Valuation of Non-Market Goods 2400-PLSM054A
1) The seminar starts from a series of lectures on non-market valuation methods, i.e. Contingent Valuation method, Choice Experiment method, Travel Cost method, Hedonic Price method and Benefit Transfer (BT). Next, the application of the valuation results in practice will be presented. A particular attention at this point will be devoted to gaining practical skills in the application of Cost-Benefit Analysis (CBA). On the basis of this information and recommended during the lectures of articles, students will select the initial thematic area of their work. Suggested research area are:
• Valuation of a specific non-market asset or its function using one (or several) of the aforementioned methods
• Valuation of individual components of the economic value of a given good (e.g. use vs. non-use value or existence value)
• Analysis of existing valuation studies of a given good in the context of differences in the study conditions, e.g. cultural differences between countries
• A part of CBA for a given investment, including the valuation of a non-marketable good or service using BT.
• Theory and practice of valuation of non-market goods in European Union countries
2) Next, the technical aspects of master's thesis and its structure will be discussed
3) The next stage – there will be consultations on the necessary literature to write master's theses on the chosen topic and the discussion how to organize own research.
4) The next classes will be devoted to individual consultations.
Type of course
Course coordinators
Learning outcomes
Writing and defending a master thesis related to the valuation of non-market goods or, in a broader context, a Cost Benefit Analysis.
Knowledge:
After completing the course the student has an extensive knowledge of non-market valuation methods and economic evaluation of projects. The student knows and understands the basic principles of copyright law
Skills:
The student can collect and carry out a literature review. The student is able to correctly interpret and explain the obtain results and contact their sensitivity analysis. The student can apply the theoretical knowledge and methodology for achieving her/his goals. The student knows how to apply the achieved results in practice. She/he knows how to present the results in an adequate form for master's theses
Social competence:
The student understands the need to acquire and supplement her/his knowledge. The student is able to properly determine the priorities that the preparation of the master's thesis sets before her/him.
KW01, KW02, KW03, KU01, KU02, KU03, KK01, KK02, KK03
Assessment criteria
Writing and defending a master's thesis
Bibliography
Recomended literature:
- G. Anderson i J. Śleszyński: „Ekonomiczna wycena środowiska przyrodniczego”,
Wydawnictwo Ekonomia i Środowisko, 1996
- T. Żylicz: „Ekonomia środowiska i zasobów naturalnych”, PWE, 2004
- G. Garrod i K. Willis: „Economic valuation of the environment”, Edward Elgar, 1999
- Swedish Environmental Protection Agency, "An instrument for assessing the quality of environmental valuation studies", 1997
Additional literature will be suggested to students depending on their chosen topic.
Additional information
Additional information (registration calendar, class conductors, localization and schedules of classes), might be available in the USOSweb system: