Economics of Climate Change

Relations:

It is not possible to register for the course G63E0201 if the student is concurrently registered for or has previously completed the course 32ME-P-ECCH-01 (mutually exclusive courses).

The requirement for course G63E0201 can be fulfilled by substitution with the course 32ME-P-ECCH-01.

Course guarantor:

Lecturer:

Tutor:

Supervisor:

Institute of Economic Studies

Synopsis:

Requirements:

Syllabus of lectures:

Introduction to environmental economics: the concept of externalities, different types of capital, environmental criticism of mainstream economics, various visions of sustainability (3 w)

Internalizing externalities: non-market- and market-based regulation (environmental taxes, pollution permits, command-and-control), addressing lock-ins (subsidies, infrastructure investments), softer tools of incentivization, data collection (multidimensional indicators, value estimates, environmental accounting), competitiveness (Porter hypothesis) (6 w)

Business level tools: marginal abatement cost curve, green accounting, climate neutrality, circular economy flows, integrating sustainability into long-term strategic plans, good practice (4 w)

Syllabus of tutorials:

Application of the concepts introduced in lectures: case studies, empirical analyses, externalities estimates, indicator studies. Discussion based on readings, identifying pros and cons of different approaches.

Study Objective:

Upon successful completion the students will be able to

Understand basic concepts of environmental economics and identify key market failures

Differentiate between various tools of environmental regulation

Assess the potential for sustainable operations for a specific firm

Critically analyse current practice in various countries

Study materials:

Note:

Further information:

No time-table has been prepared for this course

The course is a part of the following study plans:

• N-PRI-CP prezenční navazující studium od 20/21 Financial Management (compulsory elective course)
• N-PRI-CP prezenční navazující studium od 21/22 Financial Management (compulsory elective course)
• N-PRI-CP prezenční navazující studium od 21/22 Regional Studies (compulsory elective course)
• N-PRI-CP prezenční navazující studium od 21/22 Process Management (compulsory elective course)
• N-PRI-CP prezenční navazující studium od 21/22 Project Management (compulsory elective course)
• IPM Compulsory Courses (compulsory elective course)
• Process Management, prezenční - 22/23 (compulsory elective course)
• Financial management, AR 22/23, prezenční forma (compulsory elective course)
• Regional Studies, prezenční forma, AR 22/23 (compulsory elective course)
• Project management, prezenční forma, AR 2022/2023 (compulsory elective course)