Base Knowledge
Basic Macroeconomics
Teaching Methodologies
To achieve the objectives of the course and the acquisition of the desired skills by the students, the teaching/learning process will be based on the articulation of different methodologies: 1. Lectures; 2. Practical applications (exercises, analysis of texts, case studies); 3. Research activities oriented by the teacher.
Learning Results
1-Understands the concepts and the basics of Environmental Economics
2 – Know the methods most frequently used to internalise environmental externalities
3 – Uses with proficiency the concepts and methods of environment and natural resources evaluation
Program
1. Introduction to Environmental and Natural Resources Economics
1.1. Concepts and objects of study
1.2. Natural resources and the environment in economic theory
1.3. Economic typology of natural resources
1.4. Relationship between the economy and the environment
1.5. Sustainability concepts
2 . Revision and extension of microeconomics concepts
2.1. Market equilibrium
2.2. Willingness to pay
2.3. Benefits and costs
2.4. Public Goods
2.5. Notion of externality
2.6. Externalities and economic efficiency
2.7. Externalities , property rights and markets
3 . Objectives and instruments of environmental policy
3.1. First -best and second -best solutions
3.2. Internalization by merging management
3.3. Coasian negotiations
3.4. Pigouvian tax
3.5. Quotas and emission rates
3.6. Emission cap and trade
3.7. Comparison between different types of policies
4 . Environmental valuation
4.1. Total economic value
4.2. Cost- benefit analysis
4.3. Environmental valuation methods
Grading Methods
- - Trabalhos a realizar pelos alunos no tempo de contacto e fora dele - 50.0%
- - Teste escrito - 50.0%
Internship(s)
NAO
Bibliography
• PERMAN, R. [et al.] (1999). Natural Resource and Environmental Economics, Harlow Longman.
• QUINTELA, C. (1997). Economia do Ambiente: Principais Conceitos Teóricos, Departamento de Economia Agrária e Sociologia Rural do Instituto Superior de Agronomia, Universidade Técnica de Lisboa. Documento de Trabalho nº 9.
• RUSSELL, C. (2001). Applying Economics to the Environment, Oxford: Oxford University Press.
• TIETENBERG, T. (1992). Environmental and Natural Resources Economics. Colby College, Harper Collins Publishers Inc..
• BAUMOL, W. e OATES, W. (1988). The Theory of Environmental Policy, Prentice-Hall, New Jersey.
• PEARCE, D. e TURNER, R. (1990). Economics of Natural Resources and the Environment. Harvester Weatsheaf.
• RANDALL, A. (1987). Resource Economics: an Economic Approach to Natural Resource and Environmental Policy. New York: John Wiley& Son.