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Last update 17-10-2017
HU Credits: 3

Degree/Cycle: 2nd degree (Master)

Responsible Department: environmental economics & management

Semester: 1st Semester

Teaching Languages: English

Campus: Rehovot

Course/Module Coordinator: Iddo Kan

Coordinator Email:

Coordinator Office Hours: Sunday 13:00-15:00 upon setting a meeting

Teaching Staff:
Dr. Iddo Kan

Course/Module description:
The course presents theories, models and empirical applications of economic analysis of environmental problems, including valuation of non-market products, optimizing environmental protection and management of environmental policies.

Course/Module aims:
The course provides in-depth understanding of the field of environmental economics, including theories and advanced analytical tools.

Learning outcomes - On successful completion of this module, students should be able to:
The students will understand economic theories for analyzing environmental problems, economic evaluation tools, and environmental aspects and issues associated with regulating and management of environmental policies.

Attendance requirements(%):

Teaching arrangement and method of instruction: Lectures

Course/Module Content:
How much environmental quality?
Market failures
Making decisions about environmental programs
Environmental demand theory
Hedonic-price methods
Household production
Constructed markets
Double dividend and the theory of second best
Regulation under uncertain costs
Auctioning emission permits
Audits, enforcement & moral hazard
Voluntary actions and agreements
Risk management

Required Reading:
Kolstad, Charles. Environmental Economics. 2nd ed. Oxford University Press, 2010.
Champ, P. A., Boyle, K. J., & Brown, T. C. (Eds.). (2012). A primer on nonmarket valuation (Vol. 3). Springer Science & Business Media.‏

Additional Reading Material:
Key papers referenced in the presentations

Course/Module evaluation:
End of year written/oral examination 0 %
Presentation 50 %
Participation in Tutorials 0 %
Project work 50 %
Assignments 0 %
Reports 0 %
Research project 0 %
Quizzes 0 %
Other 0 %

Additional information:
Each student will present in the last lessons of the semester a paper from the last annual meeting of the European Association of Environmental and Resources Economists (EAERE)
Students needing academic accommodations based on a disability should contact the Center for Diagnosis and Support of Students with Learning Disabilities, or the Office for Students with Disabilities, as early as possible, to discuss and coordinate accommodations, based on relevant documentation.
For further information, please visit the site of the Dean of Students Office.