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Environmental Economics

Type of study MasterFollow-up Master
Language of instruction Czech
Code 114-0392/01
Abbreviation ENVE
Course title Environmental Economics
Credits 4
Coordinating department Department of Economics
Course coordinator prof. Ing. Jaromír Gottvald, CSc.

Subject syllabus

1. Economics and the environment: basic definitions; relationships between human and natural systems; relationships between economic growth, population growth and the environment; impacts of environmental degradation.
2. Introduction to Environmental Economics: subject of interest, origin, two sub-disciplines, development.
3. Economics of Pollution: theory of externalities – definition of positive and negative externalities in relation to the environment.
4. Natural Resource Economics: classification of natural resources, optimization of the management of renewable and non-renewable resources.
5. Theoretical basis of instruments of environmental policy: command and control, economic instruments: environmental charges / taxes, subsidies, emissions / resource trading schemes, voluntary schemes and more.
6. Decision-making and the environment: aspects of discounting; valuation of externalities (valuation techniques), cost-benefit analysis (CBA) methodology and additional methods.
7. Concepts of sustainability: very weak, weak, strong, very strong sustainability; other concepts of sustainability (human sustainability); aspects of measurement.
8. The concept of sustainable development: theoretical aspects, development of the concept of sustainable development including its development in policies; aspects of the measurement of sustainable development; practical aspects: decoupling – as a concept putting sustainable development into operation, the green economy, the circular economy and more.
9. Alternative theories and approaches: Ecological Economics, Institutional Economics and more.

Literature

ANDERSON, D. A. (2013). Environmental Economics and Natural Resource Management, Fourth ed. New York: Taylor & Francis.

Advised literature

DALY, H. E. (1996). Beyond Growth. Boston Beacon Press.TURNER, R. K. et al. (1993). Sustainable Environmental Economics and Management: Principles and Practice. John Wiley & Sons Incorporated.