Sustainable finance and environmental responsibility
- Ending: Examination
- Range: 2P + 2C
- Semester: summer
- Year: 1
- Faculty of Economics and Finance
Teachers
Included in study programs
Teaching results
The main learning outcomes that students will gain after completing the course are knowledge of current environmental issues as well as opportunities for environmental improvement through funding - from both the public and private sectors. Including the possibility of using alternative sources of funding, public-private partnership models such as voluntary agreements. The aim of the course is to extend the objective of finance, which is to maximise the monetary and non-monetary gains of an economic entity, to include a sense of overall well-being expressed in terms of developmentally higher needs such as social needs, environmental impacts, the need for self-fulfilment and the meaningfulness of one's activities.
Knowledge and understanding
- Apply and appropriately use the theories and tools of classical economics, maximizing individual utility or profit, and/or the market value of the enterprise/state.
- Understand the broader context and consequences of the decisions made by economic agents not only on immediate economic outcomes but also on social, environmental and policy impacts - ESG.
- Acquire the latest theoretical knowledge required for scholarly work in environmental finance.
Skills
- The student is able to think critically, analyse problems in the field of financial economics and use a broad set of decision-making tools to respond competently to situations as they arise. Group work will encourage teamwork and its presentation will encourage discussion and argumentation.
Competencies
- The student can work as an individual or as a leader of a professional team in the field of sustainable finance and socially and environmentally responsible financial management
Indicative content
- Paradigms of economics - goals and needs of economic agents .
- Environment and its link to the economy - financial-economic dimension of the environment.
- Circular economy.
- Negative impact on the environment and the optimum of environmental quality.
- Types of motivation and benefits of sustainable and responsible behaviour of individual economic actors.
- Sustainable agriculture and food security.
- Renewable energy sources and energy efficiency and their impact on the environment
- Indirect instruments for environmental protection, their theoretical background and economic impacts.
- Principles of environmental policy and causes of environmental damage in the EU.
- Economic impacts of the introduction of environmental taxes, their fiscal and incentive function.
- Types of environmental taxation and possibilities of greening the tax system in the Slovak Republic and the countries of the European Union.
- Competitiveness of states and enterprises in introducing environmental measures.
- Responsible state and responsible company.
- Marginal utility of revenue/profit/market value maximisation, necessary performance, quality of life of economic agents
Support literature
Odporúčaná literatúra:
Mezřický, V.: Environmentální politika a udržitelný rozvoj. Praha: Portál 2005
Košičiarová, S. A kol.: Právo životného prostredia-vybrané kapitoly,
HEUREKA,2002
Romančíková, E.: Finančno-ekonomické aspekty ochrany životného prostredia,ECOINSTRUMENT,Bratislava,2004
Romančíková, E.: Ekonómia a životné prostredie, Iura Edition,Bratislava,2011
Anderson, T.L., Leal, D.R. Free Market Environmentalism. New York: Palgrave, 2001. ISBN 0-312-23503-8.
BALCEROWICZ, L., FISCHER, S. 2006. Living standards and wealth od nations. Successes and failures in real convergence. The MIT Press, Cambridge, MA. 2006. ISBN 9780262025959.
BREALEY, R., MYERS, S. C., ALLEN, F. 2008. Principles of Corporate Finance. Singapore : McGraw-Hill; 9th edition, 2008. ISBN-13: 978-0071266758.
Corporate Social Responsibility, 2021. Dostupné na internete: https://www.csrhub.com/ CSR_ratings_by_region_and_country/
HAUGEN, R. A. 1995. The new Finance: The Case against Efficient Market. s.l. : Englewood Cliffs, NJ: Prentice-Hall, 1995. ISBN 978-0131730809.
Labatt, S., White, R.R. Environmental Finance. Wiley: 2002. ISBN 0-471-12362-5.
POITRAS G. 2006. Pioneers of Financial Economics: Volume 1. Canada : Edward Elgar Publishing Limited. 2006. ISBN 978-1-84542-381-0.
POITRAS, G. 2007. Pioneers of Financial Ecomonics: Volume 2. Canada : Edward Elgar Publishing Limited. 2007. ISBN: 978-1-84542-382-7.
PRAHALAD, C. K., 2005. The Fortune at the Bottom of the Pyramid, Eradicating Poverty through Profits. New Jersey: Wharton School Publishing. ISBN 0-13-146750-6.
Literatúra bude priebežne aktualizovaná, o najnovšie vedecké a odborné tituly.
Requirements to complete the course
10% active participation in discussion, 20 % continuous written work, 20% case study on a current topic – group elaboration, 50 % final written exam,
Student workload
participation in lectures 26 hours, participation at seminars 26 hours, preparation for seminars 12 hours, preparation for case study 16h, preparation for continuous written work 16 hours, preparation for exam 60 hours
Language whose command is required to complete the course
slovak
Date of approval: 05.03.2025
Date of the latest change: 16.05.2025