Environmental Economics

Study Board of Market and Management Anthropology, Economics, Mathematics-Economics, Environmental and Resource Management

Teaching language: English
EKA: B560022112, B560022102
Censorship: Second examiner: None, Second examiner: Internal
Grading: Pass/Fail, 7-point grading scale
Offered in: Odense
Offered in: Autumn
Level: Master

Course ID: B560022101
ECTS value: 10

Date of Approval: 19-02-2018


Duration: 1 semester

Course ID

B560022101

Course Title

Environmental Economics

Teaching language

English

ECTS value

10

Responsible study board

Study Board of Market and Management Anthropology, Economics, Mathematics-Economics, Environmental and Resource Management

Date of Approval

19-02-2018

Course Responsible

Name Email Department
Lone Grønbæk lg@sam.sdu.dk

Offered in

Odense

Level

Master

Offered in

Autumn

Duration

1 semester

Mandatory prerequisites

-

Recommended prerequisites

The prerequisites in the course are a firm grasp of the economic principles covered in microeconomics, including understanding the basic behind utility maximization, companies’ profit maximization and price determination under full competition and monopoly. These are prerequisites obtained in the course Microeconomics (course number 9115501) or literature corresponding to Perloff: Microeconomics. Theory and applications with calculus. Pearson Addison Wesley.

Further expected prerequisites include a firm grasp of project appraisal and environmental evaluation topics obtained in the course “Advanced economic evaluation” (coourse number 9048921) or literature corresponding to Boardman AE, Greenberg DH, Vining AR, Weimer DL. Cost Benefit Analysis. Concepts and Practice. 

Aim and purpose

The purpose of the course is 
•to provide advanced knowledge of the economic theory and management of the environment and natural resources, 
•to develop the student's skill to work in depth with a selected topic and 
•to develop the student’s competences to confidently applying economic theory to management of inter-disciplinary problems related to among other things climate, waste, environmental economics and natural resource exploitation. 
In relation to the study programme's qualification profile, the subject explicitly focuses on:
•Imparting knowledge about the economic basic for solving environmental problems 
•Enhancing skills in applying economic theory to important empirical problems 
•Qualifying students to handle complex and real-world issues. 

Content

1.The concept of sustainability 
2.Public goods/bads and externalities: Spillover effects and pollution 
3.The concept of inter-disciplinarity
3.Regulating pollution 
4.International agreements
5.Natural Resource extraction and regulation 
6.The circular economy and resource efficiency

Learning goals

Knowledge:
The goal is that the student is able to understand and independently discuss the central issues in environmental economics demonstrated by proving knowledgeable of the subject topics. 

Skills:
The student is able to confidently select a specific real-world topic of relevance for the course and independently apply the acquired knowledge from the course content for analyzing the topic in depth.  

Competences: 
The student exhibits competency by being able to apply economic theory on real-world environmental problems and disseminate results in written report and by oral presentation.

Literature

Examples
Perman, R., Y. Ma, J. McGilvray and M. Common. 2011. Natural resource and Environmental Economics. (4th edition).
Supplementary articles and reports.

Teaching Method

Scheduled classes:
3 hours of instructions for 14 weeks.

Instructions consist of: Lectures, exercises, guest lectures, supervision on the written report and student’s presentations.

Lectures are given to provide an overview of the material for the subject. Guest lectures are provided to introduce students to the application of the theory to real-world problems. Exercises are available for the students to be able to have own experience with working in depth with a topic. Supervision is given to guide the students on applying the methodologies on own selected topic. Student presentations are available for the students to independently present and discuss cases/articles related to the course. Written report requires reading of additional material. 

Workload

The students' workload is expected to be distributed as follows: 
Participation in hours of instruction (Lectures, exercises, supervision) 42 hours.
Preparation to hours of instruction 90 hours.
Written report 90 hours.
Final examination including preparation 48 hours.
Total 270 hours

Examination regulations

Exam

Name

Exam

Timing

Exam: During lectures

Tests

Examination condition

Name

Examination condition

Form of examination

Participation

Censorship

Second examiner: None

Grading

Pass/Fail

Identification

Student Identification Card - Date of birth

Language

English

Duration

-

ECTS value

0

Additional information

Student presentation of own selected problem during class.

Re-examination

Form of examination

Oral examination

Identification

Student Identification Card - Date of birth

Duration

20 minutes app.

Additional information

An oral presentation for the teacher.


EKA

B560022112

Report + oral examination

Name

Report + oral examination

Form of examination

Take-home assignment with oral defence

Censorship

Second examiner: Internal

Grading

7-point grading scale

Identification

Student Identification Card - Date of birth

Language

English

Duration

Date for submission will appear from the examination plan.

Length

Max size of report is for 1 person 7 pages and for 2 persons 10 pages (also see below *)
* One page corresponds to 2400 keystrokes (including spaces) and one figure or table equals 400 keystrokes. Total number of keystrokes should appear on the first page. 

Examination aids

All exam aids allowed.

Assignment handover

Course page in Blackboard.

Assignment handin

Via SDUassignment in the course page in Blackboard.

ECTS value

10

Additional information

Report + oral examination.
One grade is given.

1. Written report. May be written in groups of maximum 2 students

Location: Home assignment.
Internet Access: Necessary.

2) Individual oral examination 20 min. (without preparation) based on the report and the curriculum. 
- - - - - - - - - - - - - - - - - - - -

The examination randomly tests the student's attainment of the course goals.

Prerequisites

Type Prerequisite name Prerequisite course
Exam B560022112, Examination condition B560022101, Environmental Economics

EKA

B560022102

External comment

The student is automatically registered for the first examination attempt when the student is registered for a course or course element with which one or more examinations are associated. Withdrawal of registration is not possible, and students who fail to participate in an examination have used one examination attempt, unless the University has made an exemption due to special circumstances. 

The student is responsible for registering for 2nd and 3rd examination attempt. 

Courses offered

Offer period Offer type Profile Education Semester
Fall 2018 Optional Cand.scient.oecon (Statistik) MSc in Mathematics-Economics | Master of Science (MSc) in Mathematics-Economics | Odense
Fall 2018 Optional Cand.scient.oecon (Finansiering) MSc in Mathematics-Economics | Master of Science (MSc) in Mathematics-Economics | Odense
Fall 2018 Optional Cand.scient.oecon (Operationsanalyse) MSc in Mathematics-Economics | Master of Science (MSc) in Mathematics-Economics | Odense
Fall 2018 Optional Master of Science in Economics (with profile in Economics) MSc in Economics | Master of Science (MSc) in Economics | Odense
Fall 2018 Optional Master of Science in Economics (with profile in Finance) MSc in Economics | Master of Science (MSc) in Economics | Odense

URL for Skemaplan