Environmental Economics: Part I, Theory

Anno accademico
2017/2018 Programmi anni precedenti
Titolo corso in inglese
Environmental Economics: Part I, Theory
Codice insegnamento
PHD020 (AF:260614 AR:152917)
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
I Semestre
Anno corso
The course aims to give students a methodological background in environmental and natural resource economics, providing insights on (i) the economic theory of market failures, environmental externalities, natural and environmental resources depletion and management; (ii) project appraisal and environmental valuation; (iii) policy instruments for environmental management and regulation. The course will include excel-based exercises and applications of principles of environmental economics and natural resource management. All lectures require bringing your own PC.
Lesson plan

Dr. Enrica De Cian
no. 1
Environmental Economics – An introduction, basic concepts and outline of key issues (09/10/2017 10.00 - 13.00)
Welfare economics and the environment
Market failure and the role of environmental policy
Basic concepts at work: exercises using Excel
Perman et al., chap. 1, 2, 5
no. 2
Project appraisal (09/10/2017 14.00 - 17.00)
Cost-benefit analysis
Valuing the environment
CBA at work: CBA using Excel
Perman et al., chap. 11, 12
Hallegatte, S. (2006)
Brian C. Murray et al. (2010).
de Groot et al. (2012).
no. 3
Policy instruments (30/10/2017 10.00 - 13.00)
Policy instruments: introduction
Price versus quantities
Environmental policy and innovation
The Political Economy of Energy Innovation
Policy instruments at work. Hands-on the EPS database
Botta, E. and T. Koźluk (2014)
Carraro C., De Cian E., Nicita L., Massetti E., Verdolini V. (2010)
Dasgupta S., De Cian E. and Verdolini E. (2016)
Perman et al., chap. 6, 7
no. 4
Growth and the environment (30/10/2017 10.00 - 13.00 e 14.00 - 17.00.)
Environmental Kuznet Curve
Energy and development
Reading material to be handed out during the course

Dr. Eboli
no. 5
Basic Concepts of Natural Resources Economics: Renewables vs Nonrenewables Dynamics.
Conrad, chap. 1.0-1.2
no. 6
Discounting and Steady-State Bioeconomic Optimum
Conrad, chap. 1.3-1.4
no. 7
Solving Numerical Allocation Problems using Excel’s Solver
Conrad, chap. 2.5-2.8
no. 8
Mainstreaming Environmental Economics in policymaking: the Sustainable Development Goals
Reading material to be handed out during the course
Required readings
These are listed in relation to each lecture.

Recommended readings
Barry C. Field & Martha K. Field (2009), Environmental Economics: An Introduction, 5th edition.
Botta E. and Koźluk T. (2014), “Measuring Environmental Policy Stringency in OECD Countries: A Composite Index Approach”, OECD Economics Department Working Papers,No. 1177, OECD Publishing. http://dx.doi.org/10.1787/5jxrjnc45gvg-en
Murray B.C. et al. (2010), “Payments for Blue Carbon. Potential for Protecting Threatened Coastal Habitats”, Nicholas Institute for Environmental Policy Solutions, Duke University. Policy brief. NI PB 10-05 | December 2010 | nicholasinstitute.duke.edu
Carraro C., De Cian E., Nicita L., Massetti E. and Verdolini E. (2010), “Environmental Policy And Technical Change: A Survey”, International Review of Environmental and Resource Economics, Vol. 4, pp. 163–219
Conrad J.M. (2011), Resource Economics, Cambridge University Press (2nd Edition).
Dasgupta S., De Cian E. and Verdolini E. (2016), The Political Economy of Energy Innovation, in “The Political Economy of Clean Energy Transitions”, (eds) D. Arent, C. Arndt, M. Miller, F. Tarp, O. Zinaman, Oxford University Press and Nota di Lavoro 35.2016, Milan, Italy: Fondazione Eni Enrico Mattei.
de Groot et al. (2012). “Global estimates of the value of ecosystems and their services in monetary units”, Ecosystem Services, 1 (2012), pp. 50–61
Hallegatte S. (2006), A Cost-Benefit Analysis of the New Orleans Flood Protection System. Available from the instructor.
Perman R., Ma Y., McGilvray J. and Common M., (2003), Natural Resource and Environmental Economics, Pearson (3rd Edition).
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.