The Law and Economics of the Environment

Recommended Prerequisites

English.

Teaching Methods

Teaching: Seminars alternating with theoretical and practical classes.

Evaluation: Continuous assessment through presentation and discussion of papers.

Learning Outcomes

Basic environmental economics theory and the need for public intervention in environmental policy. Main environmental problems and the different instruments for their minimization and their critical evaluation. 

Work Placement(s)

No

Syllabus

1 . - Market Efficiency and the Environment

1.1 - Market efficiency

1.2 - Environmental market failures

1.2.1 - Externalities

1.2.2 - Public Goods, in particular Global Public Goods

2 - Public intervention

2.1 - Economic Rationale

2.2 - Instruments

2.2.1 - Command and control regulations

2.2.1.1 - Precautionary Principle

2.2.1.2 - Irreversabilities

2.2.1.3 - Other

2.2.2 - Market instruments

2.2.2.1 - Environmental taxes

2.2.2.2 - License Emissions Market

2.2.2.3 - Other

3 - Environmental Policies

3.1 - International Agreements

3.2 - European Environmental Policy

3.2.1 - Framework

3.2.2 - Plurianual Programs and the European Ecological Pact

3.2.3 - Sectorial Policies and horizontal strategies.

Head Lecturer(s)

Teresa Maria Coelho Marques Almeida Moura Ramos

Assessment Methods

Assessment
Continuous assessment through presentation and discussion of papers: 100.0%

Bibliography

Field e Field, 2020, Barry e Martha, "Environmental Economics, An Introduction", 8ª ed., McGraw-Hill Education

 Tietenberg e Lewis 2019, Tom e Lynne, "Environmental Economics: The Essencials", 1ª ed., Routledge

Será disponibilizada bibliografia adicional aos alunos durante o semestre para aprofundamento de conteúdos programáticos e discussão em aula.