Description of Individual Course Units
Course Unit CodeCourse Unit TitleType of Course UnitYear of StudySemesterNumber of ECTS Credits
11320103E11753ENVIRONMENTAL ECONOMICS AND POLICYElective355
Level of Course Unit
First Cycle
Language of Instruction
English
Objectives of the Course
Environmental economics is concerned with the impact of the economy on the environment, the significance of the environment to the economy, and the appropriate way of regulating economic activity so that balance is achieved among environmental economic and other social goals. In particular, the course aims to deepen students’ understanding of why resource and environmental problems have occurred from the economic point of view and what kind of policy tools, which are provided by economics and management science, should be implemented to solve these problems.
Name of Lecturer(s)
Assoc. Prof.Dr.Meneviş UZBAY
Learning Outcomes
1Being able to apply normative criterion for evaluating policies for environmental management.
2Being able to apply microeconomic theory to the study of environmental issues.
3Being able to analyze various methods for evaluating environmental goods and services as well as environmental policy instruments.
4Being able to interpret how various market based options for environmental policy function, including emission charges, transferable permits and legal liability affects the economy.
Mode of Delivery
Face to Face
Prerequisites and co-requisities
None
Recommended Optional Programme Components
None
Course Contents
The concept of environmental economics. Public and environmental goods, negative externality and market failure. Social efficiency and benefit-cost analysis. Pollution regulating. Economic effects of environmental regulations.
Weekly Detailed Course Contents
WeekTheoreticalPracticeLaboratory
1Introduction to Environmental economics
2Environmental Problems and Policy Solutions
3Renewable Resource Depletion
4Non-Renewable Resource Depletion
5Social Efficiency and Benefit-Cost Analysis
6Market Failure: Public Bads and Externalities
7Sustainable Development and Irreversibility In Environmental Policy
8Midterm Exam
9Command & Control and Tax & Subsidy for Pollution Control
10Emission Fees and Marketable Permits
11Regulation with Unknown Control Costs
12Audits, Enforcement, and Moral Hazard
13Economy-Wide Effects of Environmental Economics
14Valuation of Environmental Goods
15Economics of Global Warming and Kyoto Protocol
16Final Exam
Recommended or Required Reading
Conrad, J. M. (1999). Resource Economics. Cambridge University Press. Field, B. C. and Field, M. K. (2006). Environmental economics. McGraw Hill/Irwin. Kolstad, C. D. (2003). Environmental economics. Oxford university press. Varian, H. R. (2007). Intermediate microeconomics: A modern approach. W. W. Norton & Company.
Planned Learning Activities and Teaching Methods
Activities are given in detail in the section of "Assessment Methods and Criteria" and "Workload Calculation"
Assessment Methods and Criteria
Term (or Year) Learning ActivitiesQuantityWeight
SUM0
End Of Term (or Year) Learning ActivitiesQuantityWeight
SUM0
SUM0
Work Placement(s)
None
Workload Calculation
ActivitiesNumberTime (hours)Total Work Load (hours)
Midterm Examination122
Final Examination122
Attending Lectures16348
Practice818
Self Study7214
Individual Study for Homework Problems8216
Individual Study for Mid term Examination10220
Individual Study for Final Examination20240
TOTAL WORKLOAD (hours)150
Contribution of Learning Outcomes to Programme Outcomes
PO
1
PO
2
PO
3
PO
4
PO
5
PO
6
PO
7
PO
8
PO
9
PO
10
LO14334545444
LO24445444454
LO33344444534
LO44545444544
* Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High
 
Ege University, Bornova - İzmir / TURKEY • Phone: +90 232 311 10 10 • e-mail: intrec@mail.ege.edu.tr