Environmental Economics

2019-2020

Course Objective

The aim of this course is to provide students with key insights
regarding the nature of environmental problems, the management of
natural resources, and the design of environmental policy responses.
After following this course, students are able to interpret and apply
economic theory and empirical methods for analysing environmental policy
problems. In particular, you will be able to:
• apply core techniques for evaluating environmental policies;
• advise environmental policy makers on scientifically sound strategies
for environmental management;
• explain how different societal actors, like corporations and
individuals, may respond to environmental policy incentives,
information, and enforcement;
• explain how technical change and environmental policies are
inter-related;
• describe the most important interactions between the economy and the
environment, and their relationship with sustainable development;
• have improved your presentation and discussion skills.

Course Content

This course will provide an understanding of current issues in
environmental economics and policy. It builds on previous courses in the
STREEM environmental economics sequence to deepen students’
understanding of environmental and resource economics. The lectures will
acquaint students with state-of-the-art studies on selected themes
important to environmental policymaking. Examples may include:
- induced technical innovation, including the energy gap and the
Porter Hypothesis;
- managing multiple market failures and understanding policy
interactions;
- non-renewable resource use, climate change, and the ‘Green Paradox’;
- renewable resources and endangered species protection;
- environmental regulation and trade;
- voluntary and information-based approaches to environmental
management; and
- environmental management in developing countries.
Each week of the course usually consists of two lectures and a tutorial,
centered around a theme, as is shown in more detail in the time table
below. Tutorials will largely focus on student group presentations and
discussions of selected journal articles. These exercises are intended
to improve the participants’ economic reasoning and communication
skills. Work groups and articles to be reviewed will be selected in the
first tutorial session.
In support of the presentation, students will be asked to study
theoretical and empirical papers applied to the topic, reflect on them,
write a 5-page critical evaluation that discusses strengths and
weaknesses, and identify points of possible improvement or extensions to
fill gaps in the research.
Lectures will also be supplemented with some in-class exercises,
homework assignments, and/or quizzes.

Teaching Methods

Lectures, assignments, student presentations, and group discussions.

Method of Assessment

Written exam (60%), assignments (20%), and presentation/participation
(20%). Passing the course is conditional on the exam grade being 5.0 or
higher.

Literature

No course textbook is assigned. Readings will consist of journal and
review articles. Mandatory and supplementary readings will be designated
in Canvas.

Target Audience

Students of the MSc Spatial, Transport and Environmental Economics.
Students of the MSc Economics, Specialization Public Policy
Students of MSc Environment and Resource Management who meet the above
entry requirements.

Recommended background knowledge

Students are expected to come already with foundations in environmental
economics, including an understanding of externalities, market-based
mechanisms, principles of microeconomics, and basic econometrics.

General Information

Course Code E_STR_EEC
Credits 6 EC
Period P4
Course Level 400
Language of Tuition English
Faculty School of Business and Economics
Course Coordinator prof. dr. C. Fischer
Examiner prof. dr. C. Fischer
Teaching Staff dr. G.C. van der Meijden
prof. dr. C. Fischer

Practical Information

You need to register for this course yourself

Last-minute registration is available for this course.

Teaching Methods Lecture
Target audiences

This course is also available as: