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: iddo.kan@mail.huji.ac.il

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(%):
0%

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)