The course covers topical issues such as sustainable development, climate change, and efficiency in the use of environmental resources. To this end, economic theories are used to analyse and understand environmental phenomena in their intersection with human activities. The main economic foundations used by environmental economics are explained and contextualised with respect to concrete dynamics of the functioning of markets and consumer choices. The course then deals with the issues of environmental externalities and the management of public goods, through the analysis of the main instruments of environmental policy such as taxation, the imposition of standards and controls, and the mechanisms for trading permits to pollute. In addition, empirical evaluation techniques of environmental policies are analysed.
teacher profile teaching materials
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
In substitution to lecture notes:
Title: Natural Resources and Environmental Economics. 4th Edition, 2011
Authors: Perman Roger, Ma Yue, Common Micheal, Maddison David, McGilvray James.
Editor: Pearson
Mutuazione: 21201502 ECONOMIA DELL'AMBIENTE in Economia L-33 N0 SPINESI LUCA
Programme
1. Introduction to environmental economics1.1 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
Lecture notes available on Moodle.In substitution to lecture notes:
Title: Natural Resources and Environmental Economics. 4th Edition, 2011
Authors: Perman Roger, Ma Yue, Common Micheal, Maddison David, McGilvray James.
Editor: Pearson
Type of delivery of the course
Written, oral examinationAttendance
Lectures in classType of evaluation
Written with exercises and open questions