Environmental Economics: Part II, Methods and Applications

Anno accademico 2016/2017 Programmi anni precedenti
Titolo corso in inglese Environmental Economics: Part II, Methods and Applications
Codice insegnamento PHD020 (AF:242009 AR:132122)
Crediti formativi universitari 2.5 su 5 di Environmental Economics: Theory, Methods and Applications
Livello laurea Corso di Dottorato (D.M.45)
Settore scientifico disciplinare SECS-P/01
Periodo I Semestre
Anno corso 1
Obiettivi Formativi
The course aims to give students a methodological background in environmental and natural resource economics, providing insights on (i) the economic theory of natural and environmental resources management; (ii) the theory of total economic value, with a focus on environmental income/capital; (iii) instruments for environmental management (including supply, command and control and economic instruments, with a focus on the latter) to assess trade-offs in environmental conservation/preservation at a national and international level; (iv) excel-based exercises and applications of principles of natural resource management.
Lesson plan
Dr. Pérez-Blanco
no. 1
Environmental Economics –An introduction, basic concepts and outline of key issues
Baumol and Oates, chap. 1, 2, 3
Perman et al., chap. 1, 2, 5
Mas-Colell, Whinston and Green, chap. 10
no. 2
The Total Economic Value. Why the environment matters
Arrow et al. (paper)
Perman et al., chap. 12
no. 3
Should the Government intervene? A discussion of market failures
Baumol and Oates, chap 4, 5
Perman et al., chap. 5, 6, 7, 8, 10
no. 4
Environmental policy in practice
Stavins, chap. 1, 2, 3
Baumol and Oates, chap. 11, 12, 13, 16
Testi di riferimento
Required readings
These are listed in relation to each lecture.
Recommended readings
Arrow K.J., Dasgupta P., Goulder L.H., Mumford K.J. and Oleson K., (2012), "Sustainability and the measurement of wealth," Environment and Development Economics, Cambridge University Press, vol. 17(03), pp. 317-353.
Baumol W.J. and Oates W.E., (1988), The Theory of Environmental Policy, Cambridge University Press.
Conrad J.M., (2011), Resource Economics, Cambridge University Press (2nd Edition).
Mas-Colell A., Whinston M. and Green J., (1995), Microeconomic Theory, Oxford University Press.
Pearce D. and Turner R., (1990), Economics of Natural Resources and the Environment, John Hopkins University Press.
Perman R., Ma Y., McGilvray J. and Common M., (2003), Natural Resource and Environmental Economics, Pearson (3rd Edition).
Stavins R.N., (2003), “Experience with market-based environmental policy instruments”, in: Handbook of Environmental Economics, Elsevier, pp. 355–435. (draft version available at: http://www.rff.org/documents/rff-dp-01-58.pdf )
Modalità di esame
Participation 20%
Students are expected to play an active role during the lectures
Final exam 80%
Written exam
The course may be enriched by the participation of some external lecturers (to be confirmed).
Attendance is required. The assignments are set out in the course syllabus. Academic honesty is an important part of university training. While students may discuss assignments with their classmates and others, they are expected to make sure any written material they submit is their own work. Students are expected to know how to cite the work of others and present a bibliography of the research texts that were used.