2024
Environmental and Natural Resource Economics
Name: Environmental and Natural Resource Economics
Code: ECN12135M
6 ECTS
Duration: 15 weeks/162 hours
Scientific Area:
Ciências Económicas e Sociais
Teaching languages: Portuguese
Languages of tutoring support: Portuguese
Regime de Frequência: Presencial
Sustainable Development Goals
Learning Goals
The Environmental and natural resource economics course students shall:
- acquire a clear picture about the economic approach of the interactions between the environmental and the economic systems;
- discuss the fundamentals, the potential and limitations of environmental and resource economics;
- acquire the ability to integrate the economic approach with other approaches to identify, formulate, analyse and eliminate/mitigate environmental problems;
- develop skills to:
a) identify the economic causes of environmental problems;
b) design, implement and evaluate environmental policy instruments
c) carry out the economic and financial evaluation of investment projects;
- develop competences to work in multidisciplinary teams and to be autonomous in the research and analysis of information.
- acquire a clear picture about the economic approach of the interactions between the environmental and the economic systems;
- discuss the fundamentals, the potential and limitations of environmental and resource economics;
- acquire the ability to integrate the economic approach with other approaches to identify, formulate, analyse and eliminate/mitigate environmental problems;
- develop skills to:
a) identify the economic causes of environmental problems;
b) design, implement and evaluate environmental policy instruments
c) carry out the economic and financial evaluation of investment projects;
- develop competences to work in multidisciplinary teams and to be autonomous in the research and analysis of information.
Contents
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
1.2 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
Teaching methods are based on the combination of theoretical lectures, where the fundamental principles and concepts are introduced, using graphical and numerical analysis, with practical lectures where students develop their competencies through the resolution of practical exercises on the course topics and discussion of case studies. The latter include the oral presentation and discussion of assignments by the students.
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%).
Research study will be strongly encouraged.
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%).
Research study will be strongly encouraged.
Certificações
