Environmental economics

intermediate

IS1P_W03 IS1P_W04

IS1P_W05 IS1P_W06

IS1P_W07 IS1P_W01

IS1P_U13 IS1P_K02

Level: basic

Goals: Student knows principles of environmental economics, understands demand of interference to free market (correcting externalities) and knows law and market-based instruments and institutions financing environmental protection in Poland

Basic instruments of environmental policies and natural resources management, correcting of market failures (externalities), economic aspects of sustainable development, financing of environmental protection projects, economic effects of international conventions and EU directives, environmental cost and benefits of investment

Subjects of lessons:

1. Goals, principles and instruments of environmental policies, mistakes in environmental policy, taxes and regulations,

2-4. Tradable permits: advantages and problems, EU Emission Trading Scheme, allowances for CO2 emissions in Poland, emissions trading,

5-6. Externalities and correcting methodes, Coase theorem, public policy and externalities, decision mechanisms,

7-8. Renewable and non-renewable resources, property laws, optimal use of resources (fishing, forestry),

9-10. Methodes for economic valuation of environment, total economic value, advantages of environment valuation, examples of valuation by travel cost methode,

11-12. Financing of environmental protection in Poland, costs and benefits of Poland integration with EU in environmental protection,

13-14. Examples of cost-benefit analysis: construction of great water reservoirs, reduction of heavy metals emissions to atmosphere.

15. Credit.

Methods of evaluation:

- colloquium

Literature in English:

1. Folmer H., Gabel L., Opschoor H. (ed.), Principles of Environmental and Resource Economics: A Guide for Students and Decision Makers, Edward Elgar Publishing Ltd., Aldershot, 1995, 2000,

2. Garrod G., Willis K., Economic Valuation of the Environment. Methods and Case Studies, Edward Elgar Publishing Ltd., Cheltenham, 1999.

Evaluation criteria:

(1) Knowledge (IS1P_W03, IS1P_W04, IS1P_W05, IS1P_W06, IS1P_W07, IS1P_W01):

note 2 (insufficient): the lack of basic knowledge in environmental economics,

note 3 (sufficient): student has limited basic knowledge in environmental economics,

note 4 (good): student has basic knowledge in environmental economics, with not full knowledge on measures of externalities correcting and environmental policies instruments,

note 5 (very good): student has full basic knowledge in environmental economics, taking into account knowledge on measures of externalities correcting and environmental policies instruments,

(2) Skills (IS1P_U13):

note 2 (insufficient): student is unable to provide initial economic analysis of undertaken engineering activities,

note 3 (sufficient): student has limited ability to provide initial economic analysis of undertaken engineering activities,

note 4 (good): student has an ability to provide initial economic analysis of undertaken engineering activities,

note 5 (very good): student has a very good ability to provide initial economic analysis of undertaken engineering activities,

(3) Competencies (IS1P_K02):

note 2 (insufficient): student has not awareness of importance and does not understand economical aspects and effects of engineering activities,

note 3 (sufficient): student has limited awareness of importance and understand of economical aspects and effects of engineering activities,

note 4 (good): student has awareness of importance and well understand of economical aspects and effects of engineering activities,

note 5 (very good): student has awareness of importance and perfectly understand of economical aspects and effects of engineering activities,

Final note:

- activity on lessons,

- colloquium.