Christian-Albrechts-Universität zu Kiel (CAU) is a full university owned by the German State of Schleswig - Holstein. At its eight faculties it currently teaches about 23.000 students, with 1.165 scientific staff involved both in teaching and research. In research, CAU is well-profiled; e.g. it currently holds 3 projects funded by the German “Excellence Initiative” and has participated in over 40 projects funded by EU’s 6th Framework Programme and is currently involved in 30 projects and successful proposals under the EU’s 7th Framework Programme. The Department of Economics, has a long tradition in the field of resource economics. Several major research projects have been coordinated. In particular, the department hosts two research groups within the ‘Cluster of excellence’ Future Ocean, specially funded by the German Federal Government. One of these working groups is dealing with questions of sustainable fisheries management. This group consists of leading scientists in the field of resource economics, population dynamics of exploited fish stocks, and marine ecology.