Παρουσίαση/Προβολή

(MISC274) -  ΑΝΑΣΤΑΣΙΟΣ ΞΕΠΑΠΑΔΕΑΣ

Περιγραφή Μαθήματος

MSc in Economics, Environmental Economics 2020-2021

Course contents

The objective is to enable students to understand the drivers of current issues and problems related to environment and natural resources including climate; the methods to analyse them; and the ways used in order to design efficient policies in theory and practice.

The course will begin with the introduction of environmental externalities as a source of failure of competitive markets to attain Pareto efficient market solutions. This type of market failure induces environmental regulation, which will be covered next. In this part, environmental policy instruments in theory and practice will be presented. More specifically, it will include: Command and control regulation (limits and standards); Market based instruments (Pigouvian taxation and emission taxes, subsidies, tradable emission permits, input taxes, deposit-refund systems) and voluntary agreements. Policy analysis will include flow and stock pollution along with the analysis of pollution dynamics; Bargaining solutions as a means of correcting environmental externalities (Coasian bargaining) will also be discussed. This part will conclude with an introduction to the economics of climate change which represents the greatest and widest-ranging market failure ever seen.

The course will conclude with an introduction to environmental valuation methods: Revealed preference methods, Contingent valuation methods, Discrete choice experiments, Benefit transfer.

Reading Materials

1. Phaneuf and T. Requate, 2017, A Course in Environmental Economics: Theory, Policy and Practice, Cambridge University Press.
2. Economides, A. Papandreou, E. Sartzetakis, and A. Xepapadeas, 2018, The Economics of Climate Change, The Bank of Greece.
3. Atkinson, N. A. Braathen, B. Groom and S. Mourato, 2018, Cost‑Benefit Analysis and the Environment Further Developments and Policy Use, OECD Publishing, Paris, http://dx.doi.org/10.1787/9789264085169-en

Further readings will be recommended by the lecturer

 

Teaching methods

Lectures accompanied by slide presentations.

Ημερομηνία δημιουργίας

Κυριακή, 3 Φεβρουαρίου 2019