University of Liege | Version française
Academic year 2014-2015Value date : 12/05/2015
Version 2013-2014
ECON2271-1  Economy and energy
- part 1 : economy and environment
- part 2 : economic aspects of energy

Duration :  part 1 : economy and environment : 24h Th, 5h Pr
part 2 : economic aspects of energy : 24h Th, 10h Pr
Number of credits :  
Advanced Master in Sustainable Energy Management6
Lecturer :  part 1 : economy and environment : Henry-Jean Gathon, Axel Gautier, Michel Hermans, Bernard Jurion
part 2 : economic aspects of energy : Axel Gautier, N...
Coordinator :  Bernard Jurion
Language(s) of instruction :  
French language
Course contents :  
part 1 : economy and environment

This course is conducted collegially by four teaching staff from the economics department. It consists of 4 parts each lasting four to seven hours, and each with a different theme:
- market instruments and environmental fiscality (B. JURION): this part of the course highlights the "tools" used by politicians to persuade households and companies to adopt behaviour which is more appropriate for the protection of the environment. The advantages of market instruments (taxes, grants, delivery of negotiable permits) in terms of other policies such as the decision to impose direct constraints will be demonstrated. The decision to adopt environmental fiscality (eco-taxes, carbon taxes, ...) will be discussed and the reasons for delivering negotiable permits with the objective of minimising the costs of reducing polluting emissions will be explained.
- the economy of natural resources (A. GUATIER): this part of the course focusses on price setting, stock management, exhaustion of resources, extinction of species and sustainable development. The economic problems linked to natural renewable resources (fish, forests) and non-renewable resources (oil, minerals) will be discussed.
- transport and the environment (H.J. GATHON): this part of the course focusses,from the economic science point of view, on the links between transport and the environment. More specifically, the explanatory factors of demand and the characteristics of the offer of transport will be briefly analysed. This will be followed by a few action plans in the sector with a view to achieving the best allocation possible of resources and the guarantee of sustainable growth.
- energy policy (M. HERMANS): this part of the course will address the problem of climate change based on choices made by governments between fossil fuels and renewable energies. Initially, demographic development will be analysed as an important cause of climate change, highlighting the cases of China and India. Secondly, the choice between fossil fuels and renewable energy as made by different governments will be presented, focussing on the availability of energy resources for each country and the geopolitical situation of these resources. Thirdly, an analysis of major energy consumers and major polluters will be tackled, considering the consequences for the environment. Finally, a presentation of the methods of slowing down pollution of fossil energies, focussing on the difficulty of a simple and cheap solution while highlighting a future full of choices and a relatively higher cost for various consumers, as well as the lack of decisions taken by governments when faced with this dilemma.

part 2 : economic aspects of energy

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Learning outcomes of the course :  
part 1 : economy and environment

The student must be able to: - explain, through a few significant themes, the contribution which economic science has made to the study of environmental questions and environmental policies; - understand the close links between economic development and the establishment of policies for protecting the environment, thus contributing to creating sustainable development; - evaluate, in a critical perspective, the policies aimed to protect environment.
Prerequisites and co-requisites/ Recommended optional programme components :  
part 1 : economy and environment

Lectures in: Eléments d'économie pour les sciences de l'environnement (or another introductory course in economics)
Planned learning activities and teaching methods :  
part 1 : economy and environment

Four lectures, of 4 to 7 hours each, on the themes given above. There are no practical work sessions related to this course.

part 2 : economic aspects of energy

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Mode of delivery (face-to-face ; distance-learning) :  
part 1 : economy and environment

Face-to-face. The course is organized in the first term.
Recommended or required readings :  
part 1 : economy and environment

Each teacher will provide students with a document summarising the content of their presentation.
Assessment methods and criteria :  
part 1 : economy and environment

A written exam is organized during the 1st and 2nd terms. Each teacher will set a question relating to the subject matter they have taught. Each question is worth five points.
Work placement(s) :  
Organizational remarks :  
Contacts :  
part 1 : economy and environment

Professor: B. JURION, Building B31, Room 1/55 - Phone: 04/366.30.47, e-mail: b.jurion@ulg.ac.be
Teaching assistant: N. DE ZOTTI, Building B.31, Room 1/59 - Phone: 04/232.72.08, e-mail: Nadia.deZotti@ulg.ac.be



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