Growth Economics

Recommended Prerequisites

Microeconomics, Mathematics.

Teaching Methods

Learning is based on the exposure and theoretical deduction of the models and their explanation in terms of economic intuition. In addition, several concrete cases are proposed for discussion and resolution. For example, concrete cases of forest management and management of fisheries stocks are used in the chapters on the management of renewable natural resources. In addition, students are challenged to choose a paper proposed within the program's topics and present it, explaining it in the classroom.

Learning Outcomes

1. Understand environmental problems as externalities and their consequences in economic policy
2. Be able to implement cost-benefit analysis
3. Formulate optimal management problems for non-renewable natural resources
4. Formulate optimal management problems for renewable natural resources
5. Understanding the influence of technological progress on pollution and climate change
6. Understanding the influence of climate change on economic performance
7. Know how to indicate appropriate economic policy measures in the face of concrete problems

Work Placement(s)

No

Syllabus

1. Introduction: property rights, externalities and environmental problems
2. Cost-Benefit Analysis and other metrics
3. Optimal management of renewable resources
4. Optimal management of non-renewable resources
5. Climate Change and the transition to a less carbon intensive economy
6. Climate Change and Economic Performance
7. Climate Policy

Assessment Methods

Assessment
Frequency: 50.0%
Synthesis work: 50.0%

Bibliography

Tietenberg, Tom, and Lynne Lewis. Environmental and natural resource economics. Routledge, 2018.
Bergstrom, John C., and Alan Randall. Resource economics: an economic approach to natural resource and environmental policy. Edward
Elgar Publishing, 2016.
Stern, Nicholas (2007). The Economics of Climate Change. Cambridge University Press
A lista de artigos científicos e/ou de relatórios de instituições relevantes para análise de casos e para complemento dos manuais será disponibilizada no início de cada semestre./The list of scientific articles and/or reports from relevant institutions to case studies analysis and to complement the manuals will be
supplied in the beginning of each semester.