2023
Environmental and Natural Resource Economics
Name: Environmental and Natural Resource Economics
Code: ECN02363L
6 ECTS
Duration: 15 weeks/156 hours
Scientific Area:
Economy
Teaching languages: Portuguese
Languages of tutoring support: Portuguese, English
Regime de Frequência: Presencial
Sustainable Development Goals
Learning Goals
- Presentation of the economic principles in which the analysis of the exploitation of environment and natural resources is based;
- Modelling the economic exploitation of renewable natural resources (bioeconomy) and not renewable natural resources (geoeconomy);
- The context macroeconomic and microeconomic
Transferable Skills:
- Professional skills: Capacity to analyse the economic activity in its diverse dimensions (local, regional, national and international), allowing the future incorporation in economic organizations;
- General skills: responsibility; Independent reasoning, decision and innovation;
- Specific skills: Basic knowledge of specialization areas in economics; Understand and criticise the economic effects of environmental and natural resource policies.
- Modelling the economic exploitation of renewable natural resources (bioeconomy) and not renewable natural resources (geoeconomy);
- The context macroeconomic and microeconomic
Transferable Skills:
- Professional skills: Capacity to analyse the economic activity in its diverse dimensions (local, regional, national and international), allowing the future incorporation in economic organizations;
- General skills: responsibility; Independent reasoning, decision and innovation;
- Specific skills: Basic knowledge of specialization areas in economics; Understand and criticise the economic effects of environmental and natural resource policies.
Contents
1. Natural Resource Economics
1.1 A brief review of fundamental economic concepts and economic decision criteria: Static versus dynamic efficiency. The role of the discount rate.
1.2 Introduction to optimal control theory with one state variable and one control variable.
1.3 Sustainable exploitation of renewable natural resources: the particular cases of fisheries and forests
1.4 Sustainable exploitation of non-renewable resources
1.5 The specific case of energy resources
2. Environmental Economics
2.1 Markets, Efficiency, externalities, property rights and common resources.
2.2 Environmental policy instruments: standards, taxes, subsidies and tradable permits.
2.3 The Economics of pollution control: the particular case of the European Union Emissions Trading System (EU ETS)
2.4 Valuing the environment: purposes, methods and benefits.
2.5 Sustainability and economic growth
1.1 A brief review of fundamental economic concepts and economic decision criteria: Static versus dynamic efficiency. The role of the discount rate.
1.2 Introduction to optimal control theory with one state variable and one control variable.
1.3 Sustainable exploitation of renewable natural resources: the particular cases of fisheries and forests
1.4 Sustainable exploitation of non-renewable resources
1.5 The specific case of energy resources
2. Environmental Economics
2.1 Markets, Efficiency, externalities, property rights and common resources.
2.2 Environmental policy instruments: standards, taxes, subsidies and tradable permits.
2.3 The Economics of pollution control: the particular case of the European Union Emissions Trading System (EU ETS)
2.4 Valuing the environment: purposes, methods and benefits.
2.5 Sustainability and economic growth
Teaching Methods
The work in the classroom is expected to promote large periods of student participation, claryfiyng and discussing questions related to the syllabus content and encouraging the learning process through the critical analysis of the available literature.
All classes are supported by the usual teaching support technologies and in each a summary of the contents and main bibliographic references will be available to the students, both in a printed version and available in the course web page.
Besides the work in the classroom, the students should work on complementary documents and write, present and discuss research work, adjusted to their interests and scientific curiosity.
The final grade will depend on the partial grades obtained in the research paper (50%) written and presented by the students and the grade obtained in a final written exam (50%).
All classes are supported by the usual teaching support technologies and in each a summary of the contents and main bibliographic references will be available to the students, both in a printed version and available in the course web page.
Besides the work in the classroom, the students should work on complementary documents and write, present and discuss research work, adjusted to their interests and scientific curiosity.
The final grade will depend on the partial grades obtained in the research paper (50%) written and presented by the students and the grade obtained in a final written exam (50%).
Teaching Staff
- Pedro Damião de Sousa Henriques [responsible]
Certificações
