Environmental Economics

  • Credits: 6
  • Ending: Examination
  • Range: 2P + 2C
  • Semester: winter
  • Year: 2
  • Faculty of Economics and Finance

Teachers

Included in study programs

Applied Economics

Management of Public Policies

Teaching results

After completing the course, students will gain:
- Deeper knowledge of terms, principles of economics in the environment, possibilities of measuring environmental values and finding solutions for market failure
- Deeper knowledge of substance and principles of environmental policy as such, the environmental policy of Slovakia and the European Union and their economic instruments
- Understanding of the environment substance in Slovakia and based on the analysis of basic pollutants and risk factors will be able to design and seek solutions and measures.
- Ability to critically evaluate global environmental problems and to discuss on pros and cons/problems of various solutions while taking into account new trends

Indicative content

The aim of the course is to offer basic knowledge in environmental economics, environmental policy of Slovakia and the EU. In order to fulfill the aim the course deals with following topics:
1. Theoretical outcomes of environmental economics
2. Renewable and non-renewable resources, efficient and optimal use of natural resources
3. Market operation and market failure, causes of state intervention and of state failure in the environment, Externalities and transaction costs
4. Approaches to address market failures and externalities.
5. Decision making in the environment. Measurement of environmental values, CBA
6. Environmental policy tools and selection criteria
7. EU environmental policy, its principle, aims, institutions, legislative framework,
8. The EU Action programs
9. Global environmental problems and the EU reaction
10. Analysis of the Slovak environment
11. Environmental regionalization of the SK, Strategy and other relevant documents of the Slovak environmental policy
12. Self-government competences in environmental economics
13. Approaches to solving environmental problems, nature protection, possibilities of an individual and society - advantages and disadvantages, new trends

Support literature

1. TURNER-PEARCE-BATEMAN: Environmental Economics: An Elementary Introduction. Translation into Slovak language. Ekonomická univerzita v Bratislave, 2002
2. PERMAN, R et al.: Natural Resource and Environmental Economics. Strathclyde: Prentice Hall, London, 2011 ISBN 9780321417534.
3. European Commission. Europe 2020. Sustainable Growth [online]. Available at ˂https://ec.europa.eu/info/business-economy-euro/economic-and-fiscal-policy-coordination/eu-economic-governance-monitoring-prevention-correction/european-semester_en˃ , ˂https://portal.cor.europa.eu/europe2020/Profiles/Pages/welcome.aspx˃, ˂https://ec.europa.eu/eurostat/web/europe-2020-indicators˃

Requirements to complete the course

10 % assignments during the course, 30 % written project, 60 % final exam

Student workload

156 h (participation in lectures 26 h, participation in seminars 26 h, home regular preparation for seminars and for assignments 19 h, written project elaboration 32 h, preparation for the final exam 52 h)

Date of approval: 10.02.2023

Date of the latest change: 21.12.2021