The course is divided into two parts. The first part aims to provide the conceptual and theoretical basis for understanding the main topics of environmental economics from the perspective of analyzing the interaction between human activities and the environment and its consequences. Topics such as environmental valuation methods, environmental externalities and the management of public goods will be addressed, providing students with skills in the tools of economic theory used to address these issues, such as command and control and market-based environmental policies. Both static and dynamic environmental sustainability issues will also be addressed. The second part, on the other hand, will focus on specific thematic areas of environmental economics relevant for the application of the tools addressed in the first part of the course: the thematic areas will be discussed in depth with the students during the lectures, recalling the aspects of the first part of the course useful for a more correct analysis of the issues in question. Practical exercises concerning each thematic area will also be proposed during lectures.
teacher profile teaching materials
1. Introduction to Environmental Economics
1.1 The origins of the environmental sustainability problem
1.2 Economy–environment interdependence
1.3 GDP growth and measures of well-being
1.4 Environmental sustainability and income and wealth inequality
1.5 Types of pollution: local, national, transboundary, and global
1.6 Natural resources: renewable and exhaustible resources
2. Environmental Policies: Objectives*
2.1 Public goods
2.2 Environmental externalities
2.3 Models of environmental pollution
2.4 Polluting emissions as stock and flow variables
2.5 Efficiency of polluting emissions in static models
2.6 Efficiency of polluting emissions in dynamic models
3. Environmental Policies under Certainty*
3.1 Taxes and subsidies
3.2 Command-and-control instruments
3.3 Emission permits
4. Environmental Policies under Risk*
4.1 Taxes and subsidies
4.2 Command-and-control instruments
4.3 Emission permits
5. Monetary Valuation of Negative Externalities*
5.1 Contingent valuation method
5.2 Hedonic pricing method and travel cost method
5.3 Cost-benefit analysis
Authorsi: Daniel J. Phaneuf , Till Requate (Autore)
Cambridge University Press, 2016.
Further lectures are provided by the teacher on Moodle website
Programme
Detailed syllabus1. Introduction to Environmental Economics
1.1 The origins of the environmental sustainability problem
1.2 Economy–environment interdependence
1.3 GDP growth and measures of well-being
1.4 Environmental sustainability and income and wealth inequality
1.5 Types of pollution: local, national, transboundary, and global
1.6 Natural resources: renewable and exhaustible resources
2. Environmental Policies: Objectives*
2.1 Public goods
2.2 Environmental externalities
2.3 Models of environmental pollution
2.4 Polluting emissions as stock and flow variables
2.5 Efficiency of polluting emissions in static models
2.6 Efficiency of polluting emissions in dynamic models
3. Environmental Policies under Certainty*
3.1 Taxes and subsidies
3.2 Command-and-control instruments
3.3 Emission permits
4. Environmental Policies under Risk*
4.1 Taxes and subsidies
4.2 Command-and-control instruments
4.3 Emission permits
5. Monetary Valuation of Negative Externalities*
5.1 Contingent valuation method
5.2 Hedonic pricing method and travel cost method
5.3 Cost-benefit analysis
Core Documentation
Title: A Course in Environmental Economics: Theory, Policy, and PracticeAuthorsi: Daniel J. Phaneuf , Till Requate (Autore)
Cambridge University Press, 2016.
Further lectures are provided by the teacher on Moodle website
Attendance
In classType of evaluation
Written exam with exercises and open-ended questions