ERE1 Environmental and resource economics
Di 10-12, VMP 5, Rm 0029
Dr. Katrin Rehdanz
Note: Course starts at October 24th 2006
The course is accessible for advanced students of economics and business administration. It provides a comprehensive account of the application of economic analysis to environmental issues. Topics covered are:
- Theorigins of the sustainability problems
- Concepts of sustainability
- Ethics and the environment (including discounting)
- Welfare economics: Efficiency and optimality
- Marketfailure and public policy
- The theory of optimal resource extraction: Non-renewable resources
- The theory of optimal resource extraction
- Renewable resources
- Pollution control: Targets and instruments
- International environmental problems
- Valuing the environment
- Irreversibility, risk and uncertainty
- Environmental input-output modelling
- Accounting for the environment
Prior knowledge: micro-economics, macro-economics,calculus
Literature: R. Perman, Y. Ma, J. McGilvray andM. Common (2003), Natural Resource and Environmental Economics (3rd Edition),Longman/Pearson Education Ltd., Harlow, ISBN 0273655590
Sheets of lecture 1 (Chapters1+2 in 2nd Edition/Chapters 1+2 in 3rd Edition), 2 (2+3/2+4), 3 (4/3), 4 (5+6/5), 5 (7/14), 6 (8/15), 7 (9/17), 8 (14/11+12), 9 example (11/6), 10 (12/7), 11 (13/10), Exam*, Results
*last year