Blue Economy

Recommended Prerequisites

Knowledge of academic writing. Fluency in English and Portuguese.

Teaching Methods

The organisation of teaching times presupposes the existence of times for active participation and debate with and between students. In the more expository sessions, the aim is to stimulate discussion of the topicality and importance of the topic being analysed. The other sessions are dedicated to analysing practical problems (real and/or simulated) and discussing cases aimed at consolidating the syllabus. This is complemented by tutorial guidance, where students can clarify doubts, seek guidance for group work and/or discuss a particular topic.

Learning Outcomes

General objectives:

To learn about the potential contributions of economic analysis in responding to the challenges and opportunities associated with sustainable ocean governance.

 

Specific objectives:

To understand the historical-institutional framework and policies of the blue economy.

To understand the main types of market failure and policy instruments.

To understand the concept of the blue economy.

Identify the main sectors of the blue economy.

 

Competences:

Ability to critically and carefully establish the relationship between concepts, policies and the behaviour of economic agents.

Ability to apply the instruments and fundamental principles learnt in the discussion of responses/policies to the challenges of ocean governance.

Work Placement(s)

No

Syllabus

1. From the Economy of the Sea to the Blue Economy
a. Historical and institutional framework
b. Ocean resources
c. The blue economy in the EU
d. The blue economy in Portugal: public policies and satellite account
e. Challenges and opportunities.
2. Markets and economic efficiency
a. Demand, supply and market equilibrium
b. Market failures and policy instruments
c. Economic-environmental relations and sustainability
3. Blue Economy: Established and emerging sectors
4. Challenges to ocean governance: the contribution of the economy

Head Lecturer(s)

Álvaro Francisco Rodrigues Garrido

Assessment Methods

Assessment
Exam: 50.0%
Project: 50.0%

Bibliography

Bjørndal, T.; G. Munro (1998) "The Economics of Fisheries Management: A Survey". The Int. Yearbook of Env. and Res. Econ. 1998/1999,
T. Tietenberg and H. Folmer
EC et al. (2023), The EU blue economy report 2023
Garrido, A. (2018) As Pescas em Portugal, FFMS
Hannesson, R. (2021) The Economics of Fishing. Newcastle upon Tyne, UK: Agenda Publishing Limited
Haines-Young, R.; M.B. Potschin (2018): Common International Classification of Ecosystem Services (CICES) V5.1 and Guidance on the
Application of the Revised Structure.
OECD 2016, The Ocean Economy in 2030, OECD Publishing
Roberts, C. 2007 The Unnatural History of the Sea. The past and future of humanity and fishing, Island Press2007
Tietenberg, T.; L. Lewis 2023 Environmental and natural resource economics. Routledge
UN et al 2021. System of Environmental-Economic Accounting - Ecosystem Accounting
OECD (2024), The Blue Economy in Cities and Regions: A Territorial Approach. OECD Urban Studies, OECD Publishing, Paris