Advances in Economic Management of Biodiversity

BEA509 Advances in Economic Management of Biodiversity

  • Topics


    Human induced biodiversity loss is greater now than at any time in human history, with extinctions occurring at rates hundreds of times higher than background extinction levels.  It is one of the great challenges of our time, alongside and closely linked to both climate change and global poverty. The field of biodiversity economics analyses the socio-economic causes of and solutions to biodiversity loss by combining the disciplines of economics, ecology and biology. This field has shown a remarkable degree of transformation over the past four decades and now incorporates the analysis of the entire diversity of biological resources within the living world. Biodiversity Economics and its bioeconomic analysis can be applied to the examination and evaluation of the problem of various forms of biodiversity loss. The economic management of biodiversity has become an essential research tool to those working on biodiversity issues in the academic, policy and private sectors.

    Conserving biodiversity will confer costs as well as benefits. How can this trade-off be measured and justified? Recognizing the opportunity cost of biodiversity conservation is the first important step towards integrating knowledge and research about the environment into national social and economic infrastructures, enabling a more informed and effective program of sustainable development to be established.


  • Learning outcome

    Learning outcome


  • Teaching


    Normally offered in fall semester.
    The course is not offered on a regular basis - contact the course supervisor.

  • Required prerequisites

    Required prerequisites


  • Requirements for course approval

    Requirements for course approval


  • Assessment


    Project and oral exam.


  • Grading Scale

    Grading Scale

    Grading scale: A-F.


  • Semester



  • Literature


    Selected articles. The topics will follow closely the special issue in Resource and Energy Economics (26):

    -Special issue on the economics of biodiversity by Kolstad, Charles D

    -Economics of biodiversity: an introduction by Heal, Geoffrey

    -An introduction to biodiversity concepts for environmental economists by Armsworth, Paul R. & Kendall, Bruce E. & Davis, Frank W.

    -Management of interacting species: regulation under nonlinearities and hysteresis by Brock, W. A. & Xepapadeas, A.

    -Dynamic reserve site selection by Costello, Christopher & Polasky, Stephen


    -Genetic diversity and interdependent crop choices in agriculture by Heal, Geoffrey & Walker, Brian & Levin, Simon & Arrow, Kenneth & Dasgupta, Partha & Daily, Gretchen & Ehrlich, Paul & Maler, Karl-Goran & Kautsky, Nils & Lubchenco, Jane

    -Enforcement, payments, and development projects near protected areas: how the market setting determines what works where by Muller, Jeffrey & Albers, Heidi J.

    -Modelling phylogenetic diversity by Nehring, Klaus & Puppe, Clemens

    -Deforestation pressure and biological reserve planning: a conceptual approach and an illustrative application for Costa Rica by Pfaff, Alexander S. P. & Sanchez-Azofeifa, G. Arturo

    -Hyperbolic discounting and time inconsistency in a native-exotic species conflict by Settle, Chad & Shogren, Jason F.




ECTS Credits
Teaching language

Course responsible

Leif Kristoffer Sandal, Department of Business and Management Science