ENVIRONMENTAL ECONOMICS AND POLICY
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- Versione italiana
- Academic year
- 2022/2023
- Teacher
- MASSIMILIANO MAZZANTI
- Credits
- 9
- Curriculum
- Green economy and sustainability
- Didactic period
- Primo Semestre
- SSD
- SECS-P/02
Training objectives
- The aim of the course is the investigation of environmental economics and policy theory, with its applications by means of quantitative analysis and case studies
Students who complete this course will develop:
• An understanding of the key links between economics and environmental issues
• An understanding of the role of environmental policies in the path towards sustainability and the green economy, including the induced innovation effect of policies
• Knowledge and skills to analyze major environmental issues from an economic perspective, with applications to firms and sector analyses
Prerequisites
- prior knowledge of micro and macro economics (not advanced) are necessary. elements of public economics are relevant.
The applied analysis requires basic knowledge of econometrics and elements of management related to innovation theory Course programme
Introduction to the course
Concepts of Environmental Economics (22 hours): Environment and Development, Trade and the environment, Macroeconomics of Sustainability
Markandya et al. (2012), Blueprint for a green economy, Earthscan.
Perman et al., Natural Resources and Environmental Economics, 3d edition, Pearson (chapters 1-4; 19), Turner K. Pearce D. Bateman I. 1994, Environmental Economics an elementary introduction, Harvester (part I, II, III)
Lecture Notes and slides
Environmental Policy (22 hours): environmental taxes, emission trading, subsidies, liability schemes. Analysis of static and dynamic efficiency, effectiveness and effects on economic and environmental performances
Readings
Perman et al., Natural Resources and Environmental Economics, 3d edition, Pearson
Baumol & Oates 'The theory of Environmental Policy' Ch. 11, second edition;
Perman et al., (chapter 5)
Perman et al., (chapter 7: 7.4.2),
Turner K. Pearce D. Bateman I. 1994, Environmental Economics an elementary introduction, Harvester (part IV)
Pearce DW (2005), Energy Economics: The Political economy of an energy tax
Baumol & Oates – A theory of environmental policy (chapter 11, Optimality without efficiency), 1986
Emissions trading: Cheap and dirty, Financial Times, February 13, 2012, By Joshua Chaffin
http://www.ft.com/cms/s/0/135e1172-5636-11e1-8dfa-00144feabdc0.html#axzz25sUJU2Yv
Lecture Notes and slides
Environmental Policy, innovation and economic performances (26 hours): Dynamic efficiency of Environmental policy, effects on firms and sector activities. Applied analyses on inventions and innovation adoptions at macroeconomic, sector and firm levels.
Tietenberg Environmental & Natural Resources Economics, 9/E, Prentice Hall 2012, chapter 5
Popp, D. (2003). Pollution control innovations and the clean Air Act of 1990. Journal of Policy Analysis and Management, 22 (4), 641-660.
Popp, D. (2006). International innovation and diffusion of Air Pollution Control technologies: The effects of NOX and SO2 regulation in the US, Japan, and Germany. Journal of Environmental Economics and Management, 51 (1), 46-71.
Porter, M., & Van der Linde, C., (1995). Toward a new conception of the environment- competitiveness relationship. Journal of Economic Perspective, 9 (4), 97–118.
Porter, M., (1991). America’s Green Strategy. Scientific American, 264 (4), 168.
Porter, M., Van der Linde, C., (1995). Toward a new conception of the environment- competitiveness relationship. Journal of Economic Perspective, 9 (4), 97–118.
Porter, M.E. (2010). Reflections on a hypothesis: lessons for policy, research and corporate practice. Presentation at the Porter hypothesis at 20 Conference, Montreal, Canada, 28 June, available at www.sustainableprosperity.ca
Milliman S. R., and Prince R. (1989) Firm incentives to promote technological change in pollution. Journal of Environmental Economics and Management, 17, 247-265.
Mohnen P. Roller L.H. (2005) Complementarities in Innovation Policy, European Economic Review, vol. 49 n. 6 pp. 1431-50
Jaffe, Adam B., Steven R. Peterson, and Paul R. Portney. "Environmental Regulation and the Competitiveness of U.S. Manufacturing: What Does the Evidence Tell Us?" Journal of Economic Literature, March 1995.
Lecture Notes and slidesDidactic methods
- lectures, essays, discussion in classes
The essays/papers are original works based on dataset provided by the teacher
For the academic year 21 22 the lessons will be held face to face and in streaming to ensure didactic continuity for those who cannot follow due to the persistence of a pandemic crisis. The seminars will be streamed or face-to-face.
link classroom (Unique reference for interactions and information on the course)
https://classroom.google.com/c/MzcyMDIyNzE4NDcw?cjc=blpwoku Learning assessment procedures
- The course is based on active teaching methodologies aimed at maximizing students’ participation. In addition to theoretical sessions, all participants will be involved in the discussion of case studies.
Written test
optional oral test
Written test at the end of the course (two open questions on topics of the course) and essay of 5000-10000 words not obligatory complement (to be determined during the course with the teacher) Reference texts
- Main books of reference
Perman et al., Natural Resources and Environmental Economics, 3d edition, Pearson
Markandya et al. (2012), Blueprint for a green economy, Earthscan.
Turner K. Pearce D. Bateman I. 1994, Environmental Economics an elementary introduction
