Programme

1. Introduction to environmental economics
1.1 The origins of the problem
1.2 Interdependency economy-environment
1.3 GDP growth and welfare measure
1.4 Sustainability
1.5 Pollution extension and types
1.6 Natural resources

2. Ethics and economics
2.1 Natural philosophy
2.2 Libertarian philosophy
2.3 Utilitarianism
2.4 Critique to utilitarianism

3. Social welfare and environmental sustainability
3.1 Pareto efficiency
3.2 Social welfare function
3.3 Kaldor- Hicks-Scitovsky compensation tests
3.4 Market failures
3.5 Second-best theorem

4. Environmental policy
4.1 Public goods
4.2 Externalities
4.3 Environmental pollution models
4.4 Flow and stock of polluting emissions
4.5 Emission efficiency in static models
4.6 Emission efficiency in dynamic models

5 Environmental policy: instruments
5.1 Tax and subsidy
5.2 Command-and-control
5.3 Permits

6 Monetary valuation
6.1 Contingent valuation method
6.2 Hedonic price method
6.3 Cost-Benefit analysis

Core Documentation

Title: Natural Resources and Environmental Economics. 4th Edition, 2011
Authors: Perman Roger, Ma Yue, Common Micheal, Maddison David, McGilvray James.
Editor: Pearson
Given the actual Covid-19 emergency lecture notes in substitution of the main text are available on Moodle.

Type of delivery of the course

Online Lectures on Teams unless otherwise stated.

Type of evaluation

Given the actual Covid-19 emergency the final evaluation will be given by means of online oral exams.