This course is designed for students in civil engineering (FSA) and management (Louvain School of Management, IAG). The basic concepts and tools of environmental economics are presented and much attention is devoted to the toolkits used in environmental management and their implications within the firm (taxes, tradable permits, voluntary agreements ). The methods used to assess the impacts of environmental policies on the firm are discussed. This course is given under the Chair Lhoist Berghmans in Environmental Economics and Management. In particular, it promotes an interdisciplinary approach and does pay attention to the interplay between individual and collective interests when facing environmental issues.
Main themes
None
Content and teaching methods
Content
Module 1 General introduction
Sect. 1 Objectives and structure of the course
Sect. 2 A typology of environmental issues
Sect. 3 The economic approach of the environment
Sect. 4 Environment and sustainable development
Sect. 5 Basics in microeconomic analysis
Module 2 Theory of the environment
Sect. 1 Welfare economics, basics
Sect. 2 Externalities and pollution
Sect. 3 Pareto optimality and externalities
Sect. 4 Optimal pollution
Module 3 Methods to evaluate environmental assets
Sect. 1 Theoretical background
Sect. 2 Method of travel expenditures
Sect. 3 Method of hedonic prices
Sect. 4 Method of contingent evaluation
Module 4 Instruments for environmental policy
Sect. 1 Institutional and market failures
Sect. 2 A typology of instruments
Sect. 3 Comparison of instruments
Module 5 Tools, methods and model for policy assessment
Sect. 1 A typology of tools, methods and models
Sect. 2 Life cycle analysis
Sect. 3 Macroeconomic models
Sect. 4 Indicators of environmental performance
Sect. 5 Cost-benefit analysis
Sect. 6 The ExternE project
Other information (prerequisite, evaluation (assessment methods), course materials recommended readings, ...)