Environmental Economics

Course Code: 
4136
Semester: 
5th
Specialization Courses
B. International and European Political Economy
Professor: 

TYPE OF COURSE: Compulsory for the specialization “International and European Political Economy”

NUMBER OF CREDITS: 6 ECTS credits

EXPECTED LEARNING OUTCOMES:

Students will become familiar with the theory and practice of Environmental, Natural Resources and Energy Economics and Management. The course will be thought via numerous applied examples/case studies from all over the world. At the end of this course students will be able to understand how research is conducted and applied in this field of economics; in particular how sustainable management scenarios and policies are constructed and implemented in an interdisciplinary framework. Students who finish this course will be valuable researchers/employees for institutions that manage energy and the environment. 

PREREQUISITES: -

COURSE CONTENT:

Understanding Sustainable Development: UN Agenda 2030 and the 17 Sustainable Development Goals.

Efficient Allocation of Scarce Natural Resources: Theory and Applied Examples from Renewable and Non-Renewable Resources (Freshwater; Sea and Oceans; Biodiversity; Climate (Climate Change Mitigation and Adaptation); Wind/Solar/Wave/Geothermal Energies etc).

THE VALUE OF NATURE: Monetary valuation of the natural resources and their ecosystem services: Methods (Market Methods and Non-market Methods: Hedonic Price Analysis, Contingent Valuation, Choice Experiments, Laboratory Experiments, Value Transfers) and Empirical Applications.

INTEGRATING THE VALUE OF NATURE IN INVESTMENT DECISIONS AND RESOURCE ALLOCATION: Cost Benefit Analysis for the selection of Sustainable Projects and Policies; Understanding the concept of the social discount rate for assessing: Theory, Tools and Empirical Applications

Sustainable Development Solutions Network: Science Driven Technological, Socio-Economic, Governance, Policy Innovations/Solutions. Examples from National, European and International Projects.

RECOMMENDED READING

TEACHING METHODS: Lectures and Applied Projects

ASSESSMENT METHODS: Written exams

LANGUAGE OF INSTRUCTION: Greek – English terminology