EPN-V2

ØASØK4200 Environmental Economics Course description

Course name in Norwegian
Environmental Economics
Study programme
Master Programme in Business Administration
Weight
10.0 ECTS
Year of study
2022/2023
Curriculum
FALL 2022
Schedule
Course history

Introduction

Economic activities impact the environment. Plastics end up in the ocean, producing one T-shirt consumes thousands of liters of water, and salmon farmers pour toxic chemicals into the seas to fight lice infestations. Economists see the natural world around them as providing environmental goods and services that we all enjoy, such as a lake to swim in, drinking water, or a forest that filters the air. Pollution to an economist is an unintended byproduct of activities that are otherwise desirable, like flying to New York, assembling computers, or eating dinner.

This course teaches students to think like economists about a wide range of environmental problems, from small, local ones to the biggest one of them all, climate change. Students learn about the economics of environmental regulation. We can try to reduce pollution in many ways: by providing information, `nudging´ people to `do the right thing´, subsidizing clean technologies, taxing emissions, creating cap-and-trade markets, banning substances, or signing up to international environmental agreements. The students learn how pollution crossing borders complicates the picture, and how trading goods affects where - and how much - pollution takes place. They will consider what taxing pollution means for other parts of the economy, and they will think about how green technologies are developed.

Recommended preliminary courses

ØASØK4100 Microeconomics

Required preliminary courses

None

Learning outcomes

Individuell skriftlig eksamen under tilsyn på 4 timer avholdes i slutten av semesteret.

Content

  • 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

Teaching and learning methods

Se egen hjelpemiddelliste som publiseres i god tid før eksamen.

Course requirements

Gradert skala A-F.

Assessment

Det benyttes en intern og en ekstern sensor til sensurering av besvarelsene.

Et uttrekk på minst 25 % av besvarelsene sensureres av to sensorer. Karakterene på de besvarelsene som er vurdert skal danne grunnlag for å fastsette nivå på resten av besvarelsene.

Permitted exam materials and equipment

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

Calculator (as specified in regulations for use of calculator)

Grading scale

Grading scale A - F.

Examiners

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.

Course contact person

Svenn Jensen