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ISCTE-IUL  >  Education  >  LE , LFC , LGM

Environmental and Natural Resource Economics (1 º Sem 2016/2017)

Code: 01109
Acronym: 01109
Level: 1st Cycle
Basic: No
Teaching Language(s): Portuguese, English
Friendly languages:
Be English-friendly or any other language-friendly means that UC is taught in a language but can either of the following conditions:
1. There are support materials in English / other language;
2. There are exercises, tests and exams in English / other language;
3. There is a possibility to present written or oral work in English / other language.
1 6.0 0.0 h/sem 36.0 h/sem 0.0 h/sem 0.0 h/sem 0.0 h/sem 0.0 h/sem 1.0 h/sem 37.0 h/sem 113.0 h/sem 0.0 h/sem 150.0 h/sem
Since year 2015/2016
Pre-requisites At least one previous course in Microeconomics is highly recommended.
Objectives This unit is focused on the many facets of the interaction between environmental quality and economic agents. It is important to study corrective mechanisms that improve well-being and contribute to sustainability. The goal is for students to frame environmental problems in an economic perspective, so as to allow a more complete and rigorous analysis of such problems.
Program 1. Introduction
2. Fundamentals of Environmental Economics
   a. The efficient level of pollution
   b. Decision support techniques
   c. Valuation methods for environmental damages
3. Environmental instruments and policies
   a. Institutional approaches
   b. Command and control instruments
   c. Economic incentives: taxes, subsidies, tradable permits
   d. International environmental problems
4. Natural Resource Economics
   a. Concepts of Sustainability
   a. Optimal non-renewable resource management
   b. Optimal renewable resource management
Evaluation Method There are two assessment methodologies:
a) Continuous assessment:
   - minimum of 80% attendance
   - a group report on an environmental policy topic (50%)
   - written exam at the end of the term (50%), whose mark cannot be below 8v. in order to get a positive grade.
b) Final exam: (100%)
Teaching Method Each student should acquire analytical, information gathering, written and oral communication skills, according to the established learning goals.
The following learning methodologies (LM) will be used:
   1. Expositional, for presentation of  the theoretical reference frames
   2. Participative, with analysis and exercises resolution
   3. Active, with the realization of individual and group works
   4. Self-study, related with autonomous work by the student.
Observations Students are expected to participate actively throughout the semester. This means studying before classes, solving the problem sets, and complying with the course assessment.
Basic Bibliographic Field, B. and M. Field (2013), Environmental Economics: an Introduction, 6th Edition (International Edition), McGraw-Hill.
Perman, R., M. Common, J. McGilvray, Y. Ma (2011), Natural Resource and Environmental Economics, 4th edition, Pearson International Edition.
Complementar Bibliographic Stavins, Robert (2012), Economics of the Environment: Selected Readings, 6th Edition, W.W: Norton & Company.
Tietenberg, T. and L. Lewis (2012), Environmental and Natural Resource Economics, 9th Edition, Pearson International Edition.
Endres, A. (2011) Environmental Economics: Theory and Policy, Cambridge University Press.
Hackett, S. (2011), Environmental and Natural Resources Economics: Theory, Policy and the Sustainable Society, 4th Edition, M.E. Sharpe.
Keohane, N. and Olmstead, S. (2007), Markets and the environment, 2nd Edition, Island Press.
Rodrigues, J. e Duarte, M. (2012) Responsabilidade Social e Ambiental das Empresas, Lisboa: Escolar Editora.

There may be additional recommended readings for specific topics.