Course: Sustainability and Environmental Economics (5206-272)

Persons:

• Prof.Dr. Michael Ahlheim (verantwortlich)

Type of Course:

lecture with exercise

In-Class Hours Per Week:

3

Contents:

ln the first part of this lecture course different concepts of sustainability
are introduced to students. The next part deals with government's
responsibility for the environment and with optimal government policies
to cope with market failure in the environmental sector of the economy. These policies focus on an overall efficient use of the scarce resources of an economy. The next part focusses on environmental cost-benefit analysis and different techniques of preference assessment. ln the final part of this lecture course which focusses on the basic concepts of resource economics students learn about the optimal extraction of nonrenewable resources like crude oil or natural gas over time. The main topics of this lecture course are:

- The concept of sustainability and its different interpretations
- The responsibility of government for the environment
- Market failure and the economic causes of environmental problems
- Instruments of environmental policy
- The economic assessment of environmental values
- Basic concepts of resource economics

Literature:

AHLHEIM, M. (1998), Measures of economic welfare, in: Barbera, S., Hammond, P. J., Seidl, C. (eds), Handbock of utility theory, Vol. 1: Principles, Kluwer Academic Publishers, Dordrecht, 483-568.

AHLHEIM, M., EKASINGH, B., FRÖR, 0 ., KITCHAICHAROEN, J., NEEF, A. , SANGKAPITUX, C., SINPHURMSUKSKUL, N. (2010), Better than their reputation: enhancing the validity of contingent valuation mail survey results through citizen expert groups. Journal of Environmental Planning and Management 53(2), 163-182.

AHLHEIM, M., FRÖR, 0 ., SINPHURMSUKSKUL, N. (2006), Economic valuation of environmental benefits in developing and ernerging countries: theoretical considerations and practical evidence from Thailand and the Philippines, Quarterly Journal of International Agriculture 45 (4): 397-419.

Further literature will be announced in the lecture.

Location:

Hohenheim

Module:

• 5206-270 Advanced Module Sustainability (compulsory)