Environmental economics and policy

A.Y. 2020/2021
Overall hours
Learning objectives
To provide the knowledge base of economics (political economy, enterprise economy and macroeconomics) to reach a level of knowledge sufficient to interpret their action in the context of society and, in particular, for the understanding of the economics of environmental issues , from sustainability and resource management, through the study of incentives, leading to the consideration of the effects of environmental change and land in terms of value.
Expected learning outcomes
Interpretive skills of the political economy, economic policy and economic aspects of environmental and ecolocical policy. Basic knowledge for the valuation of environmental assets, projects, damage and services.
Course syllabus and organization

Single session

Lesson period
Second semester
Teaching methods: the lessons will be held on the Microsoft Teams platform and can be followed both synchronously on the basis of the timetable and asynchronously because the lessons be recorded and left available to students on the same platform.
The program and the reference material will not change.
The exam will take place orally using the Microsoft Teams platform or, where regulation allows, in the presence, in writing form.
Course syllabus
First Part - Microeconomics
Supply and demand theory
Demand and supply of goods, determination of price, market balance
Demand elasticity of price and income
Production function, production costs and elasticity
Market forms and business choices
Efficiency and market failures

Second Part - Economics and the Environment
Environment and ethics
Functioning of the markets and causes of their failure
The failure of public intervention

Third part -Environmental and Territory Control Policies
Recourse to the market to protect the environment
The establishment of taxes for the use of the environment
Ecological taxes and the EU tax on plastic packaging
Trade in environmental permits and the European Union Emissions Trading System (EU ETS)
Setting environmental standards
Prerequisites for admission
No prior knowledge is required
Teaching methods
Frontal teaching is the main teaching method. Attendance at teaching is strongly recommended.
Teaching Resources
- The slides of the teaching lessons and other references are regularly updated and are available on the Ariel platform.
- Microeconomia- J. Sloman, D. Garratt, Elementi di economia, Il Mulino
- Economia dell'ambiente - Kerry Turner, David Pearce, Ian Bateman, "Economia Ambientale", Il Mulino
Assessment methods and Criteria
The exam consists of a written test (open-ended questions and closed-ended questions) aimed at ascertaining the knowledge acquired about the basic principles of economic theory, the functioning of the markets and the most important instruments for controlling the environment and the territory. The duration of the test is 1 hour. The result is communicated directly to the student by verbalizing the grade of the test and the evaluation is expressed in thirtieths. There are no differences in verification between attending and non-attending students.
Lessons: 48 hours