Public University of Navarre

Castellano | Academic year: 2024/2025 | Previous academic years:  2023/2024  |  2022/2023  |  2021/2022  |  2020/2021 
Bachelor's degree in Economics at the Universidad Pública de Navarra
Course code: 171812 Subject title: ENVIRONMENTAL ECONOMICS
Credits: 6 Type of subject: Optative Year: 4 Period: 1º S
Department: Economía
OSES ERASO, NURIA (Resp)   [Mentoring ]

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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.



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.


General proficiencies

Not applicable


Specific proficiencies

Not applicable


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 - 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 Specialization program: joined challenge / Without specialization program: environmental and economic data analysis 30 No -
All Final exam 20 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.