GRA 6665 Environment and Sustainable Development
Climate change, environmental degradation and pollution of water and air are among the most important challenges of our time, both globally and locally. Firms and governments allocate large amounts of resources to new green interventions and environmental protection. Do these policies work, or are resources wasted on ineffective pollution control? If so, how can the policies be improved?
Environmental economics looks at how economic activity and policy affect the environment in which we live. Some production and household decisions generate pollution – for example exhaust causes harmful local air pollution and also contribute to global warming. However, pollution from economic activity is not inevitable. Policy can require firms to reduce emissions and encourage people to change their behavior. But, there is a trade-off: changes that provide a cleaner environment will involve some economic costs. How much should we spend on pollution control? It is worth reducing pollution to zero, or should we accept some level of pollution because of the economic benefits associated with it?
This course seeks to equip students – business consultants and political advisors of the future – with analytical skills to make these decisions. Students will learn through lectures, seminar exercises, and individual studies.
The aim of this course is to provide an understanding of the core topics in environmental economics and sustainable development.
Students will gain knowledge about:
- Key concepts in environmental economics
- The general economic effects of pollution and climate policies;
- The economics of climate change;
- The local economy effects of local environmental protection policies;
- Which environmental policies work and which do not;
- How to evaluate the effect of environmental policies.
The overall goal is that students should be able to facilitate firms and policy makers in making better choices.
Students should be able to:
- Identify the economic effects and problems related to a pollutant;
- Prescribe a best response for a firm and/or the government to an environmental problem;
- Critically assess the effectiveness of environmental policies.
- Design firms’ and governments’ environmental policies so that the effects may be critically evaluated.
This is a master course in environmental economics. The course builds upon prior knowledge in introductory microeconomics and macroeconomics at the bachelor level.
Main topics are:
- Pollution targets and policy instruments;
- Environmental and technology policies;
- Pollution control under uncertainty
- International environmental problems and agreements;
- Climate change economics and integrated assessment models;
- Environmental macroeconomics;
The course consists of lectures (36 hours).
Please note that while attendance is not compulsory, it is the student’s own responsibility to obtain any information provided in class.
All courses in the Masters programme will assume that students have fulfilled the admission requirements for the programme. In addition, courses in second, third and/or fourth semester can have specific prerequisites and will assume that students have followed normal study progression. For double degree and exchange students, please note that equivalent courses are accepted.
Deviations in teaching and exams may occur if external conditions or unforeseen events call for this.
This is a master course in environmental economics. The course is based on prior knowledge in introductory microeconomics and macroeconomics at the bachelor level. Students who do not have this prior knowledge, are advised not to take this course.
|Exam category||Weight||Invigilation||Duration||Support materials||Grouping||Comment exam|
Form of assessment:
Examination when next scheduled course
|100||Yes||3 Hour(s)||Individual||Written examination under supervision|
|Form of assessment:||Written submission|
|Support materials:|| |
|Comment:||Written examination under supervision|
|Resit:||Examination when next scheduled course|
Prepare for teaching
Student's own work with learning resources
A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 6 ECTS credits corresponds to a workload of at least 160 hours.