COURSE INTRODUCTION AND APPLICATION INFORMATION


Course Name
Environmental Economics
Code
Semester
Theory
(hour/week)
Application/Lab
(hour/week)
Local Credits
ECTS
ECON 330
Fall/Spring
3
0
3
5
Prerequisites
 ECON 101To succeed (To get a grade of at least DD)
andECON 102To succeed (To get a grade of at least DD)
Course Language
English
Course Type
Elective
Course Level
First Cycle
Mode of Delivery -
Teaching Methods and Techniques of the Course
Course Coordinator
Course Lecturer(s)
Assistant(s) -
Course Objectives Scarcity and choice are basic economic conditions that are inevitably present when determining environmental goals and implementing environmental policies. The purpose of this course is to understand the role of economics in environmental issues and, especially, in the formation of environmental policy. The course will emphasize applications to environmental problems in air, water, land use, and natural environments.
Learning Outcomes The students who succeeded in this course;
  • Describe alternative perspectives on the nature of environmental problems
  • Apply normative criterion for evaluating policies for environmental management.
  • Describe the different methods for evaluating environmental goods and services.
  • Use various methods for evaluating environmental goods and services.
  • Discuss the current prominent environmental problems
Course Description The nature and significance of threats to the environment will be examined. Externalities and market failure will be discussed. Tools of economic analysis will be used to compare and contrast various legal and market oriented approaches to dealing with environmental problems. Air and water pollution problems will be analyzed. Carbon taxes, pollution quotas and permits and other environmental regulation tools will be reviewed.
Related Sustainable Development Goals

 



Course Category

Core Courses
Major Area Courses
X
Supportive Courses
Media and Managment Skills Courses
Transferable Skill Courses

 

WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES

Week Subjects Required Materials
1 Introduction
2 Foundations of Environmental Policy Chapter 1
3 Markets and Prices Chapter 4
4 Valuing the Environment Chapter 3
5 Externalities Chapter 4
6 Regulations and Market Solutions Chapter 5
7 Environmental Risks Chapter 6
8 Environmental Risks Chapter 6
9 Midterm Exam
10 Benefits and Costs Chapter 7
11 Air Quality Chapter 16, 17, 18
12 Water Quality Chapter 19
13 Sustainable Economic Development Chapter 21
14 Sustainable Economic Development Chapter 22, 23
15 Review of the Semester
16 Review of the Semester
Course Notes/Textbooks Environmental and Natural Resource Economics, 8th Edition by Tom Tietenberg and Lynne Lewis. (2009)
Suggested Readings/Materials Environmental Economics & Policy (6th Edition) by Tom Tietenberg and Lynne Lewis (2009)

 

EVALUATION SYSTEM

Semester Activities Number Weigthing
Participation
16
5
Laboratory / Application
Field Work
Quizzes / Studio Critiques
Portfolio
Homework / Assignments
1
10
Presentation / Jury
Project
1
25
Seminar / Workshop
Oral Exam
Midterm
1
25
Final Exam
1
35
Total

Weighting of Semester Activities on the Final Grade
19
65
Weighting of End-of-Semester Activities on the Final Grade
1
35
Total

ECTS / WORKLOAD TABLE

Semester Activities Number Duration (Hours) Workload
Course Hours
(Including exam week: 16 x total hours)
16
3
48
Laboratory / Application Hours
(Including exam week: 16 x total hours)
16
Study Hours Out of Class
16
2
32
Field Work
Quizzes / Studio Critiques
Portfolio
Homework / Assignments
1
10
Presentation / Jury
Project
1
25
Seminar / Workshop
Oral Exam
Midterms
1
25
Final Exams
1
35
    Total
175

 

COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP

#
Program Competencies/Outcomes
* Contribution Level
1
2
3
4
5
1

To be able to acquire a sound knowledge of fundamental concepts, theories, principles and methods of investigation specific to the economic field.

X
2

To be able to apply adequate mathematical, econometric, statistical and data analysis models to process economic data and to implement scientific research for development of economic policies.

3

To be able to participate in academic, professional, regional, and global networks and to utilize these networks efficiently.

4

To be able to have adequate social responsibility with regards to the needs of the society and to organize the activities to influence social dynamics in line with social goals.

X
5

To be able to integrate the knowledge and training acquired during the university education with personal education and produce a synthesis of knowledge one requires.

6

To be able to evaluate his/her advance level educational needs and do necessary planning to fulfill those needs through the acquired capability to think analytically and critically.

X
7

To be able to acquire necessary skills to integrate social dynamics into economic process both as an input and an output.

X
8

To be able to link accumulated knowledge acquired during the university education with historical and cultural qualities of the society and be able to convey it to different strata of society.

X
9

To be able to take the responsibility as an individual and as a team member.

10

To be able to attain social, scientific and ethical values at the data collection, interpretation and dissemination stages of economic analysis.

X
11

To be able to collect data in economics and communicate with colleagues in a foreign language ("European Language Portfolio Global Scale", Level B1)

12

To be able to speak a second foreign at a medium level of fluency efficiently.

13

To be able to relate the knowledge accumulated throughout human history to their field of economics.

*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest