Environmental Economics and Appraisal
A.Y. 2023/2024
Learning objectives
The course is supposed to:
- introduce students to basic concepts of environment¿s economic analysis
- give the main instruments of economic analysis of environmental problems
- give ways of intervention on main actors of economic systemThe course is supposed to:
- introduce students to basic concepts of environment¿s economic analysis
- give the main instruments of economic analysis of environmental problems
- give ways of intervention on main actors of economic system
- introduce students to basic concepts of environment¿s economic analysis
- give the main instruments of economic analysis of environmental problems
- give ways of intervention on main actors of economic systemThe course is supposed to:
- introduce students to basic concepts of environment¿s economic analysis
- give the main instruments of economic analysis of environmental problems
- give ways of intervention on main actors of economic system
Expected learning outcomes
Through the teaching the student achieve the capacity for identify instruments of economic analysis of environmental policy and their effects on economic variables with reference to control positive and negative externalities from agricultural sector.Through the teaching the student achieve the capacity for identify instruments of economic analysis of environmental policy and their effects on economic variables with reference to control positive and negative externalities from agricultural sector.
Lesson period: First semester
Assessment methods: Esame
Assessment result: voto verbalizzato in trentesimi
Single course
This course can be attended as a single course.
Course syllabus and organization
Single session
Responsible
Lesson period
First semester
Course syllabus
Environmental Economics (Prof Bertoni)
1) Introduction to environmental economics; Environmental economics history; Natural resources in classical and neoclassical economics; Environmental economics, natural resources economics and ecological economics
2) Environment-economy interactions; Economic growth and environmental sustainability; Sustainable development
3)Environmental microeconomics; Market failure; Private and public goods; Externalities; The socially optimal level of pollution; Pollution regulation: Incentive vs command-and-control mechanism; The socially optimal level of pollution and taxation; The polluter-pays principle; The pigouvian tax; The costs of pollution reduction; Pollution taxes effects on consumers; Economical implications of command-and-control approach; Taxes vs standards in the presence of information asymmetry; Environmental subsidies; Deposit-refund systems; Tradable emission permits; The Kyoto Protocol and EU emission trading system
4) Renewable natural resources economics
5)Agriculture multifunctionality; Multifunctionality: theoretical background; Joint production and externalities linked to agricultural production; The multiple functions of agriculture and ecosytem services; Multifunctionality: policy implications
6) The Common Agricultural Policy; The green architecture of the CAP; The CAP greening process CAP cross-compliance; The Rural Development Policy; The agro-environmental measures; the CAP 2023-2027.
Environmental economic appraisal (Prof Peri)
Capital, interest, rate. Simple interest, compound interest. Transfer of values over time.
Characteristic's and aims of appraisals. The value. Economical aspects (market value, cost value, capitalization value, complementary value, transformation value, subrogation value). Estimation procedures.
Conceptual foundation for the economic valuation of public goods. The total economic value (use and non-use). Monetary and non-monetary assessments;
Procedures for the assessment of plans and projects, nature and object of valuation. Economic evaluation of public and private projects, cost benefit analysis. Outline on monetary methods for estimating the total economic value: (travel costs, hedonic prices, contingent valuation, choice experiments, benefit transfer). The social discount rate. Financial evaluation of investment convenience.
Methods for the evaluation of private investments: cash flows analysis, indexes analysis (net present value, internal rate of return)
1) Introduction to environmental economics; Environmental economics history; Natural resources in classical and neoclassical economics; Environmental economics, natural resources economics and ecological economics
2) Environment-economy interactions; Economic growth and environmental sustainability; Sustainable development
3)Environmental microeconomics; Market failure; Private and public goods; Externalities; The socially optimal level of pollution; Pollution regulation: Incentive vs command-and-control mechanism; The socially optimal level of pollution and taxation; The polluter-pays principle; The pigouvian tax; The costs of pollution reduction; Pollution taxes effects on consumers; Economical implications of command-and-control approach; Taxes vs standards in the presence of information asymmetry; Environmental subsidies; Deposit-refund systems; Tradable emission permits; The Kyoto Protocol and EU emission trading system
4) Renewable natural resources economics
5)Agriculture multifunctionality; Multifunctionality: theoretical background; Joint production and externalities linked to agricultural production; The multiple functions of agriculture and ecosytem services; Multifunctionality: policy implications
6) The Common Agricultural Policy; The green architecture of the CAP; The CAP greening process CAP cross-compliance; The Rural Development Policy; The agro-environmental measures; the CAP 2023-2027.
Environmental economic appraisal (Prof Peri)
Capital, interest, rate. Simple interest, compound interest. Transfer of values over time.
Characteristic's and aims of appraisals. The value. Economical aspects (market value, cost value, capitalization value, complementary value, transformation value, subrogation value). Estimation procedures.
Conceptual foundation for the economic valuation of public goods. The total economic value (use and non-use). Monetary and non-monetary assessments;
Procedures for the assessment of plans and projects, nature and object of valuation. Economic evaluation of public and private projects, cost benefit analysis. Outline on monetary methods for estimating the total economic value: (travel costs, hedonic prices, contingent valuation, choice experiments, benefit transfer). The social discount rate. Financial evaluation of investment convenience.
Methods for the evaluation of private investments: cash flows analysis, indexes analysis (net present value, internal rate of return)
Prerequisites for admission
Principles of microeconomics are required.
Teaching methods
Frontal lessons
Teaching Resources
Environmental Economics
1) Slides provided by teacher
2)D.W. Pearce, R.K. Turner, Economia delle risorse naturali e dell'ambiente, il Mulino Chapters: 1,2,4,5,6,7,8,16(paragrafi da 1 a 5) (out of sale).
Alternatively, Turner R.K., Pearce D.W., Bateman I., Economia ambientale, Il Mulino Chapters 1,2,4,5.
To deepen: T. Tietenberg, Economia dell'ambiente; McGraw-Hill
- Environmental economic appraisal
Malagoli C., Bertoldo M., Estimo territoriale e ambientale. Aspetti di carattere generale. Aracne ed.
Polelli M., Trattato di Estimo. Maggioli ed.
Michieli I., Trattato di Estimo. Edagricole ed.
ANPA, Il danno ambientale ex art. 18 L. 349/86 available at http://www.isprambiente.gov.it/
APAT, Il risarcimento del danno ambientale: Aspetti teorici e operativi della valutazione economica. available at http://www.isprambiente.gov.it/
1) Slides provided by teacher
2)D.W. Pearce, R.K. Turner, Economia delle risorse naturali e dell'ambiente, il Mulino Chapters: 1,2,4,5,6,7,8,16(paragrafi da 1 a 5) (out of sale).
Alternatively, Turner R.K., Pearce D.W., Bateman I., Economia ambientale, Il Mulino Chapters 1,2,4,5.
To deepen: T. Tietenberg, Economia dell'ambiente; McGraw-Hill
- Environmental economic appraisal
Malagoli C., Bertoldo M., Estimo territoriale e ambientale. Aspetti di carattere generale. Aracne ed.
Polelli M., Trattato di Estimo. Maggioli ed.
Michieli I., Trattato di Estimo. Edagricole ed.
ANPA, Il danno ambientale ex art. 18 L. 349/86 available at http://www.isprambiente.gov.it/
APAT, Il risarcimento del danno ambientale: Aspetti teorici e operativi della valutazione economica. available at http://www.isprambiente.gov.it/
Assessment methods and Criteria
The exam will be written (a test of environmental economics and a test of environmental economic appraisal).
The tests will be based on open and multiple choice questions. Moreover, for the environmental appraisal test some exercises are included.
Test evaluation is based on the correctness of responses.
The final score, expressed as n/30, is the average of scores obtained in both tests (provided that both are >= 18/30).
Results are published on the Ariel site of teachers
The tests will be based on open and multiple choice questions. Moreover, for the environmental appraisal test some exercises are included.
Test evaluation is based on the correctness of responses.
The final score, expressed as n/30, is the average of scores obtained in both tests (provided that both are >= 18/30).
Results are published on the Ariel site of teachers
AGR/01 - AGRICULTURAL ECONOMICS AND RURAL APPRAISAL - University credits: 8
Lessons: 64 hours
Professors:
Bertoni Danilo, Peri Massimo
Educational website(s)
Professor(s)
Reception:
Contact the teacher by email to arrange an appointment
Department of Environmental Science and Policy (third floor, via Celoria 2)
Reception:
the teacher receives by appointment
ESP (sede di via Celoria,2 - first floor)