Environmental Economy

Recommended Prerequisites

Not applicable.

Teaching Methods

Classroom interaction:

The lectures are organized to encourage students’ active involvement in learning, fostering student-teacher interaction.

In some classes the theoretical contents are exposed, stimulating the discussion of their importance and validity. In others, theoretical knowledge is applied to discuss and solve (real and/or simulated) problems, hence contributing to the course objectives’ achievement.

Evaluation - Two alternative assessment schemes are proposed:

(i) Continuous assessment

(ii) final exam.

Learning Outcomes

O1. To identify the main topics analyzed in the disciplines studying the relationships between the economy, the environment and society.

O2: To discuss the need for environmentally sound solutions to global/regional problems, namely including the identification of specific policies aimed at promoting sustainable development strategies;

O3. To establish the concept of sustainable development and identify basic strategies for its promotion.

O4. To recognize and adjust the concepts of externalities and market failures to the context of Environmental Economics.

O5. To know and understand the strengths and weaknesses of the major approaches to: the theory of natural resources; the economics of pollution; and the environmental economic valuation.

These learning outcomes contribute to develop several skills, namely those of critical reasoning, analysis and synthesis, problem solving, information interpretation and analysis, and group interaction.

Work Placement(s)

No

Syllabus

1. The Environmental Economics field of study

2. Natural resource economics

3. Economics of pollution

4. Total Economic Value of environmental goods and services

5. Environmental strategies and policy.

Head Lecturer(s)

Luís Miguel Guilherme Cruz

Assessment Methods

Continuous assessment
Continuous assessment: 100.0%

Final assessment
Final assessment: 100.0%

Bibliography

Colby, Michael E. (1989) “The Evolution of Paradigms of Environmental Management in Development”, Strategic Planning and Review Department, The World Bank, WPS 313, November.

• Hussen, Ahmed (2013) Principles of Environmental Economics and Sustainability: An Integrated Economic and Ecological Approach, 3rd Ed., Routledge.

• Perman, Roger; Ma, Yue; Common, Michael; Maddison, David; Mcgilvray, James (2011) Natural Resource and Environmental Economics, 4th Ed., Addison-Wesley.

Recursos Específicos/Specific Resources

São disponibilizados no website da unidade curricular diapositivos de suporte às aulas.

There are available on the course website slides to support lectures (powerpoint presentations).