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