Public University of Navarre

Castellano | Academic year: 2023/2024 | Previous academic years:  2022/2023  |  2021/2022  |  2020/2021  |  2019/2020 
International Double Bachelor's degree in Economics, Management and Business Administration at the Universidad Pública de Navarra
Course code: 176845 Subject title: ENVIRONMENTAL ECONOMICS
Credits: 6 Type of subject: Optative Year: Period: 1º S
Department: Economía
OSES ERASO, NURIA (Resp)   [Mentoring ]

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Module/Subject matter

Economic Analysis



This Environmental Economics course is intended to serve as an introduction to the concepts, theories, and methods used in the economic analysis of environmental and natural resource issues. The course covers topics such as the sustainability problem, the principles of market efficiency, and why the market often appears to fail where environmental and natural resource issues are concerned.

Economic principles and tools are used to discuss pollution problems, including climate change. Environmental policy prescriptions and tools designed to correct such market failures are explored.

The management and use of renewable natural resources such as forests and fisheries, as well as the problem of managing nonrenewable resources are covered in the Natural Resource Economics course (spring semester).


General proficiencies

CG01 Analytical capacity.

CG04 Writing and speaking in English.

CG07 Solving problems skills.

CG17 Autonomous learning.

CG23 Sensibility towards social and environmental problems.


Specific proficiencies

CE01 Understand economic institutions as the result of theoretical or formal representations of modern economies.

CE02. Identifying the relevant sources of economic information and their content

CE04 Use scientific tools and professional criteria to analyse economic problems.

CE08 Identify and anticipate relevant economic issues relating to the allocation of resources.

CE10 Evaluate the implications of alternative economic policies and select those that better achieve the policy targets.


Learning outcomes

R_MAE_06. Identify and analyze environmental problems from an economic perspective.

R_MAE_07. Analyze and evaluate different environmental policies to face the main environmental problems.

R_MDC_03. Identify and analyze environmental problems from an economic perspective.

R_MDC_04. Analyze and evaluate different environmental policies to face the main environmental problems.



Methodology - Activity Attendance Self-study
A-1 Exposition/Participative Classes 44  
A-2 Practical classes 14  
A-3 Cooperative learning activities   10
A-4 Group projects   20
A-5 Individual practice and study time   58
A-6 Tutorials   02
A-7 Exams and evaluation activities 02  
Total 60 90




Weight (%) It allows
test resit
required grade
All Test 30 Yes -
All Assignments 20 Yes -
All Analysis of environmental and economic information 20 No -
All Final exam 30 Yes -







Unit 1 - The economy and the environment.

1.1. Economy-environment interdependence.

1.2. Markets, externalities and efficiency.

Unit 2 - Pollution control. Targets.

2.1. Pollution problems.

2.2. Pollution damage.

2.3. Abatement costs.

2.4. Socially efficient level of emissions.

Unit 3 - Pollution control. Policies (I).

3.1. Criteria for evaluating environmental policy.

3.2. Decentralized policies.

3.3. Command and control policies: standards.

Unit 4 - Pollution control. Policies (II).

4.1. Incentive-based policies: taxes and subsidies.

4.2. Incentive-based policies: marketable emissions permits.

Unit 5 - The economics of climate change.

5.1. Climate change drivers.

5.2. Policies: mitigation and adaptation.



Access the bibliography that your professor has requested from the Library.

Basic bibliography

Field, B.C. y Field M.K. (2020): Environmental Economics: An Introduction, (8th edition), McGraw-Hill.

(There are previous editions that are also valid to follow the course.)

Complementary bibliography

Perman, R.; Ma, Y. McGilvray, J.; Common, M. (2012): Natural Resource and Environmental Economics (4th edition), Pearson.






UPNA, Campus Arrosadia, Pamplona.