1. General comment:
The class is divided in three parts. The first part provides a general overview of the relationship between economics and the environment. In the second part we study different
policy instruments at different levels - households, firms, sector or international. In the last part we concentrate on the demand for environmental goods and the estimation of its monetary value.
2. PART I TEORY
3. ITEM 1. Introduction
4. ITEM 2 THE ECONOMY AND THE ENVIRONMENT
5. ITEM 3 GOVERNANCE OF NATURAL RESOURCES
6. 3.1 Criteria for taking collective decisions
7. 3.2 Assignment of rights and responsibilities
8. ITEM 4 SUSTAINABILITY: POLITICAL AND ECONOMIC CONCEPTS
9. ITEM 5 COST BENEFIT ANALYSIS
10. 5.1 Basic concepts (cost-benefit analysis, cost effectiveness, environmental impact analysis)
11. 5.2 Evaluation criteria: Net present value, internal rate of return
12. 5.3 Monetary evaluation of input and output flows, intertemporal evaluation, uncertainty and irreversibility and distributional aspects
13. PART II ENVIRONMENTAL POLICY
14. ITEM 6 ECONOMIC ANALYSIS OF ENVIRONMENTAL POLICY INSTRUMENTS
15. 6.1 Decentralized and centralized policies (standards, incentives, voluntary approaches)
16. ITEM 7 CLIMATE CHANGE POLICY
17. 7.1 The Kyoto treaty
18. 7.2 Carbon footprint, carbon neutrality
19. ITEM 8 WATER RESOURCES MANAGEMENT
20. 8.1 Legislation
21. 8.2 Economic instruments to balance supply and demand
22. PART III DEMAND FOR ENVIRONMENTAL GOODS
23. ITEM 9 THEORY OF THE DEMAND FOR ENVIRONMENTAL GOODS
24. 9.1 Types of environmental goods (use values and non-use)
25. 9.2 The demand for environmental goods
26. 9.2.1 The administrative approach - environmental impact - legislation
27. 9.2.2 The economic approach (hedonic pricing, travel cost, contingent valuation (surveys))
EXAMS / EXERCISES:
The evaluation of the midterm quiz/final exam is based on the responses to the questions raised, a precise and clear formulation of the text, and the justification and argumentation of the answers.
The evaluation of problem sets is based on the correct response to the exercises, the resolution process, and its result, and the presentation of the results.
The valuation of the case studies is based on the description and possible contribution of economics for the considered empirical problem.
The final mark in the first call is calculated according to:
a) 60% of the mark is obtained for the final exam
b) 25% (non-recoverable) of the mark is obtained for the solution of problem sets/midterm quiz, and for the participation in the classroom.
c) 15% (non-recoverable) of the mark is obtained for the analysis of the case study
The final mark in the second call is calculated according to:
a) 60% of the mark is obtained for the exam of the second call
b) 25% of the mark is obtained for the solution of the problem sets, midterm quiz, and for the participation in the classroom.
c) 15% of the mark is obtained for the analysis of the case studies.
Criteris específics de la nota «No Presentat»:
If a student does not hand in the midterm quiz, the case study and the final examen the overall qualification of the course is "Not presented"
The single evaluation of the entire course as a substitute for the continuous evaluation is based on a single examen that consists of a written and oral part. The grade of the examen constitutes the grade of the course.
Requisits mínims per aprovar:
The average grades of the different evaluations of the course have to be at least a five and the minimum grade of the final examen has to be at least a four.