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Environmental Economics

Code 12422
Year 1
Semester S1
ECTS Credits 6
Workload OT(15H)/TP(30H)
Scientific area Economics
Entry requirements Not required.
Mode of delivery The module is organised on lectures, discussion-based sessions and learning activities. The lectures combine a structured transmission of knowledge and analytical environmental Economics perspectives with empirical evidences, practical questions and case studies. The discussion-based classes aim to stimulate students’ capacity to problematise and produce well-informed arguments grounded on lecture contents, article journals, reports, video-conferences and data gathered from relevant sources. The e-learning activities complement classroom learning activities, providing students with resources, a wide range of activities and tutorial orientation.
Learning outcomes 1. Introduce topics from the contemporary environmental issues;

2. Provide economics theories, concepts, methods and policies to deal with environmental and sustainable problems;

3. Debate the role of economics to grasp environmental and sustainable problems and the policies to solve them.



1. Explain the interdependence between the economy and the environment and economic functions of the environment

2. Explain theoretical approaches on market failures and environmental externalities

3. Examine economic environmental policy options for dealing with environmental externalities

4. Contrast theoretical approaches and policies on the links between environment and firms’ competitiveness

5. Discuss different economic approaches on the links between economic growth and environment upon theoretical and empirical evidences

6. Debate economic topics on the links between international trade and environment

7. Communicate effectively both in written and speaking.
Syllabus
1. Environmental Economics: rationale and object
1.1 Current environmental problems: facts and figures
1.2 Economic activity: cause or solution of environmental problems
1.3 The economic approach of environment

2. Market and Environment
2.1 Market failures and environmental externalities
2.2 Environmental-economic decision and social optimum
2.3 Valuation of environmental goods and services

3. Economic Environmental Policies
3.1 Private and public solutions
3.2 Command and control measures
3.3 Pollution taxes and subsidies
3.4 Market-based instruments
3.5 Tradable emission permits

4. Environment and Firm Competitiveness
4.1 Confronting different perspectives
4.2 Environmental regulation and firms’ competitiveness
4.3 Environment and firm performance

5. Economic Growth and Environment
5.1 Economic approaches
5.2 Environmental Kuznets curve: assumptions and empirical evidences
5.3 Environment and international trade
Main Bibliography 1. Pearce, David. Turner, Kerry, 1991. Economics of Natural Resources and Environment, London, Prentice Hall. - (Library/DGE - EG/5.16/99);

2. Thampapillai, Dodo, 2002. Environmental Economics, New York, Oxford Univ. Press. (Library/DGE - EG/5.16/126);

3. Hanley, N., Shogren, J. and White, B., 2001. Introduction to Environmental Economics, New York, Oxford Univ. Press. (Library/DGE - EG/5.16/125);

4. Faucheux, Sylvi, 1997. Economia dos Recursos Naturais e do Meio Ambiente, Lisboa, Instituto Piaget (Library /EG-5.16/000091);

5. Jaffe, Adam et al, 1995. “Environmental Regulation and the Competitiveness of U.S. Manufacturing: What Does the Evidence Tell Us?”, Journal of Economic Literature, Vol. XXXIII: 132-163;

6. Porter, Michael e van der Linde, Claas, 1995. “Green and Competitive”, Harvard Business Review, September-October: 120-135;

7. A reading list of texts announced in the course scheduling and description, available on the module e-learning platform.

Teaching Methodologies and Assessment Criteria The learning process combines classroom learning, lectures and debate-oriented and tutorial sessions, with independent study, individually or in group. These activities are supported by e-learning activities and online resources, as well as a close contact with instructor.
The lectures offer a structured transmission of micro and macroeconomic analytical tools on environment, framing the subjects addressed with empirical evidences, practical questions and case studies.
The discussion-based sessions aim to stimulate students’ capacity to problematise and produce well-informed arguments grounded on selected readings and lecture contents. Readings should be completed before class. Everyone will be expected to be prepared to actively participate in the discussion and to answer questions about the readings or lectures.
Tutorial sessions provide guidance for the students’ activities and support to students’ questions.
Language Portuguese. Tutorial support is available in English.
Last updated on: 2020-01-29

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