FISH 508

Fisheries Economics and Management

FISH 508 Credits: 3

The course covers the bioeconomic theory of fisheries, game-theoretic approaches to the management of shared resources, and topical issues in fisheries economics and management. The course begins with a discussion of environmental and natural resource economics and how fisheries economics fits into the general picture. This is followed by a discussion of the theory underlying fisheries economics. Bioeconomic theory of fisheries will be presented using simple models. These models will be used to introduce fundamental economic results, such as the importance of cost relationships and the consequences of open access. Fisheries regulations will be an integral part of the course. Regulatory regimes such as taxes, quotas (including ITQs) and marine protected areas will be discussed.

Rashid Sumaila
Not offered in 2023/24