Study Programmes 2017-2018
WARNING : 2016-2017 version of the course specifications
Environmental economy
Duration :
24h Th
Number of credits :
Master in agroecology (120 ECTS)2
Master in agricultural bioengineering (120 ECTS)2
Master in environmental bioengineering (120 ECTS)2
Master in forests and natural areas engineering (120 ECTS)2
Lecturer :
Kevin Maréchal
Language(s) of instruction :
French language
Organisation and examination :
Teaching in the first semester, review in January
Units courses prerequisite and corequisite :
Prerequisite or corequisite units are presented within each program
Learning unit contents :
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.
Learning outcomes of the learning unit :
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
Prerequisite knowledge and skills :
Course in political economy
Course in mathematics
Planned learning activities and teaching methods :
Mode of delivery (face-to-face ; distance-learning) :
Lectures : 24h
Recommended or required readings :
The only mandatory reading is the scientific paper that is to be critically assessed during the final exam
Assessment methods and criteria :
Written examination (100%)
Work placement(s) :
Organizational remarks :
The lecture requires the active involvement of students
2 sessions will be provided by external experts and be devoted to applied issues
Contacts :
Maréchal Kevin, (Assistant Professor)
CEESE-ULB 44 Avenue Jeanne CP 124 1050 Brussels
+32 2 650 33 32