Study economic aspects of environmental issues

Environmental Economics screenshot
Environmental Economics screenshot
Environmental Economics screenshot
Environmental Economics screenshot
Environmental Economics screenshot
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Curriculum

What You'll Learn

01 Introduction to Environmental Economics
3 topics
1 Foundations of Environmental Economics
  • Definition and Scope
  • Historical Development of the Field
  • Relationship to Ecological Economics
2 Economic Systems and the Environment
  • Market Economies and Environmental Impacts
  • Command Economies and Environmental Management
  • Mixed Economic Systems and Environmental Policy
3 Core Principles and Concepts
  • Scarcity and Choice
  • Opportunity Cost
  • Marginal Analysis
  • Efficiency versus Equity
02 Market Failures and Environmental Problems
3 topics
1 Theory of Externalities
  • Positive and Negative Externalities
  • The Coase Theorem
  • Externalities and Market Inefficiency
2 Public Goods and Common Pool Resources
  • Characteristics of Public Goods
  • The Tragedy of the Commons
  • Ostrom's Principles for Managing Commons
3 Information Asymmetry and Environmental Markets
  • Moral Hazard
  • Adverse Selection
  • Signaling and Screening in Environmental Markets
03 Environmental Valuation Methods
4 topics
1 Total Economic Value Framework
  • Use Values
  • Non-use Values
  • Option Values
2 Revealed Preference Methods
  • Hedonic Pricing
  • Travel Cost Method
  • Averting Behavior Models
3 Stated Preference Methods
  • Contingent Valuation
  • Choice Experiments
  • Deliberative Monetary Valuation
4 Benefit Transfer
  • Unit Value Transfer
  • Function Transfer
  • Meta-analytic Function Transfer
04 Cost-Benefit Analysis
4 topics
1 Principles of Cost-Benefit Analysis
  • Pareto Efficiency
  • Kaldor-Hicks Criterion
  • Standing and Scope
2 Discounting Future Costs and Benefits
  • Social Discount Rate
  • Hyperbolic Discounting
  • Intergenerational Equity
3 Risk and Uncertainty
  • Expected Utility Theory
  • Risk Assessment
  • The Precautionary Principle
4 Distributional Issues
  • Environmental Justice
  • Weighting Schemes
  • Rights-Based Approaches
05 Environmental Policy Instruments
4 topics
1 Command-and-Control Regulation
  • Technology Standards
  • Performance Standards
  • Advantages and Limitations
2 Market-Based Instruments
  • Pollution Taxes and Subsidies
  • Tradable Permit Systems
  • Deposit-Refund Systems
3 Information-Based Approaches
  • Eco-labeling
  • Public Disclosure Programs
  • Voluntary Agreements
4 Policy Instrument Choice
  • Efficiency Criteria
  • Cost-Effectiveness
  • Political Feasibility
  • Implementation Challenges
06 Natural Resource Economics
4 topics
1 Renewable Resource Management
  • Biological Growth Models
  • Maximum Sustainable Yield
  • Optimal Harvesting
2 Non-renewable Resource Economics
  • Hotelling's Rule
  • Resource Scarcity
  • Backstop Technologies
3 Land Economics
  • Land Rent Theory
  • Land Use Changes
  • Conservation Easements
4 Water Resource Economics
  • Water Markets
  • Watershed Management
  • Groundwater Economics
07 Energy Economics and Climate Change
4 topics
1 Energy Markets
  • Energy Demand and Supply
  • Energy Pricing
  • Energy Efficiency
2 Economics of Renewable Energy
  • Cost Structures
  • Innovation and Learning Curves
  • Grid Integration
3 Climate Change Economics
  • Economic Impacts of Climate Change
  • Social Cost of Carbon
  • Integrated Assessment Models
4 Climate Policy
  • Carbon Taxes
  • Cap-and-Trade Systems
  • International Climate Agreements
08 Pollution Control Economics
4 topics
1 Cost-Effective Pollution Abatement
  • Marginal Abatement Cost Curves
  • Equimarginal Principle
  • Least-Cost Allocation
2 Air Pollution Economics
  • Local Air Pollutants
  • Regional Air Pollution
  • Economic Instruments for Air Quality
3 Water Pollution Economics
  • Point and Non-point Sources
  • Watershed-based Trading
  • Economic Instruments for Water Quality
4 Waste Management Economics
  • Municipal Solid Waste
  • Hazardous Waste
  • Extended Producer Responsibility
09 Sustainable Development
4 topics
1 Concepts of Sustainability
  • Weak versus Strong Sustainability
  • Natural Capital
  • Sustainable Development Goals
2 Green Accounting
  • GDP and Its Limitations
  • Genuine Progress Indicator
  • System of Environmental-Economic Accounting
3 Sustainable Consumption and Production
  • Circular Economy
  • Industrial Ecology
  • Life Cycle Assessment
4 Green Growth and Degrowth
  • Decoupling Resource Use from Growth
  • Post-Growth Economics
  • Just Transitions
10 Environmental Economics in Developing Countries
4 topics
1 Environment-Development Nexus
  • Environmental Kuznets Curve
  • Poverty-Environment Linkages
  • Resource Curse
2 Property Rights and Governance
  • Land Tenure Systems
  • Decentralization
  • Corruption and Environmental Outcomes
3 International Environmental Issues
  • Trade and Environment
  • Foreign Direct Investment
  • Technology Transfer
4 Development Assistance
  • Environmental Aid
  • Debt-for-Nature Swaps
  • Payment for Ecosystem Services
11 Biodiversity Economics
4 topics
1 Economics of Biodiversity Conservation
  • Biodiversity Values
  • Opportunity Costs of Conservation
  • Conservation Triage
2 Ecosystem Services
  • Classification of Ecosystem Services
  • Economic Valuation of Ecosystem Services
  • Ecosystem Service Markets
3 Protected Areas Economics
  • Benefits and Costs of Protected Areas
  • Tourism and Recreation Values
  • Funding Mechanisms
4 Biodiversity Policy
  • Biodiversity Offsets
  • Access and Benefit Sharing
  • International Biodiversity Agreements
12 Urban Environmental Economics
4 topics
1 Urban Externalities
  • Traffic Congestion
  • Noise Pollution
  • Urban Heat Island
2 Urban Form and Sustainability
  • Land Use Planning
  • Density and Resource Use
  • Transit-Oriented Development
3 Green Infrastructure
  • Economic Benefits of Urban Green Spaces
  • Green Stormwater Infrastructure
  • Urban Agriculture
4 Smart Cities
  • Information Technology and Resource Efficiency
  • Sharing Economy
  • Urban Mobility Economics
13 Behavioral Environmental Economics
4 topics
1 Limits to Rationality
  • Bounded Rationality
  • Heuristics and Biases
  • Prospect Theory
2 Social Preferences
  • Altruism and Pro-Environmental Behavior
  • Social Norms and Conformity
  • Reciprocity and Trust
3 Nudging and Choice Architecture
  • Default Options
  • Framing Effects
  • Social Comparison Feedback
4 Behavioral Policy Design
  • Incentive Design
  • Information Provision
  • Commitment Devices
14 Corporate Environmental Management
4 topics
1 Business Case for Sustainability
  • Cost Savings
  • Risk Management
  • Competitive Advantage
2 Environmental Management Systems
  • ISO 14001
  • Environmental Auditing
  • Environmental Performance Indicators
3 Corporate Environmental Accounting
  • Full Cost Accounting
  • Environmental Profit and Loss
  • Carbon Accounting
4 Environmental Finance
  • Green Bonds
  • ESG Investing
  • Climate Risk Disclosure
15 The Future of Environmental Economics
4 topics
1 Emerging Methodological Approaches
  • Big Data and Machine Learning
  • Agent-Based Modeling
  • Experimental Methods
2 Interdisciplinary Integration
  • Ecological-Economic Modeling
  • Socio-Ecological Systems
  • Planetary Boundaries
3 New Frontiers
  • Economics of Geoengineering
  • Artificial Intelligence and Resource Use
  • Space Resource Economics
4 Research Agenda
  • Addressing Inequality
  • Transformative Change
  • Resilience in Uncertain Times

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