Ecological Economics
ENV-610
The course will be hybrid: broadcast through Zoom and recorded, but participation will be much easier in class (CO121)
Tentative program (updated May 1):
Introduction to ecological economics: The economy as a sub-system of the global environment: entropy, carrying capacity, environmental services, ecological crises, natural capital, sustainability (PT, March 10)
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Introduction to market economics: willingness to pay, preferences, marginalism, demand, supply, markets, prices, elasticities, non-market goods, externalities (PT, March 17)
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Markets with external costs: correcting non-efficient production level with all a variety of environmental policy instruments (PT, March 24)
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Optimal abatement level, optimal allocation of abatement, policy instruments (PT, March 31)
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Assessing environmental goods and external costs (PT, April 7)
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Discounting future impacts under uncertainty (PT, April 14)
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External cost abatement: environmental policy instruments, example of the US Clean Air Act (MV, April 28)
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How to think of Ecological Economics, Foundations, and Implications (SN, May 5)
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Decoupling, IPAT and Kaya, green growth or degrowth, sufficiency and quality of life (GB, May 12)
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Final exam (May 19)
- Introduction to environmental and ecological economics - slides (File)
- Introduction to environmental and ecological economics - video (84') (URL)
- Basics - Demand - slides (File)
- Basics - Demand - video (64') (URL)
- Basics - Supply - slides (File)
- Basics - Supply - Shared screen (53') (URL)
- Basics - Supply - Speaker view (53') (URL)
- Basics - Markets - slides (File)
- Basics - Markets - Shared screen (88', first 23' without sound) (URL)
- Basics - Markets - Speaker view (88', first 23' without sound) (URL)
- Correcting a market with (environmental) externalities - script (File)
- Correcting a market with (environmental) externalities - video part 1 (75') (URL)
- Correcting a market with (environmental) externalities - video part 2 (60') (URL)
- Optimal abatement - handout (File)
- Optimal abatement - video part 1 (85') (URL)
- Optimal abatement - video part 2 (85') (URL)
- Assessing environmental goods and external costs - slides (File)
- Assessing environmental goods and external costs - video part 1 (60') (URL)
- Assessing environmental goods and external costs - video part 2 (77') (URL)
- Valuation of human life - video (17', optional) (URL)
- Exercises (File)
- Exercises - video (31') (URL)
- Discounting (File)
- Discounting - video part 1 (53') (URL)
- Discounting - video part 2 (51') (URL)
Easter break
- Environmental Policies: Concepts and Tools (63') (URL)
- Slides Part I Environmental Policies Concepts and Tools (File)
- Environmental Policies: US Clean Air Act (33') (URL)
- Slides Part II Environmental Policies Clean Air Act (File)
- Environmental Policies : Command control, permits trading, Taxation (23') (URL)
- Slides Part III Trading vs Taxation (File)
- Environemantal Policies: US Clean Air Act End (24') (URL)
- S.NICK - Ecological Economics - Part A (79') (URL)
- S.NICK - Ecological Economics - Part B (87') (URL)
- How to think of Ecological economics? (File)
- Ecological economics forum (Forum)
- Slides of Gino Baudry (File)
- Gino Baudry's lecture - slides - Part 1 (URL)
- Gino Baudry's lecture - slides - Part 2 (URL)
Closed book exam, but one A4 sheet, handwritten or printed on both sides, is allowed.
We will not ask you for specific
numbers or details. You should expect short questions and problems based
on the material seen in class. I could, for instance, tell you that the
price of a good increased by 10% and the quantity sold decreased by 5%
and ask you to calculate the elasticity of demand.