ECN429 The Economics of Aquaculture and Fisheries Management
Topics the course addresses include:
- Overview of world fisheries, aquaculture, and markets for fish.
- The law of the sea and its historical development. National and international institutions dealing with fisheries management.
- The history of fisheries and aquaculture in Norway
- Bioeconomic analysis of fisheries:
- How nature limits the production of fish.
- The inefficiencies and need for management arising from fish stocks as common property. How to resolve these issues.
- The role of property rights.
- Age-structure modeling
- Community-based management.
- Spatial analysis and marine reserves.
- Multi-species interaction, by-catches and discards
- Non-market valuation of eco-system goods and services: Methods and applications using fiheries production
- The value chain of salmon aquaculture
- Aquaculture production - Theory and modeling
- Modeling the production process for salmon
- Salmon farming and the rotation problem
- Aquaculture production - Practices
- Biomass utilization
- Smolt production
- Growth, mortality, feed efficiency
- Fish health and welfare
- Food safety
- Sustainability - Aquaculture and the Environment, Issues and Solutions
- Energy intensity
- Organic waste
- Parasite treatment
- Antibiotic use
- Sustainable aquaculture certification
- Seafood markets and ecolabels. Ecolabels related to seafood products, such as MSC, dolphin-safe, and Ocean Wise. How do they help?
Upon successful completion the student
- can demonstrate to have knowledge of the global markets for seafood, including captured and farmed fish
- can demonstrate to have knowledge of the fundamentals of fisheries bioeconomics
- can demonstrate to have the understanding of the main underlying economic principles of fisheries management and regulation
- understand the production process in salmon aquaculture
- can demonstrate to have the understanding of challenges in fisheries and aquaculture management and how the industries have developed to address these issues
- will be familiar with the various externalities affecting both aquaculture production and capture fisheries, and know how to value them
Upon successful completion the student can
- formulate and analyze bioeconomic models of captured and aquaculture economics
- be able to analyze and discuss how different types of regulations affect economic behavior
- understand how data science is used to the development and innovation in the aquaculture industry
upon successful completion the student can
- develop advanced technical skills, analytical decision making and problem solving.
The students must have a basic knowledge of economics (bachelor level), calculus, and regression analysis.
Requirements for course approval
Approved homework assignments.
4-hour written school exam (100%).
The exam must be written in English.
Grading scale AF
Selected textbook chapters and papers from academic journals.
- ECTS Credits
- Teaching language
Spring. Offered spring 2020.
Professor II Yuanhao Li, Department of Economics.