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| ECON2248-1 | Environmental economy
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| Duration : | 24h Th |
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| Number of credits : |
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| Lecturer : | Kevin Maréchal |
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Language(s) of instruction :
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| French language |
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Organisation and examination :
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| Teaching in the first semester, review in January |
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Course contents :
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| 1. Etymological, epistemological, historical and theoretical foundations of the study of th interections between the economic and environmental spheres
2. Analysis of key notions in environmental economics : externalities, public goods, pigovian taxe, coasian bargain, etc.
3. Discussion of the central issue of 'value' (use, non-use, option, existence, etc.)
4. Detailed and careful analysis f the main 'valuation methods' of environmental assests and their connection with the market
5. Presentation and discussion of the Cost-Benefit Analysis (CBA) for the management of environmental assests
6. Integration of the issues of uncertainty and time thorugh discounting: an illustration with the economics of climate change
7. Discussion of the relationship between GDP growth, environmental quality and well-being
8. Complementary insights to traditional environmental economics : theory of habits, technological lock-in, alternatives to GDP, etc. |
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Learning outcomes of the course :
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| Objective of the lecture:
Acquire and develop a competent use of the key concepts that are necessary for a good understanding of the issues related to the interactions between the economic and environmental spheres
At the end of the class, the student is expected to be able to:
- grab, with his own words, the main notions exposed during the lecture
- provide a critical analysis of a short scientific paper dealing with a current environmental issue
- mobilise the knowledge acquired to write a short essay being placed in the concrete situation of an environmental economist dealing with a cross-cutting issue |
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Prerequisites and co-requisites/ Recommended optional programme components :
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| Course in political economy
Course in mathematics |
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Planned learning activities and teaching methods :
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Mode of delivery (face-to-face ; distance-learning) :
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| Lectures : 24h |
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Recommended or required readings :
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| The only mandatory reading is the scientific paper that is to be critically assessed during the final exam |
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Assessment methods and criteria :
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| Written examination (100%) |
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Training(s) :
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Organizational remarks :
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| The lecture requires the active involvement of students
2 sessions will be provided by external experts and be devoted to applied issues |
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Contacts :
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| Maréchal Kevin, (Assistant Professor)
CEESE-ULB
44 Avenue Jeanne CP 124
1050 Brussels
+32 2 650 33 32
kevin.marechal@ulb.ac.be(Philippe.Lebailly@ulg.ac.be)(Philippe.Lebailly@ulg.ac.be) |
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