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Environmental Economics

Předmět na Fakulta sociálních věd |
JEM218

Sylabus

People

Lecturer:

Dr. Milan Ščasný, milan.scasny@czp.cuni.cz; Charles University, Environment Center (José Martího 2/407, Prague 6) & Institute of Economic Studies, Fac Soc Sci

Teaching Assistants:

Diana Kmeťková, PhD candidate, diana.kmetkova@fsv.cuni.cz  

Structure of the course 1. Intro to the Course & Welfare measurement

Consumer demand theory: Marshallian vs Hicksian demand; Welfare Measures

February 16 2. Revealed preferences

Hedonic pricing (theory, hedonic price function, implicit price, econometrics)

Travel Cost Model (recreation demand, model typology, zonal vs. individual TCM, RUM; data and econometric issues)

February 23 3. Ex post Modeling of Economic-Envi Relationship: Decompositions & Environmental Kuznets Curve [Ščasný/Kmetkova]

Decomposition analysis – Index Decomposition, LMDI, interpretation 

EKC hypothesis, theoretical underpinnings, shortcomings, econometrics 

March 2 4. Stated preferences

Theoretical validity; WTA vs. WTP; Incentive compatibility, elicitation formats; Random Utility Model; Non-parametric vs parametric estimation of choice data

Designing choice experiment: choice task, alternatives, attributes, their levels; experimental designs

March 9 5. Discrete choice experiments

Econometric modeling & preference heterogeneity (CL, MXL, Latent Class Logit, Hybrid Choice models)

Articles to be presented by the students

March 16 6.  Health risk valuation 

(i) Morbidity: household production function, Cost-Of-Illness, WTP

(ii) Premature mortality: QALY; LE; Value of a Statistical Life; VOLY

(iii) Health Impact Assessment, Environmental & Health Externalities

March 23 7.  Climate Change Economics

Social Cost of Carbon; Integrated Assessment Models; Social Discount Rate; Equity

Articles to be presented by the students

March 30

April 13

Dean’s break (Easter holidays)

April 6 8.  Environmental Regulation

Why regulate the market? External costs: definition, optimum 

Market-based Instruments: taxes, emission trading

April 20   9. European Green Deal, Fit for 55 [Ščasný/Máca]

European legislation; How to model the impacts of EGD and Fit for 55

April 27 10. Regulatory Impact Analysis [Ščasný/Rečka]

What modeling approaches we can use: Energy System Modelling; Input-Output analysis; Environmentally-extended IOA; Partial-equilibrium, General-Equilibrium; Macro-econometric; Integrated Assessment Models – pros and cons

May 4

May 11  

Materials

Visit Moodle at: https://dl1.cuni.cz/course/view.php?id=14924

Anotace

The course features a series of lectures on environmental economics, partly covering also energy economics, health economics and welfare measurement, all linked to environmental problems. The course provides students with the framework to understand the theory and methods of environmental economics, consumer behaviour and non-market valuation in particular.