SDG332 Environmental Economics and Sustainable Development
Course description for academic year 2022/2023
Contents and structure
We will use economics to understand the many environmental problems that humans face today. These problems include climate change, pollution, sustainable energy, loss of biodiversity and ecosystem services, and resource scarcity. We will apply economic theory to study potential solutions and understand economic policies that address environmental problems. Our topics include market failures, environmental valuation, cost-benefit analysis, risk and behaviour, sustainable development, and resource exploitation. The course consists of lectures, discussion sessions, and assignments. Students are required to have three assignments approved.
The course is a part of the The Norwegian West Coast SDG Educational Initiative at The Faculty of Business Administration and Social Sciences: Sustainable Economics, Management and Innovations (SEMI).
The student has broad knowledge on
- concepts: public, and common goods, efficient resource allocation, market failure, cost-benefit analysis
- institution types and environmental policy tools: taxes, quotas, standards, regulations, trade schemes, international agreements
- knowledge relevant for SDG goal 13, SDG11, SDG14, SDG14, SDG15 and partly SDG16
The student can
- identify relevant policy instruments for market failures related to the environment
- calculate welfare effects of environmental policies in stylized examples
- use cost-benefit analysis for assessment of regulations or investments
- have ability to understand the economics of environmental problems and identify market failures
- can critically assess advantages and disadvantages of environmental policies
Recommended previous knowledge
Familiarity with basic economic theory is useful, but necessary principles will be covered when needed.
Lectures, discussion sessions and assignments. Students are required to submit at least three written assignments that needs to be approved to qualify for the exam.
Compulsory learning activities
Three passed assignments.
Written examination, 4 hours. The examination may be digital.
Grading scale is A-F where F is fail.
Examination support material
Approved calculator.More about examination support material