Economic Aspects of Environmental Management

Recommended Prerequisites

Not applicable.

Teaching Methods

Lectures.

Learning Outcomes

Resource Management: Students are familiar with the interactions between ecological and economic systems. They understand the economic approach to the management of renewable and nonrenewable resources as well as the interdependence between different resource uses. They are able to apply these concepts to the design of integrated resorce management policies.

Economics: Participants are able to analyse a wide range of issues in open economy macroeconomics and to identify economic problems on a national and global scale and to take them into account while designing sustainable management measures for the environment.

Work Placement(s)

No

Syllabus

Resource Management: Principles of inter-temporal resource allocation, public and private goods, externalities, property rights, non-market valuation systems, mathematical and statistical modeling

of resource use and evaluation, taxes and governmental regulation, design and application of natural resource policies. Case studies are used to apply the theory and for the in-depth study of selected topics.

Economics: Neoclassical and sustainable growth theories and policy, international trade theory and policy, regional integration, capital mobilty, migration; monetary, fiscal and exchange-rate policy in an open economy; European Union, World Bank, International Monetary Fund, etc.

Assessment Methods

Assessment
Other: 100.0%

Bibliography

Neher, P.: Natural resource economics.

DeLong, B.: Macroeconomics.

Krugman/Obstfeld/Melitz: International Economics.