Universidad Pública de Navarra - Nafarroako Univertsitate Publikoa
Public University of Navarre
| Course code: 171812 | Subject title: ENVIRONMENTAL ECONOMICS | ||||
| Credits: 6 | Type of subject: Optative | Year: 4 | Period: 1º S | ||
| Department: Economía | |||||
| Lecturers: | |||||
| OSES ERASO, NURIA (Resp) [Mentoring ] | |||||
Module/Subject matter
This course, although it can be taken independently, is also part of the Challenge-linked Specialization Program on Sustainable Development, which integrates the following subjects:
- Environmental Economics
- International Protection of Human Rights
- Leadership Development
- Natural Resources Economics
Successful completion of the program results in a milestone in the academic dossier: "Specialization Program in Sustainable Development". Completion of this program offers the option of a 24 ECTS Sustainable Development Specialization Internship in the spring semester.
Contents
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.Learning outcomes
RA04: Identify the main instruments of public intervention and relate policy recommendations to economic, environmental and social sustainability.
RA07: Knowing the relationship between verbal, graphic, mathematical and econometric analysis in the study of economics.
RA09: Identify and recognise the sources of relevant economic information and their content.
RA11: Use professional criteria for economic analysis, preferably those based on the use of technical instruments.
RA13: Apply rationality to the analysis and description of any aspect of economic reality.
RA17: Prepare reports and transmit ideas on any economic subject, with clarity and coherence, to both specialised and non-specialised audiences.
RA23: Understand and express reasoned value judgements based on sound economic principles and data on current socio-economic problems in a multidisciplinary way
Methodology
| 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 |
Evaluation
| Learning outcome |
Assessment activity |
Weight (%) | It allows test resit |
Minimum required grade |
|---|---|---|---|---|
| All | Test | 30 | Yes | - |
| All | Assignments | 20 | Yes | - |
| All | Analysis of environmental and economic information | 20 | No | - |
| All | Final exam | 30 | Yes | - |
Agenda
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.
Bibliography
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.