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- Code:
- AGERE-E06
- Field:
- Environmental Economics
- Target:
- Master’s students
- Organiser:
- University of Helsinki - Environmental Economics
- Instructor:
- Kari Hyytinen and Marko Lindroos
- Period:
- Period 1
- Format:
- Lecture
- Method:
- Contact teaching
- Venue:
- Viikki campus
- Enrollment:
In case of conflicting information consider the Sisu/Course/Moodle pages the primary source of information.
Aalto and Hanken economics students can enroll in their home university’s SISU! Further instructions can be found on the How to enroll page, also for other students.
Before taking and completing the course make sure that the credits can be counted towards your degree at your home university by checking which courses are included in your curriculum or by contacting your home university’s student/learning services.
Content
Matlab programming language is used to formulate and solve a number of case study problem formulations. The case study examples include combatting eutrophication (i.e. reduction of the nutrients loads to the inland waters and the Baltic Sea) and fisheries management. The techniques and methods studied include static optimization (both unconstrained and constrained), dynamic discrete-time optimization, cohort models, game theoretic applications, Monte Carlo simulation, data fitting, dynamic programming, cost-effectiveness analysis and cost benefit analysis.
Learning outcomes
- Understanding the potential of modelling and numerical analysis in planning, implementation and evaluation of water protection efforts and projects
- Learn the skills needed to formulate and solve bio-economic problem formulations including static and dynamic problems and deterministic and stochastic problems.