Environmental Economics

  • Credits: 4
  • Ending: Examination
  • Range: 2P + 2C
  • Semester: summer
  • Year: 1
  • Faculty of Business Economics with seat in Košice

Teachers

Included in study programs

Corporate Financial Management

Teaching results

The course deals with the definition of the relationship between man and the environment (environment), understanding the environment as an asset, the criteria of efficiency of environmental use. It discusses the impacts of individual activities on the environment and defines the impact of the company on the environment. It also deals with the concept of sustainable development, the consequences of environmental degradation, their quantification, economic instruments of environmental policy for individual components of the environment. We will also discuss the liability of entities in violation of environmental protection. We will focus mainly on the financial and economic aspects of the issue and the economic context of environmental regulation.
Knowledge:
• control of the theoretical apparatus for the study of environmental economics,
• knowledge of the rational use of natural resources,
• knowledge of the evaluation of approaches to quality of life using environmental indicators,
• knowledge of the impact of production and consumption on the environment,
• knowledge of payments for the use of resources and for environmental pollution,
• knowledge of environmental policy instruments and their use in the conditions of Slovakia and European union,
• knowledge of the possibilities of financing environmental activities from public sources,
• ability to understand and explain current environmental problems.
Competence:
• at the theoretical level, the student will gain the necessary knowledge about the effects of individual economic activities on the environment and the use of economic instruments of environmental policy. Practical skills - the student applies the acquired theoretical knowledge to solve specific problems.
Skill:
• orientation in the structure of environmental policy instruments, in the possibilities of financing environmental activities, orientation in the position and impacts of individual sectors and activities on the environment, access to information sources from enviroportal databases, EEA, OECD, UN, orientation in environmental databases SR, EU, databases and UN reports, country environmental performance indexes.

Indicative content

Lectures:
1. The current state and tendency of development of natural resources in the world, the relationship between value and price, the basic principles of valuing natural resources.
2. Relationships between man and the environment, economic system and natural system, reproductive process and its impact on the environment. Basic concepts and their characteristics in the field of environmental economics.
3. Environmental degradation and its consequences, stages of development and impacts of production and consumption on the environment.
4. Quality of life. Measurable indicators. EPI index.
5. Externalities in the operation of the environment, the optimum quality of the environment at the macro and micro level.
6. Environmental policy instruments - normative and free.
7. Environmental policy instruments - direct and indirect instruments. Economic instruments
8. Company approaches to environmental protection, development of approaches, technical and non-technical approaches.
9. Voluntary environmental policy instruments.
10. Economic instruments in the environmental policy of the Slovakia - selected component of the environment.
11. Economic instruments in the environmental policy of Slovakia - selected component of the environment (air, trading in emission rights and permits).
12. Quantification of economic damage to the environment - selected problem, methods, techniques of quantification of impacts on selected components of the environment.
13. Possibilities of financing environmental projects. Selected aspects of the problem. Environmental business economics.
Seminars:
1. Current state and tendency of development of prices of selected natural resources (oil, coal, natural gas, energy).
2. Causes and consequences of the negative development of relations in the environment. Human-environmental relations.
3. Enviroportal - environmental information. Information systems. Indicators.
4. Quality of life, economic and environmental indicators.
5. Impact of production and consumption on the environment. Impact of industry on the environment. The impact of agriculture on the environment.
6. Impact of energy on the environment. Impact of transport on the environment. Impact of tourism on the environment.
7. The state of environmental components in the Slovak Republic and problem areas. Environmental regionalization of the Slovak Republic.
8. Economic instruments in the environmental policy of the Slovak Republic in air protection.
9. Economic instruments in the environmental policy of the Slovak Republic in water management.
10. Economic instruments in the environmental policy of the Slovak Republic in soil protection and in the circular economy.
11. Possibilities of financing environmental activities from public sources
12. Selected financing instruments in the environmental field at the enterprise level.
13. Current environmental problems and possible solutions.

Support literature

Elementary literature:
1. ROMANČÍKOVÁ, E. 2005. Finančno – ekonomické aspekty životného prostredia. Bratislava: ECO Instrument, 2005, 270 s. ISBN 80-967771-1-4
2. MAJERNÍK, M.-DANESHJO, N. –ANDREJOVSKÝ, P. - SANČIOVÁ, G. 2017. Environmentálna podniková ekonomika, PHF EU, 2017. Košice : Typopress, 2017. 249 s.
Supplementary literature:
3. TOŠOVSKÁ, E. – SIDOROV, E. – RITSCHELOVÁ, I. – FARSKÝ, M. 2010. Makroekonomické souvislosti ochrany životního prostředí. C.H. Beck, Praha 2010. ISBN 978-80-7400-308-0
4. ČAMROVÁ, L. a kol. 2007. Ekonomie a životní prostředí. Alfa Publishing Praha, 2007. 399s., ISBN 978-80-86851-69-3
5. ŠAUER, P. 2013. Ekonomie životního prostředí. Visegrad countries : environmental problems and policies. Praha CENIA 2013, ISBN 978-80-85087-16-1
6. LUMNITZER, E. - ROMÁNOVÁ, M. - MIHOK, J. - ANDREJOVSKÝ, P. - ADAMIŠIN, P. 2006. Kvantifikácia možných škôd v regiónoch. Nitra, SPU, 2006, 194 s., ISBN 80-8069-663-2
7. STURM, B. – VOGT C. 2011. Umwelt – okonomik. Physica Verlag, Springer-Verlag Berlin Heidelberg 2011. 218 s., ISBN 978-3-7908-2642-5.
8. STRIČÍK, M. – ANDREJOVSKÝ, P. – BOSÁK, M. 2011. Udržateľnosť prírodných zdrojov. Bratislava: EKONÓM, 2011. 300 s. ISBN 978-80-225-3316-4
9. VYBÍRALOVÁ, J – FÜZYOVÁ, Ľ – POLAČKO, V. 2008. Tvorba a ochrana životného prostredia. 2. vyd. Bratislava: Vydavateľstvo EKONÓM, 2008, 233 s. ISBN 978-80-225-2639-5.
10. ŠAUER, P. – LIVINGSTON, M. 1996. Ekonomie životního prostředí. VŠE Praha 1996
11. TIETENBERG, Tom; LEWIS, Lynne. Environmental and natural resource economics. Routledge, USA 2018. 586 p., ISBN 9781138632295
12. CHARLES D. KOLSTAD. 2009. Environmental Economics. International Edition. New York, Oxford: OXFORD UNIVERSITY PRESS, ISBN 978-0-19-539255-5.
13. BLESCHWITZ, R. et al. 2004. Eco-Efficiency, Regulation and Sustainable Business. Cheltenham : Edvard Elgar, 2004. 228 s. ISBN 978-18-4376-687-2.
14. Global Green New Deal. UNEP, 2009. 155 pp.
15. UNDESA, 2012a. A guidebook to the Green economy. Issue 1: Green economy, Green growth, and Low-Carbon development – history, definitions and a guide to recent publication. UNDESA, 2012, 65 pp.
16. UNDESA, 2012b. A guidebook to the Green economy. Issue 2: Exploring green economy principles. UNDESA, 2012, 24 pp

Syllabus

Lectures: 1. The current state and tendency of development of natural resources in the world, the relationship between value and price, the basic principles of valuing natural resources. 2. Relationships between man and the environment, economic system and natural system, reproductive process and its impact on the environment. Basic concepts and their characteristics in the field of environmental economics. 3. Environmental degradation and its consequences, stages of development and impacts of production and consumption on the environment. 4. Quality of life. Measurable indicators. EPI index. 5. Externalities in the operation of the environment, the optimum quality of the environment at the macro and micro level. 6. Environmental policy instruments - normative and free. 7. Environmental policy instruments - direct and indirect instruments. Economic instruments 8. Company approaches to environmental protection, development of approaches, technical and non-technical approaches. 9. Voluntary environmental policy instruments. 10. Economic instruments in the environmental policy of the Slovakia - selected component of the environment. 11. Economic instruments in the environmental policy of Slovakia - selected component of the environment (air, trading in emission rights and permits). 12. Quantification of economic damage to the environment - selected problem, methods, techniques of quantification of impacts on selected components of the environment. 13. Possibilities of financing environmental projects. Selected aspects of the problem. Environmental business economics. Seminars: 1. Current state and tendency of development of prices of selected natural resources (oil, coal, natural gas, energy). 2. Causes and consequences of the negative development of relations in the environment. Human-environmental relations. 3. Enviroportal - environmental information. Information systems. Indicators. 4. Quality of life, economic and environmental indicators. 5. Impact of production and consumption on the environment. Impact of industry on the environment. The impact of agriculture on the environment. 6. Impact of energy on the environment. Impact of transport on the environment. Impact of tourism on the environment. 7. The state of environmental components in the Slovak Republic and problem areas. Environmental regionalization of the Slovak Republic. 8. Economic instruments in the environmental policy of the Slovak Republic in air protection. 9. Economic instruments in the environmental policy of the Slovak Republic in water management. 10. Economic instruments in the environmental policy of the Slovak Republic in soil protection and in the circular economy. 11. Possibilities of financing environmental activities from public sources 12. Selected financing instruments in the environmental field at the enterprise level. 13. Current environmental problems and possible solutions.

Requirements to complete the course

Continuous assessment: 40 %
• 20% - activities in the e-learning course - online form according to the tasks /in the e-learning course/
• 20% - evaluation of the semester work - by completing the activity in the e-learning course - online form according to the tasks/in the e-learning course/
Finas assessment: 60 %
• 60% - evaluation of the final written examination
Total: 100 %

Student workload

• attendance at lectures: 26 hours
• participation in seminars: 26 hours
• preparation for seminars: 13 hours
• elaboration of semester work: 13 hours
• preparation for the exam: 26 hours
Total load: 104 hours

Language whose command is required to complete the course

Slovak

Date of approval: 15.02.2023

Date of the latest change: 22.02.2023