Environment Economics

Code:

LEC514

Acronym:

EMA

Keywords
Classification	Keyword
OFICIAL	Economics

Instance: 2006/2007 - 2S

Active?	Yes
Web Page:	http://www.fep.up.pt/disciplinas/LEC514/index.html
Responsible unit:	Grupo de Economia
Course/CS Responsible:	ECONOMICS

Cycles of Study/Courses

Acronym	No. of Students	Study Plan	Curricular Years	Credits UCN	Credits ECTS	Contact hours	Total Time
ECO	116	Official Curricular Structure since 2004	4	2	4	-
GES	54	Official Curricular Structure since 2004	4	2	4	-

Objectives

Informations and readings will be provided to the students, so that they shoud be able to understand and discuss the main theoretical and practical issues of environmental economics.

Program

• The environmental dimension of economics: Introductory concepts. Connections between economics and the environment. The origins of environmental economics.
• Introductory approach to the economics of the environment: Externality and internalisation; Optimum level of pollution.
• Economics and politics of the environment: taxes, subsidies, negotiations, tradable emissions permits, voluntary agreements, mixed instruments. Some evaluation criteria of environmental policies
• Instruments of environmental policy applied to reality: Ecotaxes, green tax reform and the question of the double dividend, tradable permits in a regional and international basis - the flexible mechanisms from the Kyoto Protocol; voluntary agreements and ecomarketing
• Environmental management and ecological accounting
• Total economic value of the environment. Monetary evaluation of the environment. Theoretical fundamentals, most common evaluation methods (substitution and hipothetical markets), Practical case studies
• Growth and sustainable development: weak and strong sustentability; sustentability indicators
• New approaches in Environmental Economics: Ecological Economics

Main Bibliography

Pearce, David W.; Turner, R. Kerry: Economics of Natural Resources and the Environment", Harvester Wheatsheaf, 1990.
Faucheux, Sylvie; Noel, Jean-François: Economia dos Recursos Naturais e do Meio Ambiente, Instituto Piaget, 1995.

Complementary Bibliography

• Baumol, William J.; Oates, W.E.: The Theory of Environmental Policy, 2 ed. reprinted, Cambridge [u.a.]: Univ. Press, 1988
• Field, Barry C.: Environmental Economics - An Introduction, McGraw Hill, 1997
• Folmer, Henk; Gabel, Landis; Opschoor, Hans: Principles of Environmental and Resource Economics, Edward Elgar Publishing, 1997
• Kula, E. (1998): History of Environmental Economic Thought, Routledge Studies in the History of Economics
• Tylecote, Andrew; van der Straaten, Jan: Environment, Technology and Economic Growth - The Challenge to Sustainable Development, Edward Elgar Publishing, 1997

Teaching methods and learning activities

Mixed lectures and tutorials.

Software

Does not apply to this case

Evaluation Type

Distributed evaluation with final exam

Eligibility for exams

Does not apply to this case

Calculation formula of final grade

1. Final Classification = classification of final exam
2. Final Classification = 70% x classification of research project + 30% x classification of test or final exam
3. Final Classification = 20% x classification of Individual essay and its presentation + 80% x classification of test or final exam
4. Final Classification + optional bonus for participation in the classes (till 7,5%)

Examinations or Special Assignments

Does not apply to this case

Special assessment (TE, DA, ...)

It folows the general rules

Classification improvement

It folows the general rules

Observations

Co-ordinator: Cristina Chaves