Environmental economics

This lecture takes place in ELA 2. It is generally recorded, and links to the recordings are posted here within a day or two, together with the lecture slides.

The third period is usually used for exercises.

Two exams, on 31 March and 26 May in Room CM 1 1.

Basic concepts of economic analysis, which will be very usefull for our economic analyses related to environmental protection: demand and supply

Basic concepts of economic analysis, which will be very usefull for our economic analyses related to environmental protection: markets

An external cost of production creates a wedge between market equilibrium and social optimum : environmental policy is about how to get from the former to the latter

Continuation on the instruments a planer can use to bring markets to incorporate external effects (external costs or external benefits)

Exercises on the instruments an authority can use to bring markets to incorporate external effects (external costs or external benefits)

Options for reducing emissions, in particular of CO2 -> marginal abatement cost curve (MAC)
Instruments for emissions reduction at minimum cost

Determining socially optimal abatement by balancing abatement costs with damages

Intermediate exam from 4.15 to 5.45 pm in room CM 1 1
Topics: everything we saw in class up to March 24 included
No documentation is authorized, except a dictionary translating English in your language.
Do not bring: scrap paper, computer, smartphone
Bring: a calculator, a couple of pens or pencils, a ruler, a rubber (you may be asked to make drawings)

Lecture at 6 pm, with potential material for the final exam

Continuing with instruments for environmental policy

Introduction to financial calculs

EASTER HOLIDAYS

Comparing options and deciding about investments, in particular favorable for the environment

Multi-criteria choice

Public sector decision-making, in particular, cost-benefit analysis

Public goods

Final exam, from 4.15 to 5.45 pm maximum in room CM 1 1
Topics: everything we saw in class between 31 March and 19 May included (so, the lecture just after the intermediate exam is included)
The only authorized documentation is an A4 sheet of paper with your personal notes, handwritten or typed, on one side, and a dictionary if needed
Do not bring: scrap paper, computer, smartphone
Bring: a calculator, a couple of pens or pencils, a ruler, a rubber