Natural resources and public goods economics and policy

A.Y. 2020/2021
Overall hours
Learning objectives
This course aims to provide students with the necessary tools to analyze the natural resources and public goods issues from both an economic and political point of view. In particular, the course is split in two main parts. In a first phase the natural resources and public goods conceptual framework are outlined and developed, while in the second part of the course will be discussed different themes related to renewable and non-renewable natural resources and ecosystem services with both a regulatory and evaluation approach.
Expected learning outcomes
The skills acquired will make the students able to:
- understand the role of natural resources and public goods in economic development;
- implement an efficient approach for a sustainable use of natural capital in respect to both non-renewable resources and renewable resources;
- understand the basic concepts related to the main economic and assessment tools for the management of natural resources and ecosystem services;
- understand how natural resources concerns can be integrated in policy instruments with specific focus on rural and agricultural sectors.
Course syllabus and organization

Single session

Lesson period
First semester
The lessons will be held on the Microsoft Teams/Zoom platform and will mainly be conducted synchronously, following the timetable of the first semester.
The exam will be conducted orally using the Microsoft Teams / Zoom platform.
The materials will be placed on the teachers' Ariel sites.
Communications will be managed through the teachers' Ariel sites and AppLezioniUnimi
Course syllabus
1) Introduction to natural resources economics. Natural resources in classical and neoclassical economics.
2) Natural resources and sustainable development
3) Property rights and natural resources
4) The efficient and optimal use of natural resources
5) The economics of renewable and non-renewable resources
6) The multifunctional role of agricultural and forest resources;
7) Ecosystem services: concept and frameworks for economic assessment
8) The cost benefit analysis (financial and economic analysis, profitability indicators)
9) Methods for valuing ecosystem services
10) EU policies for natural and agro-forestry resources
Prerequisites for admission
Principles of microeconomics are required.
Teaching methods
Frontal lessons
Teaching Resources
Slides and other bibliographic materials provided by teacher during the course
Assessment methods and Criteria
The exam consists in a written test.
The test is based on open and multiple choice questions . Moreover some exercises are included.
Test evaluation is based on the correctness of responses.
The final score is expressed as n/30.
Results are published on the Ariel site of Prof. Bertoni
Lessons: 48 hours
Contact the teacher by email to arrange an appointment
Department of Environmental Science and Policy (third floor, via Celoria 2)
the teacher receives by appointment
ESP (sede di via Celoria,2 - first floor)