Economics of Sustanability 4030-ES
The main objective of this course is to clarify and specify the idea of sustainable development from the economic point of view. The course starts from basic neoclassical economics and basic ecological economics. The following lectures are focused on: environmental impact, renewable resources management and non-renewable resources management, economic valuation of non-market goods, measures of social welfare, indicators of sustainability. The central part of the lecture form environmental policy instruments with a special attention paid to command-and-control and economic instruments. Economic policy supporting sustainable development will be commented with regard to the private enterprise and international economy.
Type of course
Mode
Course coordinators
Learning outcomes
Lecture
Student knows the functioning of market economy. The student is able to interpret and comment problems of market failures and external costs. The student knows that cost-effectiveness is an important criterion for policy decisions dealing with environmental quality and natural resources. The student understands that economy is an inevitable component of sustainable development.
K_W01; K_W02; K_W03; K_W05, K_W06;
K_U01; K_U02; K_U04; K_U07;
K_K03; K_K05; K_K07;
Exercises
Student knows the functioning of market economy. The student is able to interpret and comment problems of market failures and external costs. The student knows that cost-effectiveness is an important criterion for policy decisions dealing with environmental quality and natural resources. The student understands that economy is an inevitable component of sustainable development.
Assessment criteria
Written assessment (test)
Attendance control: maximum number of excused absences is 3. Continuous assessment, open discussion, and individual presentations. To take the exam, the student must have a positive assessment of the exercises.
Additional information
Additional information (registration calendar, class conductors, localization and schedules of classes), might be available in the USOSweb system: