Teacher
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BRANCA Giacomo
(syllabus)
Program: 1. Introduction: economics and environment, the concept of sustainability 2. The economic approach: property rights, externalities, and environmental problems 3. Evaluating trade-offs: benefit-cost analysis and other decision-making metrics 4. Valuing the environment: methods 5. Economics of pollution control: o The environmental standards. o Economic incentives for environmental protection: the optimal pigouvian tax. Monopoly and pigouvian tax. Marginal abatement cost of pollution reduction. Equimarginal principle, pigouvian tax and abatement costs. Comparison between environmental tax and standards. The theorem of Baumol and Oates. o Transferable discharge permits. 6. Positive externalities: Payments for Ecosystem Services (PES) 7. Storable, renewable resources: forests 8. Common pool resources: fisheries and other commercially valuable species 9. Climate change
(reference books)
1. Text book (available in the library – polo S.M.Paradiso): • Tietenberg T., Lewis L., Environmental and Natural Resource Economics, 10th edition, Pearson Education Limited, 2015 Chapters 1 – 4; 11-12; 14 Or • Tietenberg T., Lewis L., Environmental and Natural Resource Economics, 9th edition, Pearson Education Limited, 2014 Chapters 1 – 4; 11-14; 16
2. E-material is available in English – upon request
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