Certificate in the Economics and Management of Natural Resources ...

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Certificate in the Economics and Management of Natural Resources, Energy, and theEnvironment Program RequirementsStudents must complete all existing course requirements for a major or honors in Economics.In addition, students in the Certificate program in the Economics and Management of NaturalResources, Energy, and the Environment must complete at least one of ECON 365, 366 or 369;and ECON 467, and a minimum of an additional *18 from the following designated courses:ECON 355, 361, 365, 366, 369; BLAW 301, 428; BUEC 463, 464; MGTSC 352. Studentsadmitted to this Certificate program will not be granted credit for both ECON 369 and BUEC464.Note: i)ii)This program requires that eight courses be taken out of a choice set of eleven.As fitting these courses into a student’s timetable may be challenging, at least fourof these courses should be taken in the first year of the certificate program.Possibilities include, for example, B LAW 301, B LAW 428, BUEC 463, BUEC464, MGTSC 352.It is unlikely that students in this program will be allowed to take more courses inBusiness than those required to meet these program requirementsCertificate in the Economics and Management of Natural Resources, Energy, and theEnvironment Course DescriptionsThe following are descriptions of courses relevant to the Certificate in the Economics andManagement of Natural Resources, Energy, and the Environment program. While we try to keepthese descriptions up to date, they are for the purposes of general information only. You shouldverify the descriptions and course prerequisites on Beartracks. Note that the Faculty of Businessaccepts ECON 299 as equivalent to MGTSC 312, and ECON 281 as equivalent to BUEC 311,for students in the certificate programs:B LAW 301 Legal Foundations of the Canadian Economy*3 (fi 6) (either term, 3-0-0). Synoptic view of Canadian legal system, with emphasis onunderlying considerations of social policy. While considering the nature, sources, philosophy,and policy objectives of the law, selected topics from the fields of tort and contract will beanalyzed. Credit will be granted for only one of B LAW 301 and ENGG 420.B LAW 428 Natural Resource and Environmental Law*3 (fi 6) (either term, 3-0-0). The legal framework in which managerial decisions affecting theenvironment are taken. Substance of environmental law and the procedures for enforcing it.Interaction of this legal approach with business strategies for dealing with environmental issuesis analyzed. Prerequisite: B LAW 301 or ENGG 420.
BUEC 463 Energy and the Environment: Industry Structure, Performance and Challenges*3 (fi 6) (either term, 3-0-0). Uses the basic tools of business economics in order to gain a betterunderstanding of energy markets and industries. Differences and similarities between specificindustries (oil, gas, electricity, etc.) and between different industry segments (exploration,production, retail, etc.) are highlighted. New challenges faced by the industry, most notablyenvironmental concerns, but also globalization and new forms of competition, are analysed withrespect to the impacts that they have had and might have in the future on firms’ strategies and onmarket performance. Prerequisite: BUEC 311.BUEC 464 Environmental Management*3 (fi 6) (either term, 3-0-0). Introduction to the theory and application of environmentaleconomics and its role in management and policy-making. The course will cover development ofa model of pollution control, evaluation of policy in this context, the setting of optimalenvironmental policies, and the application of these policies. Particular policies and practicesimplemented in North America will be examined. Prerequisites: BUEC 311 or consent of theinstructor.ECON 355 Economics of Project Evaluation*3 (fi 6) (either term, 3-0-0). The use of cost-benefit analysis and other economic methods inevaluating public investment projects with examples from transportation, river basinmanagement, electrical generation, oil and gas, and pollution control. Prerequisite: ECON 101 or204 or equivalent.ECON 361 Transportation Economics*3 (fi 6) (either term, 3-0-0). Travel demand and choice of means of transport; cost conceptsincluding economies of network size and traffic density; efficient pricing of transport servicesand infrastructure; congestion and road pricing; advanced traveller information technologies;airline regulation, deregulation and competition. Prerequisite: ECON 281. Not open to studentswith credit in ECON 461.ECON 365 Resource Economics*3 (fi 6) (either term, 3-0-0). Issues in the production of exhaustible and renewable naturalresources, including exploration, extraction, and taxation; scarcity and pricing; contemporaryCanadian resource policy issues. Prerequisite: ECON 101 or equivalent.ECON 366 Energy Economics*3 (fi 6) (either term, 3-0-0). The economics of producing and consuming energy: pricing, rolein economic growth; energy sources and market; the role of government; regulation and otherenergy policy issues. Prerequisite: ECON 101 or equivalent.ECON369 Economics of the Environment*3 (fi 6) (either term, 3-0-0). Economic growth and the deterioration of the environment; typesand causes of environmental deterioration; theory, policy, and measurement relating toenvironmental deterioration; recreation economics; and current Canadian environmental topics.Prerequisite: ECON 101 or equivalent. Not open to students with credit in INT D 369 (Offeredjointly by the Departments of Economics and Rural Economy)
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