ENERGY AND ENVIRONMENT ECONOMICS

Course Description

This course provides students with a better understanding of the structure of energy and resource markets. An overview of the theory and empirical practice of economic analysis will be used in evaluating energy and environmental problems. Topics covered include the natural resource economics, as well as electricity and oil markets. Other topics include environmental policy (pollution and economic efficiency); analysis of economic instruments, such as tradable property rights and pollution taxes; the allocation of non-renewable and renewable resources; and contemporary issues of growth, sustainable development and climate change. They will also be able to understand electricity markets and the economics of climate change.

ENERGY AND ENVIRONMENT ECONOMICS

Evaluation Tools (Active Term)

No evaluation items have been defined.

Course outcomes

No course outcomes have been defined yet.

Course Syllabus

Reference Books & Course Materials

1. 01 Principles of Environmental Economics, Second Edition, Ahmed M. Hussen, Taylor & Francis e-Library, 2004
2. 02 Environmental Economics, Charles D. Kolsrad, Oxford University Press, 2000.

Learning Outcomes

1. L01 To provide students with the necessary analytical tools in the field of environmental policies. SOLO 3
2. L02 To reach a greater understanding of international, national and local environmental policies. SOLO 4
3. L03 to emphasise the major themes occuring within environmental pollution and control. SOLO 3
4. L04 to reach an understanding of future developments for effective local and international diplomacy. SOLO 4

Program Outcomes

1. P01 PO1: Engaged in insightful thinking leading to self-learning and lifelong learning.
2. P02 PO2: Established a general knowledge of economics sufficient to work independently through specific learned techniques generated via individual efforts and study.
3. P03 PO3: Reached the required knowledge and skills to understand social, economic and legal issues both within national, international and global contexts and apply theoretical knowledge of economics to practice.
4. P04 PO4: Adopted the ability to critically evaluate, analyze and interpret information gathered through the use of related statistical software programs to suggest creative solutions for economic problems and make relevant economic decisions.
5. P05 PO5: Been aware of gathering and analyzing data through the application of appropriate technological tools in an ethical and safe manner in order to generate economic decisions and policy suggestions.
6. P06 PO6: Been equipped with conceptual and analytical skills essential for team-working and collaborations for economic decision making for a variety of economic concepts in national and global environment.
7. P07 PO7: Endowed with both oral and written communication skills within the economic field to effectively study and work in an international environment
8. P08 PO8: Been able to transfer theoretical knowledge to real life economic environment: to generate policies for microeconomic and macroeconomic problems faced by individuals, firms and governments at national, international and global context.
9. P09 PO9: Developed an ability to apply economic analysis to everyday problems in real world through the development of ethical perspectives and social responsibilities at work and in personal life.

Po-Lo Matrix