Last update: PhDr. Petr Bednařík, Ph.D. (15.02.2020)
The course features a series of lectures on environmental economics, partly covering also energy economics, health economics and welfare measurement, all linked to environmental problems. The course provides students with the framework to understand the theory and methods of environmental economics, consumer behaviour and non-market valuation in particular.
Literature -
Last update: Diana Kmeťková, M.Sc. (22.02.2024)
Freeman III, AM, Herriges, JA, Kling, CL (2014), The Measurement of Environmental and Resource Values. Theory and Methods. Third Edition, Resource For Future & Taylor & Francis.
– Read Chapter 3: Welfare Measures (pp. 40-80)
Parsons, G. R. (2003): The Travel Cost Method. In Champ, P. A., Boyle, K. J., Brown, T. C., (eds.) A Primer on Nonmarket Valuation. London: Kluwer Academic Publishers. ISBN 0-7923-6498-8.
Haab, T., McConnell, K. E. (2002), Valuing Environmental and Natural Resources: the econometrics of non-market valuation. Edward Elgar: Cheltenham. ISBN: 1-84376-388-5.
– Chapter 2.2.1 Parametric Models for Dichotomous Choice Questions – The RUM (pp. 24-49)
OECD (2001), Environmentally Related Taxes in OECD Countries: Issue and Strategies, Paris, pp. 21-31.
– Chapter 1 A Brief Theory of Envi Related Taxation, pp. 21-31.
OECD (2001), Domestic Transferable Permits for Environmental Management. Design and Implementation.Paris,
– Chapter 1 Origins, Aims and Approaches, pp. 11-21.
Articles to read and present by students (in groups of three or four) - tba
Climate Change Economics
Nordhaus W (2017 PNAS) Revisiting the social cost of carbon, PNAS 114/7: 1518–1523.
Pindyck RS (2017) The Use and Misuse of Models for Climate Policy, Review of Environmental Economics and Policy, volume 11, issue 1, Winter 2017, pp. 100–114 doi:10.1093/reep/rew012
Tol RS (2018) The Economic Impacts of Climate Change, Review of Environmental Economics and Policy, volume 12, issue 1, Winter 2018, pp. 4–25 doi: 10.1093/reep/rex027
DCE
Hess, S., Train, K. (2017), Correlation and scale in mixed logit models, Journal of Choice Modelling 23:1–8.
Hole, AR, Kolstad, JR (2012), Mixed logit estimation of willingness to pay distributions: a comparison of models in preference and WTP space using data from a health-related choice experiment, Empir Econ 42:445–469.
Torres, C., Hanley, N., Riera, A. (2011), How wrong can you be? Implications of incorrect utility function specification for welfare measurement in choice experiments, Journal of Environmental Economics and Management 62(1): 111-121.
Last update: Diana Kmeťková, M.Sc. (22.02.2024)
Freeman III, AM, Herriges, JA, Kling, CL (2014), The Measurement of Environmental and Resource Values. Theory and Methods. Third Edition, Resource For Future & Taylor & Francis.
– Read Chapter 3: Welfare Measures (pp. 40-80)
Parsons, G. R. (2003): The Travel Cost Method. In Champ, P. A., Boyle, K. J., Brown, T. C., (eds.) A Primer on Nonmarket Valuation. London: Kluwer Academic Publishers. ISBN 0-7923-6498-8.
Haab, T., McConnell, K. E. (2002), Valuing Environmental and Natural Resources: the econometrics of non-market valuation. Edward Elgar: Cheltenham. ISBN: 1-84376-388-5.
– Chapter 2.2.1 Parametric Models for Dichotomous Choice Questions – The RUM (pp. 24-49)
OECD (2001), Environmentally Related Taxes in OECD Countries: Issue and Strategies, Paris, pp. 21-31.
– Chapter 1 A Brief Theory of Envi Related Taxation, pp. 21-31.
OECD (2001), Domestic Transferable Permits for Environmental Management. Design and Implementation.Paris,
– Chapter 1 Origins, Aims and Approaches, pp. 11-21.
Articles to read and present by students (in groups of three or four) - tba
Climate Change Economics
Nordhaus W (2017 PNAS) Revisiting the social cost of carbon, PNAS 114/7: 1518–1523.
Pindyck RS (2017) The Use and Misuse of Models for Climate Policy, Review of Environmental Economics and Policy, volume 11, issue 1, Winter 2017, pp. 100–114 doi:10.1093/reep/rew012
Tol RS (2018) The Economic Impacts of Climate Change, Review of Environmental Economics and Policy, volume 12, issue 1, Winter 2018, pp. 4–25 doi: 10.1093/reep/rex027
DCE
Hess, S., Train, K. (2017), Correlation and scale in mixed logit models, Journal of Choice Modelling 23:1–8.
Hole, AR, Kolstad, JR (2012), Mixed logit estimation of willingness to pay distributions: a comparison of models in preference and WTP space using data from a health-related choice experiment, Empir Econ 42:445–469.
Torres, C., Hanley, N., Riera, A. (2011), How wrong can you be? Implications of incorrect utility function specification for welfare measurement in choice experiments, Journal of Environmental Economics and Management 62(1): 111-121
Requirements to the exam -
Last update: Diana Kmeťková, M.Sc. (22.02.2024)
(1) Final test (60 points)
(2) Group-reading and presenting a paper (20 points) a group of 3-4 students will read one paper that will be provided to you at least 10 days before the lecture. You will have to summarize the key message of the paper within max 10 minutes during the lecture.
(3) Assignments (20 points) two home assignments on topics such as statistical decomposition, welfare calculation, stated preferences.
Maximum points: 100
Grading:
91 and more A
81 to 90 B
71 to 80 C
61 to 70 D
51 to 60 E
50 and less Failed
ECTS: 6
Last update: Diana Kmeťková, M.Sc. (22.02.2024)
(1) Final test (60 points)
(2) Group-reading and presenting a paper (20 points) a group of 3-4 students will read one paper that will be provided to you at least 10 days before the lecture. You will have to summarize the key message of the paper within max 10 minutes during the lecture.
(3) Assignments (20 points) two home assignments on topics such as statistical decomposition, welfare calculation, stated preferences.
Maximum points: 100
Grading:
91 and more A
81 to 90 B
71 to 80 C
61 to 70 D
51 to 60 E
50 and less Failed
ECTS: 6
Syllabus -
Last update: Diana Kmeťková, M.Sc. (22.02.2024)
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
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
