Course Description:

This course focuses on the application of economic theory andanalysis to the management of the environmental and natural resources, and addresses policy tools required for meeting environmentally sustainable development. Topics that will be covered include: the link between economic activity, environment resources, and sustainable development; efficiency, property rights, and market failure in the utilization of natural resources; optimal use of natural resources (both renewable and non-renewable); economics of pollution and pollution control; valuing environmental goods and services; and environmental impacts assessment.

Course Learning Outcomes:

On successful completion of this course, students will be able to:

  • Apply economic analysis to the management of the environment and natural resources.
  • Analyze theoretical and empirical research in environmental and natural resource economics.
  • Prepare an analytical policy report that develops knowledge and practical implementation of relevant economic theory in understanding and addressing environmental and natural resource issues.

Course description:

This course focuses on the mathematical methods and models that are required to understand current economics and to investigate economic models. Topics include differential and integral calculus; system of linear equations and advanced matrix algebra; mathematical programming with linear and nonlinear problems; optimization with and without constraints; time-path of economic variables with difference and differential equations; dynamic optimization; and applications in economic models.

Learning Outcomes:

On successful completion of this course, students will be able to:

  1. Use appropriate techniques to solve problems with calculus, linear algebra, difference and differential equations, and optimal control theory.
  2.  Model economic questions as mathematical problems.
  3.  Analyse and develop technical ideas thoughts in professional journals

The course starts with the measurement and analysis of growth, poverty, and inequality. It goes through different growth models with a special emphasis on recent ones. The economic development of a country is affected by a number of factors that need a critical assessment of their degree of influence on development. As a result, due emphasis is given on the link between population, migration, education, the institution, infrastructure, aid, foreign direct investment, and economic development of a country in this course. Economic development and planning issues in Ethiopia such as types of planning models, the social accounting matrix, working with Computable General equilibrium models (CGE), and economic reforms undertaken in the country are also given room to be dealt with in the course.

This course will cover some of the major theoretical models in international trade, as well as empirical evaluations of the main theories. The goal is that you become familiar with the principles and tools of international trade and with recent and influential research in the field. Topics covered include the core theories of trade, models with economies of scale and imperfect competition, trade costs,  trade policy and institutions,  dynamic models of the relationship between trade and growth, and BoP and its adjustment.