Environment and Global Economy

Teacher(s)

Willems Bert;

Language

French

Learning outcomes

At the end of this learning unit, the student is able to :
1

Content

! This course will be taught exceptionally in English in 2024-2025
This course provides students with an introduction in environmental economics. 
The goal is to (1) provide students with a good analytical framework to study environmental problems, and (2) touch upon some specific policy issues. Those topics might change year by year. 
This course will be taught in English (lectures and learning material) with french welcome in class. 
Topics for the course will include among others

• Introduction to environmental economics.
• Externalities, public goods, role of the government, pigouvian taxes, tradeable emission permits
• Optimal level of pollution and the efficient reduction of emissions. 
• Economics of finite resources (Hotelling Rule). 
• Introduction to climate change economics. 
• Introduction to cost-benefit-studies.

Prerequisites: Good understanding of introductory (micro)economics is required for this course. Concept such as marginal cost, consumer surplus, and market clearing are assumed to well-understood. 

Evaluation methods

The evaluation of this course will be based for 60% on a written exam and on a participation grade (40%) which consists of in class presentations and a homework assignment. 
In order to pass the course, a passing grade for the written exam is necessary. 
In the resit of the course, the final grade for the course will be based for 100% on the written exam as there is no option to retake the participation grade for the course.

Other information

Moodle will be used for this course, where the slides and background material will be placed. 

Faculty or entity

> CLSM