Environmental Policies and Economics

Recommended Prerequisites

There are no specific requirements beyond the general conditions for admission to the study cycle.

Teaching Methods

Lectures detail exposition about principles, theories and real examples providing: a general introduction to a section of the syllabus; a broad overview of a new topic or subject area to prepare the students for detailed study of specific aspects thereof; in in-depth view with an important principle, law, method, etc. and its main applications. The teaching methodology relies on oral exposition with audiovisual material.
In practical classes, students are devoted to solving peculiar problems. This process of problem-solving is teacher-aided and based on an initial given data and solution topics.

Learning Outcomes

Know the fundamentals and have a global view of environmental policies. Understand the main concepts, principles and theories to explain and understand the relations between the economy and the environment.
Address environmentally sound solutions to investment problems and programs.
Identify policies for the promotion of sustainable development strategies.
State the advantages and limitations of natural resource theory, the economics of pollution and the economic valuation of environmental resources.

Work Placement(s)

No

Syllabus

1.Introduction

2. Environmental Policy
2.1. Introduction and historical perspective
2.2. General principles of environmental policy
2.3. Environmental policy and sustainable development
2.4. Environmental instruments of a political nature

3. Environmental Economics
3.1. Principles of microeconomics.
3.2. Private initiative and companies.
3.3. Markets and government.
3.4. Demand and supply.
3.5. Economics of natural resources.
3.6. Pollution economy.
3.7. The European Green Deal and action plan for the circular economy
3.8. Assessment of projects including their economic and environmental viability

Head Lecturer(s)

Fernando José Telmo Dias Pereira

Assessment Methods

Assessment
Resolution Problems: 30.0%
Exam: 70.0%

Bibliography

Documentos da ONU, UE e Estado português sobre políticas de desenvolvimento sustentável (documents of the UN, EU and the Portuguese State on sustainable development policies).
Paul A. Samuelson, William D. Nordhaus, Economia, MacGraw - Hill, 2004;
Roger Perman, Yue Ma, Michael Common, David Maddison, James McGilvray, Natural resource and environmental economics, 4th ed., Prentice Hall/Pearson Education, 2011;
Tom Tietenberg, Lynne Lewis, Environmental & natural resource economics, 9th ed., Prentice Hall/Pearson Education, 2012.