Valuation of marine and coastal ecosystems: The role of ecological-economic modeling

A Work Project, presented as part of the requirements for the Award of a Masters Degree in Economics from the NOVA – School of Business and Economics

The main objective of this work project is to highlight the progress made in the field of ecological-economic modeling of marine and coastal ecosystems, in particular, by stressing the need to incorporate more realistic biology as well as the spatial dimension in integrated models for sustainable coastal management. The discussion undertaken is based on a recent application of an integrated ecological-economic model that is spatially explicit by Altman et al. (2012), and should provide guidance to the GOI’s research project to the Peniche-Nazaré study site in the Portuguese coast.