ØARR4400 Auditing Course description

After completing the course, students will acquired the learning outcomes defined in knowledge, skills and general competence:

Knowledge

Students will gain insight into:

• The fundamental ideas of the environment as provider of economic goods and services, and of pollution as being the unintended byproduct of economic actions.
• About a range of important environmental problems caused by economic activity, and their economic characteristics.
• Different economic types of regulation addressing pollution.
• The importance of context in economic analysis of the environment.
• Different methods to investigate the impact of pollution and regulations.

Skills

The students will learn:

• How to use economic analysis and modeling to assess pollution.
• How to use economic analysis to assess environmental regulation.
• How to understand empirical evidence regarding environmental problems and potential solutions.
• How to critically assess economic analyses directed at environmental problems.

• Basics: Externalities, public goods, Pareto efficiency, market failure, optimal pollution.
• Static pollution (local air pollution)
• Environmental regulation with economic instruments (taxes, subsidies, cap-and-trade)
• Dynamic pollution (climate change)
• International environmental agreements
• Trade in goods and pollution
• Green innovation
• Green taxes and the double dividend
• Behavioral environmental economics

Lectures with active student participation.

In order to be able to register for the exam, the student must have the following approved work requirements:

Three written assignments, individually or in groups. The scope of the assignment (number of pages) varies depending on the nature of the assignment.

If the assignments are not approved, the student will be given one opportunity to submit a new or improved version. The lecturer will provide more detailed information about deadlines for submission.

Written school exam (4 hours).

One dictionary (Native language-English/English-native language or English-English)

Calculator (as specified in regulations for use of calculator)

Grading scale A - F.

An internal and an external examiner will grade the exam. A selection of at least 25% of the exam papers will be assessed by two examiners. The grades awarded to exam papers assessed by the external and internal examiner will be used to determine the level of all exam papers.

Svenn Jensen

ØASØK4100 Microeconomics