Knowledge and understanding:
On completion of the course students should be able to understand the environmental restriction to economic growth and evaluate the tradeoff between growth and environment;
Students should understand environmental ethics as a framework for economic and social choices. Knowledge of microeconomic theory on market failure and the concepts and techniques for valuing the environment.
Skills:
Students should be able to use environmental valuation techniques to identify demand for environmental goods.
1. Introduction: What is environmental Economics?
2. The economic growth and environment debate
3. Environmental Ethics and the economy: How much environmental protection?
4. Market Failure: Public Bads and Externalities
5. Property Rights
6. Pigovian Fees
7. Regulating Pollution
8. Valuing the environment: concepts
9. Valuing the environment: methods
10. The options for environmental management
Lectures are mainly driven by students’ presentation of syllabus themes supported by the main bibliography. After each presentation there is a period of open debate and discussion of the subject presented. The teacher is a moderator used to guide the debate and also to give orientation and extra information whenever is needed. The texts and students’ PowerPoint presentations are available on the Moodle class website before each class. Students’ presentations are scheduled at the beginning of the semester allowing students to do the readings necessary for full class participation.
Charles Kolstad. Environmental Economics, Oxford University Press 2009.
Ian Hodge. Environmental Economics, McMillan Press 1995
Garrod, Guy e Wills, Keneth. Economic Valuation of the Environment: methods and case studies, Edward Elgar, Cheltenham - UK, 1999.
Roger Pearman , Yue Ma, James McGilvray e Michael Common. Natural Resource and Environmental Economics, Pearson Education 2003.
Ton Tietenberg. Environmental and natural resource economics, Pearson International Edition, 2003.
0200981
7.5
