Economics of the Environment
Keywords |
Classification |
Keyword |
OFICIAL |
Economics |
Instance: 2022/2023 - 2S
Cycles of Study/Courses
Teaching language
Portuguese and english
Objectives
This UC analyzes the links between Economics and the
Environment, which are fundamental today and have an
increasing relevance. The behaviors of the various
economic agents involved are analyzed, as well as their
consequences. The main methods of environmental
assessment are explored. Environmental policy strategies
to internalize environmental externalities are analyzed.
Learning outcomes and competences
At the end of the course, students are expected to be
familiar with the basic concepts of Environmental
Economics. They must also be able to critically analyze
the existence of environmental problems, the challenges
they entail, and the possible policy or market solutions
to these problems.
Working method
Presencial
Program
1.Introduction: interaction between Economics and the
Environment;Basic concepts.
2.The current paradigm and the circular economy
3.Central concepts in mainstream environmental economics:
Tragedy of the commons; Common pool resources;
Externalities.
4.Total economic value of the environment:
Monetary evaluation; Theoretical fundamentals;
most common evaluation methods (substitution and
hypothetical markets).
5.Environmental policy instruments:
Socially efficient level of pollution;
Command-and-control approach;
Pollution taxes and charges; Subsidies.
Green Tax Reform and Double Dividend.
6.Sustainable development: weak and strong sustainability;
sustainability indicators.
Mandatory literature
Cristina Chaves, Lígia Costa Pinto, Marieta Valente; Economia do Ambiente - conceitos e desenvolvimentos, Almedina, 2023
Field, Barry C.; Field, Martha K.;, ; Environmental Economics – An Introduction , McGraw-Hill, 2002 (3rd ed.)
Pearce, David W.; Turner, R. Kerry; Economics of Natural Resources and the Environment, Harvester Wheatsheaf, 1990
Complementary Bibliography
Määttä, Kalle:; Environmental taxes : an introductory analysis, Edward Elgar, 2006
Teaching methods and learning activities
The methodology is based on conventional teaching with both theoretical and practical issues, giving particular importance to the participation of the students in the classes and their ability of critical positioning regarding the topics under consideration.
keywords
Social sciences > Economics > Environmental economics
Evaluation Type
Distributed evaluation without final exam
Assessment Components
Designation |
Weight (%) |
Teste |
70,00 |
Trabalho escrito |
30,00 |
Total: |
100,00 |
Amount of time allocated to each course unit
Designation |
Time (hours) |
Estudo autónomo |
32,00 |
Frequência das aulas |
39,00 |
Trabalho de investigação |
10,00 |
Total: |
81,00 |
Eligibility for exams
Investigation work and final test.
Calculation formula of final grade
Distributed assessment: Final grade = 30% (research work and its oral apresentation)+ 70% (final test)
Minimum grade in the test: 6.0 (in 20).
Examinations or Special Assignments
Research work.