Programme

Detailed syllabus

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

Core Documentation

Title: A Course in Environmental Economics: Theory, Policy, and Practice
Authorsi: Daniel J. Phaneuf , Till Requate (Autore)
Cambridge University Press, 2016.
Further lectures are provided by the teacher on Moodle website

Attendance

In class

Type of evaluation

Written exam with exercises and open-ended questions