
| Total Workload / 25 (h) | 5,68 | ||
| ECTS | 6 ECTS | ||