The purpose of this course is to introduce current topics and methods in Environmental Economics. The course covers topics such as pressing environmental and natural resource issues and possible solutions in terms of choices, tradeoffs, and scarcity, i.e. This course provides economic principles and tools that are used to mitigate pollution, climate change and the use of renewable natural resources such as forests and fisheries, as well as the problem of managing non-renewable resources.
A multi-disciplinary approach will be adopted in the analysis of the relationships between economic growth and the environment. Throughout the course, we will be discussing the real world environmental problems such as pollution, climate change, water policy, conservation and natural resource management in the developed and developing world.
Prerequisite(s)
Corequisite(s)
Special Requisite(s)
Instructor(s)
Course Assistant(s)
Schedule
Office Hour(s)
Teaching Methods and Techniques
Principle Sources
Other Sources
Course Schedules
Week
Contents
Learning Methods
1. Week
Introduction: Development of environmental thinking in economics
Presentation and active participation inclass discussion
2. Week
Alternative definitions and measurements of sustainability
Presentation and active participation inclass discussion
Presentation and active participation inclass discussion
5. Week
Environmental Valuation
Presentation and active participation inclass discussion
6. Week
Environmental Valuation
Presentation and active participation inclass discussion
7. Week
Public Policies for Natural Resources and the Environment
Market Failures (externalities)/ The Coase Theorem
Presentation and active participation inclass discussion
8. Week
Midterm
exam
9. Week
Midterm
exam
10. Week
Economic Efficiency, Benefits and Costs
Presentation and active participation inclass discussion
11. Week
The Political Ecologies of Minerals, Forests and Water, Land Use and Energy
Presentation and active participation inclass discussion
12. Week
Presentations
Student group presentations
13. Week
Presentations
Student group presentations
14. Week
Presentations
Student group presentations
15. Week
Final Exam
exam
16. Week
Final Exam
exam
17. Week
Assessments
Evaluation tools
Quantity
Weight(%)
Quizzes
2
20
Homework / Term Projects / Presentations
1
20
Attendance
10
10
Final Exam
1
50
Program Outcomes
PO-1
Demonstrates a basic level of understanding in related disciplines (such as economics, sociology, psychology, quantitative sciences, etc.) that form a foundation for business administration, and makes use of and applies them to the field of business.
PO-2
Applies mathematical, scientific, and social knowledge to business problems.
PO-3
Demonstrates a basic level of understanding in business functions and management (such as management, production, marketing, accounting, finance, human resources, behavioral sciences, etc.) and interprets the theoretical arguments focusing on interactions between the actors and the cultures in the field.
PO-4
Determines how to use acquired theoretical and practical knowledge and skills related to business in application and field analysis and applies them.
PO-5
Identifies and evaluates the relations in the field of business; describes the problems and presents analytical solutions through modeling and interpreting (critical thinking).
PO-6
Designs a business process in any functional stage that complies with identified objectives.
PO-7
Develop effective business communication skills (written-verbal/formal-informal).
PO-8
Owns effective working skills individually or on a team in business and multidisciplinary fields.
PO-9
Acts with a sense of professional and ethical responsibility.
PO-10
Improves effective verbal and written communication skills in English, and acquires competence in a minimum of one foreign language.
PO-11
Acquires basic knowledge about sustainable business understanding, sustainable business functions, and the concept of sustainability.
PO-12
In line with the requirements of the digital age, they gain experience and knowledge to see and analyze the business as a whole, analyze market behavior, sales, and planning, budget management, financing, create a strategy, read competitor strategies, construct scenarios and performance evaluation skills through teamwork on a virtual simulation program.
PO-13
Having both basic computer usage knowledge and advanced Excel usage knowledge required by the business world for writing formulas, data analysis, modeling, and using macros.
PO-14
Acquires knowledge and skills about current information systems and how to use these systems in business problems.
writing formulas, data analysis, modeling, and using macros.
Learning Outcomes
LO-1
explains the ecological, economic and social dimensions of sustainable development as well as the concept of strong and weak sustainability
LO-2
sets the connection between natural resource use, planetary boundaries, economic growth and sustainable development
LO-3
formulates economic explanations for environmental problems
LO-4
evaluates the possibilities and limitations of environmental economic valuation methods
LO-5
interprets different approaches and methods in environmental valuation
