University of Liege | Version française
	Study programmes 2011-2012 Last update : 14/06/2012
	ECON2248-1   Environmental economy Duration :   24h Th Number of credits :   Required preliminary complements to register in the Advanced Master in Development, Environment and Communities First semester 2 Master in Agricultural Bioengineering, Professional Focus, 2nd year First semester 2 Master in Environmental Bioengineering, Professional Focus, 2nd year First semester 2 Master in Forests and natural Areas Engineering, Professional Focus, 1st year First semester 2 Required preliminary complements to register in the Advanced Master in Rural Economics and Sociology First semester 2 Lecturer :   Kevin Maréchal Language(s) of instruction :   French language Course contents :   1. Introduction to environmental economics and sustainable development 2. Theoretical foundations Equilibrium, exchange, optimality, Paretian analysis, welfare economics 3. Externalities or market failure in environmental economics Externalities, property rights, public goods, internalising the externalities (Coasian and Pigovian approaches) 4. Economics of environmental projects Monetary valuation (general principles and specific techniques) Discounting Benefit-cost analysis (general principles and alternatives) 5. Environmental policy instruments Economic instruments, Command-and-Control approach and comparison 6. Economics of natural resources Theory of exhaustible resources, renewable resources and the overexploitation of common property resources 7. Examples of current problems in environmental economics Learning outcomes of the course :   Studying environmental problems and their solutions from a microeconomic standpoint After completing the course the student is expected to Understand the environmental problems and their stakes Know the theoretical bases of the environmental economy and the economy of the natural resources Understand the instruments of the environmental policy Prerequisites and co-requisites/ Recommended optional programme components :   Course in political economy Course in mathematics Mode of delivery (face-to-face ; distance-learning) :   Lectures : 24h Recommended or required readings :   Hanley, Shogran and White (2001) : Introduction to Environmental Economics. Barron, Perlack and Boland (1998) : Fundamentals of Economics for Environmental Managers. Assessment methods and criteria :   Oral examination (100%) Contacts :   Lebailly Philippe, (Professeur Ordinaire) Bât. GE Gembloux Agro-Bio Tech Passage des Déportés 2 5030 Gembloux +32 81 622361 Philippe.Lebailly@ulg.ac.be Home Search by Faculty Search by teacher Search by course code and title
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