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Updated A.Y. 2019-2020

Course Content

This course aims at providing students with the analytical tools and methodological skills that are necessary to understand the origins of environmental problems, and to identify the appropriate policies to solve them. During the course, the most recent developments and debates in environmental and natural resource economics are addressed.

Environmental economics studies the complex interrelations between economics and the environment. The starting point of the analysis is the recognition that in several cases markets do not provide the right amount of environmental protection, and that some government intervention is needed to balance different social needs. In a world where human pressure and economic activities stress the environment by exploiting fisheries, forests, minerals, energy sources, and other environmental resources, it is increasingly important to study how economic tools can be used to develop sustainable environmental approaches and policies.

During the course, a selection of specific topics will be presented at an intermediate-advanced level:

1. The sources of environmental problems: property rights, externalities and the Tragedy of the Commons

2. Pollution: efficient targets and policy responses

3. Climate change issues

4. Energy issues

5. Behavioral environmental economics

6. Waste management and policies



Perman, R. et al. (2011), “Natural resource and environmental economics”, Third Edition, Pearson: relevant chapters: 2, 5, 6, 7, 8, 15.

Further readings (slides, reports and journal articles) will be available on the course website.