Environmental Economics
Lecturer: Jankó Ferenc
Course type: lecture and seminar
Objective of the course:
Overview of environmental issues and discourses, environmental ideas and particularly of theories in environmental economics: the Pigovian and Coasean tradition. To analyse the link between economic behaviour, growth and environmental degradation, the utilization path of environmental resources and ecosystem services. The possibilities of environmental policy and a sustainable economic transformation will be considered.
Assessment:
Assessment and grading based on individual, oral presentations. Topic: an environmental conflict in my country using the course material as an approach
Feedback for the teacher:
Written exam to reflect the main topics – what you have learned during the class
Schedule:
Topic 1. Environmental problems as social and economic issues. Environmental discourses
Topic 2. Global environmental problems
Topic 3. Subject and basic concepts of environmental economics
Topic 4. Economic understanding of sustainability. The possibilities of a sustainable transformation
Topic 5. Environmental indicators in economics.
Topic 6. Economics of natural resources. The tragedy of the commons. Economic evaluation of nature and the environment
Topic 7. The relationship between economic development and environmental degradation. Karl Polanyi and The Great Transformation
Topic 8. The traditions of welfare economics and market failures. Environmental externalities and the problem of public goods. The economics of environmental pollution. The Pigovian Tax
Topic 9. The Coase Theorem and transaction costs
Topic 10. Tools of environmental policy for externalities. Permissions, contracts, compensations, direct rules, emissions trading schemes, economic incentives (taxes, norms, funding)
Topic 11. Energy and climate policy
Learning materials:
Common, M., Stagl, S. 2005: Ecological Economics. An Introduction. Cambridge University Press
Endres, A. 2011: Environmental Economics. Theory and Policy. Cambridge University Press
Spash, C.L. 2005: Greenhouse economics: Value and Ethics. Routledge, London-New York
Dryzek, J. 2004: The Politics of the Earth. Environmental Discourses. Oxford University Press, Oxford-New York
Perman, R., Ma, Y., McGilvray, J., Common, M. 2003: Natural Resource and Environmental Economics. Third Edition, Pearson Education Limited
Tietenberg, T., Lewis, L. 2012: Environmental & Natural Resource Economics 9th Edition, Pearson Education Limited