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14255-01 - Lecture: Environmental Economics 3 CP

Semester fall semester 2021
Course frequency Every fall sem.
Lecturers Frank Christian Krysiak (frank.krysiak@unibas.ch, Assessor)
Content This course addresses topics from current research in environmental economics. The focus is on designing environmental policy with applications to climate and energy policy.

The course will cover three important elements of designing environmental policy:
1) The ability to cope with complications in the short run, such as missing information about costs and benefits, market power or imperfect compliance;
2) The influence of policy on technological change in the long run;
3) The evaluation of policy targets: How to set policy targets under uncertainty about costs and benefits.

The course will commence with simple problems, as they are discussed in a typical BA course on environmental economics, and will progress to more complex settings found in many applications. We will discuss a range of policy instruments used in climate and energy policy and investigate how they need to be adjusted for being able to cope with real-world complexities.

Most parts of the course will be based on environmental economic theory, that is, we will capture the essence of an environmental problem in a model and investigate potential solutions in this context. In addition, we will discuss several current Swiss and European issues of environmental policy.

In this course, active participation is essential. Students are expected to read one paper before each lecture and we will discuss the main argument made in the paper as well as applications and extensions in class.

The course is complemented by an online course (MOOC), where we discuss environmental and energy economic modeling and where students build and analyze their own model. It is recommended (but not required) to enrol in both courses.
Learning objectives The course will provide
-) an overview over central topics in environmental economics and environmental policy;
-) training in how to set up, analyze and interpret environmental economic models;
-) the necessary concepts and tools to read and understand current research papers in environmental economics;
-) competences for assessing current environmental policy and appreciating the problems raised by complications, such as missing cost/benefit information or strategic firm behavior.


Bibliography The course is based mostly on research papers. A reading list will be distributed at the start of the term. Students are required to read about one paper per week.

In addition, we will use some (minor) parts of the text book A. Xepapadeas (1997), "Advanced Principles in Environmental Policy", Edward Elgar. (The book is available in the library; due to its price, I do not recommend to buy it.)

Students who are not yet familiar with basic concepts of environmental economics, might benefit from preparing for this course by studying the environmental economics part of R. Perman, Y. Ma, J. McGilvray und M. Common (2003), "Natural Resource and Environmental Economics", 3rd oder 4th Edition, Pearson Education.

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Admission requirements Advanced students from other programs are admitted, if they have sufficient training in microeconomics and mathematics. Some background in environmental economics is recommended but not required.

Course application Registration: Please enrol in MOnA. EUCOR-Students and students of other Swiss Universities have to enrol at the students administration office (studseksupport1@unibas.ch) within the official enrolment period. Enrolment = Registration for the exam!
Language of instruction English
Use of digital media No specific media used

 

Interval weekly
Date 24.09.2021 – 10.12.2021
Time Friday, 10.15-12.00 Wirtschaftswissenschaftliche Fakultät, Seminarraum S15 HG.31

The course is planned as an in-class course, if necessary it will be offered in hybrid form, i.e. with a simultaneous livestream or as an online presence course.

Date Time Room
Friday 24.09.2021 10.15-12.00 Wirtschaftswissenschaftliche Fakultät, Seminarraum S15 HG.31
Friday 01.10.2021 10.15-12.00 Wirtschaftswissenschaftliche Fakultät, Seminarraum S15 HG.31
Friday 08.10.2021 10.15-12.00 Wirtschaftswissenschaftliche Fakultät, Seminarraum S15 HG.31
Friday 15.10.2021 10.15-12.00 Wirtschaftswissenschaftliche Fakultät, Seminarraum S15 HG.31
Friday 22.10.2021 10.15-12.00 Wirtschaftswissenschaftliche Fakultät, Seminarraum S15 HG.31
Friday 29.10.2021 10.15-12.00 Wirtschaftswissenschaftliche Fakultät, Seminarraum S15 HG.31
Friday 05.11.2021 10.15-12.00 Wirtschaftswissenschaftliche Fakultät, Seminarraum S15 HG.31
Friday 12.11.2021 10.15-12.00 Wirtschaftswissenschaftliche Fakultät, Seminarraum S15 HG.31
Friday 19.11.2021 10.15-12.00 Wirtschaftswissenschaftliche Fakultät, Seminarraum S15 HG.31
Friday 26.11.2021 10.15-12.00 Dies Academicus
Friday 03.12.2021 10.15-12.00 Wirtschaftswissenschaftliche Fakultät, Auditorium
Friday 10.12.2021 10.15-12.00 Wirtschaftswissenschaftliche Fakultät, Seminarraum S15 HG.31
Modules Module: Core Competences in Economics (Master's Studies: Sustainable Development)
Module: Core Courses in International Trade, Growth and the Environment (Master's Studies: Business and Economics)
Module: Field Electives in Economics and Public Policy (Master's Studies: Economics and Public Policy)
Module: Policy Field: Environment and Energy (Master's Studies: Economics and Public Policy)
Module: Preparation Master's Thesis in Economics (Master's Studies: Sustainable Development)
Module: Specific Electives in Business and Economics (Master's Studies: Business and Economics)
Module: Specific Electives in International Trade, Growth and the Environment (Master's Studies: Business and Economics)
Specialization Module: International Trade, Growth and the Environment (Master's Studies: Business and Economics (Start of studies before 01.08.2021))
Vertiefungsmodul Global Europe: Umwelt und Nachhaltigkeit (Master's Studies: European Global Studies)
Assessment format record of achievement
Assessment details Performance will be assessed via a written exam at the end of the term.
written exam: 10.12.21: 10:15-11:45. The exam rooms will be published up to 01.12.21.
In case COVID-19 protective measures prevent examination on site, the faculty reserves the right to conduct the examination electronically during the same time slot.
You can still withdraw from the examination by submitting a completed, signed form to our office from 19.10.21 until 29.10.21 / 12:00 o’clock. Please send your form by mail to belegungstorno-wwz@unibas.ch. You will find the examination withdrawal form on the Homepage of the Student Dean’s Office.
Prior to 18.10.21, please only use MONA for withdrawing.


Assessment registration/deregistration Reg./dereg.: course registr./cancel registr. via MOnA
Repeat examination no repeat examination
Scale 1-6 0,1
Repeated registration as often as necessary
Responsible faculty Faculty of Business and Economics , studiendekanat-wwz@unibas.ch
Offered by Faculty of Business and Economics

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