PředmětyPředměty(verze: 901)
Předmět, akademický rok 2021/2022
Environmental Economics - JEM115
Anglický název: Environmental Economics
Český název: Environmental Economics
Zajišťuje: Institut ekonomických studií (23-IES)
Fakulta: Fakulta sociálních věd
Platnost: od 2021 do 2022
Semestr: letní
E-Kredity: 5
Způsob provedení zkoušky: letní s.:
Rozsah, examinace: letní s.:2/0 Zk [hodiny/týden]
Počet míst: neurčen / neurčen (60)
Minimální obsazenost: neomezen
Virtuální mobilita / počet míst: ne
Stav předmětu: vyučován
Jazyk výuky: angličtina
Způsob výuky: prezenční
Je zajišťováno předmětem: JEM218
Další informace: http://dl1.cuni.cz/enrol/index.php?id=1434
Poznámka: předmět je možno zapsat mimo plán
povolen pro zápis po webu
při zápisu přednost, je-li ve stud. plánu
Garant: Mgr. Milan Ščasný, Ph.D.
Vyučující: Diana Kmeťková, M.Sc.
Mgr. Vědunka Kopečná, Ph.D.
Mgr. Milan Ščasný, Ph.D.
Třída: Courses not for incoming students
Neslučitelnost : JEM218
Je neslučitelnost pro: JEM218
Poslední úprava: 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.
Literatura -
Poslední úprava: Diana Kmeťková, M.Sc. (16.02.2022)

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)

–       Chapter 3 Distribution-Free Models for Contingent Valuation, Chapters 3.2, 3.4, 3.6 (pp. 59-83)

 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 couples)

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


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

Požadavky ke zkoušce -
Poslední úprava: Diana Kmeťková, M.Sc. (27.05.2022)

(1) Final test (35 points)

(2) Interim tests (4 x 7.5 = 30 points)

(3) Group-reading and presenting a paper  (15 points) a group of 2 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 at the lecture.

(4) Assignments (20 points) two best out of three home assignments on statistical decomposition, welfare calculation, stated preferences.

Maximum points: 100



91 and more           A

81 to 90                 B

71 to 80                 C

61 to 70                 D

51 to 60                 E

50 and less             Failed



Sylabus -
Poslední úprava: Diana Kmeťková, M.Sc. (21.03.2022)



Dr. Milan Ščasnýmilan.scasny@czp.cuni.cz; Charles University, Environment Center (José Martího 2/407, Prague 6) & Institute of Economic Studies, Fac Soc Sci

Teaching Assistants:

Vědunka Kopečná, PhD candidate[lectures 1-2, partly 6.i], Vedunka.Kopecna@fsv.cuni.cz

Diana Kmeťková, PhD candidate, diana.kmetkova@fsv.cuni.cz


Structure of the course

1.            Intro to the Course. Circular economy, Sustainability [Scasny]


2.            Ex post Modelling of Economic-Envi Relationship: Decompositions [Kopečná/Ščasný]

Decomposition analysis – Index Decomposition, LMDI, interpretation, Sectoral Decomposition Approach

Articles: Wang-Pan-Ang-Zhou 2021; Stern 2002


3.            Ex post Modelling of Economic-Envi Relationship: Environmental Kuznets Curve [Kopečná]

EKC hypothesis, theoretical underpinings, shortcomings, econometrics

Articles: Carlson 2010

4.            Regulataion [Ščasný/Máca]

Why to regulate market? External cost: definition, optimum, quantification

Market-based Instruments: taxes, emission trading (Vojtech Máca)

5.            Regulatory Impact Analysis: Ex ante IA /I [Ščasný/Veruette]

How to assess the impacts? Review of modelling approaches; Input-Output Analysis, EE-MRIO (Inaki Veruete)

6.            Regulatory Impact Analysis: Ex ante IA /II [Ščasný/Kopečná]

Partial-equilibrium, General-Equilibrium, and Macro-econometric models; Energy System Modelling

7.            Climate Change Economics [Ščasný]

Damage due to Air Quality vs. Climate Change;

Social Cost of Carbon; Integrated Assessment Models & Optimal growth models

8.            Climate Change Economics II [Ščasný]

Quantification of SCC by Integrated Assessment Models; Social Discount Rate, Equity

9.            Welfare measurement: [Ščasný]

Consumer demand theory: Marshallian vs. vs Hicksian demand; Welfare Measures (Consumer Surplus, EV/CV)

Revealed preferences: Hedonic pricing (theory, hedonic price function, implicit price, econometric issues); Travel Cost Model (recreation demand, model typology, zonal vs. individual TCM, RUM; data and econometric issues

10.         Stated preferences [Ščasný]

Theoretical validity; WTA vs. WTP; Incentive compatibility, elicitation formats; Random Utility Model; Non-parametric and parametric estimation of discrete choice data

Articles: Haab & McConnell


11.         Discrete choice experiments [Ščasný]

Designing the experiment: choice task, alternatives, attributes, their levels; experimental designs

12.         Discrete choice experiments: Modelling [Ščasný]

Econometric modelling and preference heterogeneity (CL, MXL, Latent Class Logit, Hybrid Choice models)

Articles: tba


13.         Valuation of health risk [Ščasný]

(i) Morbidity: household production function, Cost-Of-Illness, WTP

(ii) Premature mortality: QALY; LE; Value of a Statistical Life; VOLY

Visit Moodle at https://dl1.cuni.cz/enrol/index.php?id=1434#section-0.

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