ECONOMICS OF NATURAL RESOURCES AND ENVIRONMENT

ECO431

Course Code: ECO431
Semester: -
Theory+Practice: 3 + 0
ECTS: 5

Course Type

Elective Course

Course Level

Bachelor's Degree

Year of Study

Semester

ECTS

Name of Lecturer(s)

. Servıs Servıs

Learning Outcomes

At the end of this course, the students;

Discuss some of the most relevant contemporary environmental problems
Identify policy solutions to these problems
Discuss existing sustainability initiatives, policies, and practices
Establish the relationship between the environment, sustainable development, and economics.

Mode of Delivery

Face to face

Prerequisites

Recommended Optional Programme Components

None

Course Description

The purpose of this course is to explore environmental issue to evaluate the responses to environmental challenges. The course will address a range of questions, such as: How did concerns about the environment historically emerge? what are the environmental preferences and how we measure them.? What are the tools for environmental policy? How do the environment and economics align? Additionally, because the urgency to address sustainability challenges has become increasingly apparent we will examine the concept of sustainability in this regard by focusing on institutional transformation and the integration of sustainability principles across academic, operational, and cultural dimensions.

Course Contents

WEEK	TOPICS
1^st Week	Analyzing and discussing the Focus Question Case Study : Life Cycle Analysis of Meat Production
2^nd Week	Understanding the link between environment and economics
3^rd Week	Historical Background
4^th Week	Understanding the prerequisits
5^th Week	Policy Tools
6^th Week	Regulations
7^th Week	Midterm
8^th Week	Discussion Case Study Again: Life Cycle Analysis of Meat Production
9^th Week	Concept of Sustainability
10^th Week	Sustainable Development Indicators
11^th Week	Sustainable Development Indicators
12^th Week	Sustainability Practises
13^th Week	Sustainability Practises
14^th Week	Analyzing the existing sustainability metrics

Recommended or Required Reading

2. Hafta Environmental Economics sec. edition Charles D.

Kolstad. Oxford University Press 2011 Part 1-1
Dodo J. Thampapillai and Matthias Ruth (2019) Environmental
Economics Concepts Methods and Policies. Routhledge Part 1
The Environment and the Economy- Chapter 1 The
Environment and Economics
3. Hafta 1. Economics and the Environment since the 1950s:
An Overview Nathalie Berta, Romain Debref, Franck-
Dominique Vivien
2. The Early History of Environmental Economics - Agnar
Sandmo
3. The Evolution of Environmental Economics : A View from
the Inside ? Robert N. Stanvis
4. An Intellectual history of environmental economics ? David
Pearce 2002
4. Hafta Environmental Economics 2 nd . edition Charles D.
Kolstad. Oxford University Press 2011
Ch. 4 Efficiency and Markets
Ch. 5 Market Failure: Public goods, Public bads and
Externalities
5. Hafta Environmental Economics 2 nd . edition Charles D.
Kolstad. Oxford University Press 2011
9. Hafta Sustainability: A Comprehensive Foundation (2012)
Editors Tom Theis and Jonathan Tomkin, Rice University,
Houston, Texas
Chapter 1 Introduction to Sustainability: Humanity and the
Environment
Sustainability E-Book For Students (2023) Bartlomiej
Pieranski, Barbara Borusiak, Mateja Brozovic et al. Poznan
INTRODUCTION TO SUSTAINABILITY
The concept of sustainability in history and THE present -
Lubomir Civin
Ch. 6 Making Decisions for Environmental Programs
Ch.7 Demand for Environmental Goods
Ch. 8 Hedonic Price Methods
6. Hafta Environmental Economics 2 nd . edition Charles D.
Kolstad. Oxford University Press 2011
Ch. 11 Regulating Pollution
Ch. 12 Emission Prices and Fees
Stephen Smith; Environmental Economics: A Very Short
Introduction Oxford University Press 2011
Chapter 3 Environmental policy: instrument choice
Chapter 4 Economic information and values in environmental
policy decisions
12-13. Haftalar Sustainability E-Book For Students (2023)
Bart?omiej Piera?ski, Barbara Borusiak, Mateja Brozovi? et al.
Poznan
DISCLOSURES IN SUSTAINABLE BUSINESS PRACTICES
The regulatory framework of non-financial reporting - Nikolina
Decman
Analysis of social responsibility reporting standards and
frameworks - Ana Rep
Transparent non-financial reporting with a focus on the
principle of materiality - Ana Rep
Audit of non-financial reports - Mateja Brozovic
Green bonds and green loans in supporting sustainability projects - Nika Simurina
14-15. Haftalar Sustainability: A Comprehensive Foundation
(2012) Editors Tom Theis and Jonathan Tomkin, Rice
University, Houston, Texas
Ch. 9 Problem Solving, Metrics and Tools for Sustainability

Planned Learning Activities and Teaching Methods

Lecture
Discussion

Assessment Methods and Criteria

	Quantity	Percentage (%)
Mid-term	1	30
Quiz	6	10
Attendance	1	20
Total(%)		60
Contribution of In-term Studies to Overall Grade(%)		60
Contribution of Final Examination to Overall Grade(%)		40
Total(%)		100

ECTS Allocated Based on Student Workload

Activities	Quantity	Duration (Hour)	Total Workload (Hour)
Midterm exam	1	1	1
Preparation for Quiz	0	0	0
Individual or group work	14	3	42
Preparation for Final exam	1	30	30
Course hours	14	3	42
Preparation for Midterm exam	1	25	25
Laboratory (including preparation)	0	0	0
Final exam	1	1	1
Homework	1	4	4
Total Work Load			145
Total Work Load / 30 (h)			4.83
ECTS Credit of the Course			5

Language of Instruction

English

Work Placement(s)

Programme Qualifications / Learning Outcomes

	LO1	LO2	LO3	LO4
K1				X
K2				X
K3			X
K4
K5
K6
K7	X
K8		X
K9				X
K10
K11
K12				X
K13		X