| Institute of Food and Resource Economics | |||||||||||||
| Earliest Possible Year | MSc. 1 year to MSc. 2 year | ||||||||||||
| Duration | One block | ||||||||||||
| Credits | 7.5 (ECTS) | ||||||||||||
| Course Level | MSc | ||||||||||||
| Examination | Final Examination written examination Written Exam in Lecturehall All aids allowed Description of Examination: 4 hours written exam in the course curriculum Weight: Final exam 100% 13-point scale, internal examiner Dates of Exam: 03 November 2006 | ||||||||||||
| Organisation of Teaching | Lectures and execises | ||||||||||||
| Block Placement | Block 1 Week Structure: A | ||||||||||||
| Teaching Language | English | ||||||||||||
| Optional Prerequisites | Microeconomics Environmental and natural resource economics Welfare economics and policy analysis | ||||||||||||
| Areas of Competence the Course Will Address | |||||||||||||
| Competences obtained within basic science: Understanding and comprehension of the economic theory of environmental policy Transfer of the theories to new areas within environmental economics Being able to evaluate the possibilities and limitations of the theory Competences obtained within applied science: Comprehend the causes of pollution and the methods used to regulate pollution Apply the knowledge obtained to new environmental issues Competences obtained within ethics & values: Is able to discuss to the ethical problems with economic incentive regulation | |||||||||||||
| Course Objectives | |||||||||||||
| It is the objective of this course to provide a comprehensive presentation of the theoretical and methodological aspects of the economic theory of environmental economics, especially of environmental policy. | |||||||||||||
| Course Contents | |||||||||||||
| The central themes of the course are causes of pollution and the design of incentive based policy instruments. The main components of the course are 1) Market failure as the explanation for pollution. Here several cases of market failure will be analyzed. Examples are externalities, common property goods and public goods. 2) The design of environmental policy instruments. Here the emphasis will be on instruments that set incentives to reduce emissions such as taxes, subsidies, tradable permit schemes and liability rules. Issues covered are the regulation of point and non-point pollution, emissions and ambient regulation, optimal regulation under uncertainty, uniformly and non-uniformly mixed pollutants and the political economy of instrument choice. Furthermore, in connection with taxes we will discuss the existence of a double dividend and under tradable permits the issue of market power will be analyzed. 3) International environmental problems. International environmental pollution causes some special problems compared with national pollution. the main problem here is that countries cannot be forced to reduce emissions when their pollution causes damage in other countries. In this part, we will discuss the origin of the problem and possible solutions such as side payments, issue linkage and coalition formation. | |||||||||||||
| Teaching And Learning Methods | |||||||||||||
| Teaching is given in the form of lectures, and practicals. The lectures will present the main themes of the course. The practicals deal with more technical issues and will give a platforms to discuss exercises. | |||||||||||||
| Course Litterature | |||||||||||||
| Hanley, N., Shogren, J.F. and White, B.: Environmental Economics in Theory and Practice, Macmillan Press, 1997. Baumol, W.J., Oates, W.E.: The Theory of Environmental Policy, 2nd Edition, 1988. Plus additional papers and articles | |||||||||||||
| Course Coordinator | |||||||||||||
| Jan-Tjeerd Boom, jtb@life.ku.dk, Institute of Food and Resource Economics/Fisheries Economics and Management Division, Phone: 35282293 | |||||||||||||
| Study Board | |||||||||||||
| Study Committee NSN | |||||||||||||
| Course Scope | |||||||||||||
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