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| Semester | fall semester 2015 |
| 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 under informational constraints, such as, asymmetric information or uncertainty. We will discuss first-best vs. second-best policies, environmental regulation of firms with market power, monitoring and compliance problems, price- vs. quantity-based regulation under uncertainty, hybrid instruments, innovation and policy-induced technological change (from a microeconomic perspective), local pollutants and hot spots, and evaluating irreversible projects. In terms of applications, we will discuss climate and energy policy and use some example from air and water protection. The course is complemented by an online course (MOOC), where we discuss environmental and energy economic modeling and where students will build and analyze their own model. Students are requested to enroll 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 economic; -) 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 small parts of the text 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. |
| Weblink | Weblink |
| 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. The course is coupled to the online course "MOOC: Modeling in Environmental and Energy Economics" and students are requested to do both courses during the same term. |
| Course application | Course registration: please enrol in MOnA; Eucor students enrol at the Students Services at Petersplatz 1 within the registration deadline. Registration = Admission to the exam |
| Language of instruction | English |
| Use of digital media | No specific media used |
| Course auditors welcome |
| Interval | Weekday | Time | Room |
|---|
No dates available. Please contact the lecturer.
| Modules |
Modul Aufbaubereich wirtschaftswissenschaftliche Fragen von Nachhaltigkeit (Master Sustainable Development) Modul Kernbereich Wirtschaftswissenschaften für Fortgeschrittene (Master Sustainable Development) Modul Spezialkompetenzen Europa (Master European Studies (Start of studies before 01.02.2015)) Vertiefungsmodul Global Europe: Umwelt und Nachhaltigkeit (Master European Global Studies) Vertiefungsmodul International Trade, Growth and the Environment (Master Business and Economics) |
| Assessment format | end-of-semester examination |
| Assessment details | Performance will be judged by a written exam at the end of the term. Exam: 11.12.15; 10:15-11:15. WWZ S14: A-Z. You can still withdraw from the examination by submitting a completed, signed form to our office from 13.10.15 until 23.10.15 / 12:00 o’clock. Withdrawals sent by email will not be accepted. You will find the examination withdrawal form on the Homepage of the Student Dean’s Office. Prior to 12.10.15, please only use MONA for withdrawing. The exam rooms will be published up to 03.12.15. |
| Assessment registration/deregistration | Registration: course registration |
| 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 |