21810128 - ECONOMICS OF ENERGY AND THE ENVIRONMENT

The course is aimed at providing the main tools for acquiring the dimension of the environment in contemporary political, social and economic analysis. From this point of view, the following educational objectives are set in the specific:

- frame the environment in the economic disciplines and acquire the theoretical groundings of the environmental economics and policy

- know the tools framed in the economic theory for identifying, assessing and minimizing threats and/or damages to the environment

- understand the issues of environmental resources (soil, air, water, finite and renewable energy sources) in a short and medium-long term perspective of development economics and development policy

- study the topic of energy as a renewable and non-renewable natural resource and the related environmental issues

- identify the environmental positions, actions and programs of some of the main players in the European and world system

- acquire knowledge of the tools for evaluating the environmental aspects of the investment projects
teacher profile | teaching materials

Programme

PART 1: ECONOMY OF THE ENVIRONMENT

The extended economy
Environment and ethics
Economic growth, population growth and the environment
Sustainable development
The functioning of the markets and the causes of their failure
The failure of public intervention
Cost-benefit analysis
The evaluation of the interest for nature
Addressing uncertainty
Recourse to the market to protect the environment
The establishment of taxes for the use of the environment
Ecological taxes
Trade in environmental permits
Setting environmental standards
Renewable resources
Non-renewable resources

PART 2: ENERGY ECONOMY
The energy system
Economy, energy and environment
The country's energy strategy

Core Documentation

Turner R.K., Pearce D.W., Bateman I., Economia ambientale, il Mulino, 2003
Ranci P. (ed.), Economia dell’energia, il Mulino, 2011

Reference Bibliography

No additional readings provided

Type of delivery of the course

The teaching includes lectures, but also group exercises assigned during the course. The attendance of the lessons, although recommended, is not mandatory.

Attendance

Attendance is not mandatory but highly recommended.

Type of evaluation

The exam consists of a written and an oral test. Both include theoretical and practical questions relating to the whole program.