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Environmental Economics

Code 16285
Year 1
Semester S1
ECTS Credits 6
Workload TP(30H)
Scientific area Economics
Entry requirements No exigible
Learning outcomes Provide an overview of the Economics of Environmental Policy.
From the setting of goals to the choice of alternative policy instruments.
Use the economic framework and knowledge to evaluate environmental problems and policies.
Highlight the diversity in the nature and context of environmental problems.
Discuss different economic approaches on the links between economic growth and environment upon theoretical and empirical
evidences
Discuss topics concerning the links between international trade and environment
Discuss relevant facts and documents of global, EU and Portuguese environmental policies.
To raise independent research skills, namely critical analytical reasoning in order to produce an applied economic quantified
analysis
Syllabus 1.Introduction
2. Fundamentals of welfare economics
2.1. Public goods
2.2. Externalities
2.3. Efficiency and equity
2.4. Public choice
3- Environmental Control Theory
3.1.- Coase Theorem
3.2- Pigouvian taxation
3.3. Pareto Optimal Pricing rules
4- Environmental policy Instruments
4.1- Efficiency/Cost-effectiveness. How to evaluate policies?
4.2 - Cost effective pollution control instruments
5- Managing Global Commons
6. Economic Growth and Environment
6.1 Economic approaches
6.2 Ecoefficiency and relative and absolute decoupling
6.3 Environmental Kuznets curve: assumptions and empirical evidences
Main Bibliography Pearce, David W.; Turner, R. Kerry; Economics of Natural Resources and the Environment, Harvester Wheatsheaf, 1990
Hanley, N., Shogren,J., White, B., Environmental Economics: In theory and in Practice, MacMillan Press Limited, 1997
Kolstad., C., Environmental Economics, Oxford University Press, 2000
Field, Barry C.; Field, Martha K.. Environmental Economics – An Introduction, McGraw-Hill, 2002 (3rd ed.)
C, Perman, R., Yue Ma, J. McGilvray, and M. Common, Natural Resource and Environmental Economics, Pearson, Addison Wesley,
3rd edition, 2003.
Scarcity and Growth Revisited, Simpson, D., M. Toman, and R. Ayres, eds., RFF, 2005.
T, Tietenberg, T. and L. Lewis, Environmental and Natural Resource Economics, 8th ed., Pearson International Edition, 2009
Teaching Methodologies and Assessment Criteria Lectures on topics based on illustrative examples, revision and discussion. The course will have 3 homework assignments, mostly readings and written work to hand in, and various problems. On average, students will have approximately 10 hours of work per week outside the classroom. The course timetable and list of references will be available on the course page. In the Teaching-Learning component, the assessment will consist of a report/work which will have a weighting of 30% in the final grade and the resolution in class of 3 practical application exercises with a weighting of 20% in the final grade. Final test with a weighting of 50%.
The final exams to be held in the normal or appeal period will have a weighting of 100%.
Language Portuguese. Tutorial support is available in English.
Last updated on: 2023-09-24

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