Course Information


This course aims to provide the student with a good theoretical background in bioeconomic principles which could be used in practical management tasks. The course aims also to integrate biological knowledge on population dynamics with economic reasoning.

Course description

The interplay between vessels/fishermen and fish stocks is studied for the case of an open access fishery and for different management regimes. Bioeconomic theory is used in the analysis of selected fisheries, both nationally controlled and those in which two or more countries are involved. Practical issues related to the use of available data for establishing bioeconomic reference points are addressed.

Teaching material

H. Scott Gordon, 1954: The Economic Theory of a Common-Property Resource: The Fishery. The Journal of Political Economy, Vol. 62, No. 2. (Apr., 1954), pp. 124-142.
Eide et al. (2003) Harvest Functions: The Norwegian Bottom Trawl Cod Fisheries.
Hartwick and Olewiler, chapter 5  (Referred to as HO)
part 1a
part 1b
part 2
Eide (2009). Economic principles: an economic perspective on fishing. Chapter 4 in the new Management Guide (by FAO).

Additional material

The following visualisations of models and features are available through the Wolfram Demonstrations Project (use a Java enabled browser, e.g. FireFox or IE):


1   Introduction to Resource Economics  FEM:Chapter 1
2   Population dynamics  FEM:Chapter 2
3   Production functions  FEM:Chapter 2
4   Open access  FEM:Chapter 3
5   Other reference points  FEM:Chapter 3
6   The Gordon-Schaefer model  FEM:Chapter 5
7   Open access  dynamics (Part 1Part 2) FEM:Chapter 4
8   Investment analysis FEM:Chapter 4
9   Fisheries management  HO; FEM:1, 3
10   Extensions and Modifications  HO; FEM:7
11   Fishers behaviour  FEM:Chapter 6
12   Multispecies modelling  FEM:Chapter 9
13   Multicohort fisheries
FEM:Chapter 8
14   Wrap up


  • Credits: 10 ECTS
  • Prerequisites: SOK-3554
  • Grading: ECTS
  • Language: English
  • Lectures (hours): 28
  • Seminars (hours): 14
  • Course responsible: Arne Eide
  • Department: NFH
  • Period: January - May
  • Exam: 6 hours of written exam (multiple choice) and one assignment. The assignment is graded passed/failed, passed is required for final evaluation (exam).

Course administration
Lecturer: Arne Eide
Seminar leader: Suthamathy Nadarajah