PředmětyPředměty(verze: 944)
Předmět, akademický rok 2022/2023
   Přihlásit přes CAS
Environmental Economics - JEM218
Anglický název: Environmental Economics
Český název: Environmental Economics
Zajišťuje: Institut ekonomických studií (23-IES)
Fakulta: Fakulta sociálních věd
Platnost: od 2021
Semestr: letní
E-Kredity: 6
Způsob provedení zkoušky: letní s.:kombinovaná
Rozsah, examinace: letní s.:2/0, Zk [HT]
Počet míst: neomezen / neurčen (59)
Minimální obsazenost: neomezen
4EU+: ne
Virtuální mobilita / počet míst pro virtuální mobilitu: ne
Stav předmětu: vyučován
Jazyk výuky: angličtina
Způsob výuky: prezenční
Způsob výuky: prezenční
Další informace: http://dl1.cuni.cz/course/category.php?id=59 IGNORE INFORMATION ON THIS PAGE. GO TO MOODLE !
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 for incoming students
Neslučitelnost : JEM115
Je neslučitelnost pro: JEM115
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. (16.02.2023)

(1) Final test (60 points)

(2) Group-reading and presenting a paper  (20 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.

(3) Assignments (20 points) two home assignments on topics such as 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. (07.03.2023)



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:

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


Structure of the course

1. Intro to the Course & Welfare measurement

Consumer demand theory: Marshallian vs Hicksian demand; Welfare Measures

February 16

2. Revealed preferences

Hedonic pricing (theory, hedonic price function, implicit price, econometrics)

Travel Cost Model (recreation demand, model typology, zonal vs. individual TCM, RUM; data and econometric issues)

February 23

3. Ex post Modeling of Economic-Envi Relationship: Decompositions & Environmental Kuznets Curve [Ščasný/Kmetkova]

Decomposition analysis – Index Decomposition, LMDI, interpretation 

EKC hypothesis, theoretical underpinnings, shortcomings, econometrics 

March 2

4. Stated preferences

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

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

March 9

5. Discrete choice experiments

Econometric modeling & preference heterogeneity (CL, MXL, Latent Class Logit, Hybrid Choice models)

Articles to be presented by the students

March 16

6.  Health risk valuation 

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

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

(iii) Health Impact Assessment, Environmental & Health Externalities

March 23

7.  Climate Change Economics

Social Cost of Carbon; Integrated Assessment Models; Social Discount Rate; Equity

Articles to be presented by the students

March 30

April 13

Dean’s break (Easter holidays)

April 6

8.  Environmental Regulation

Why regulate the market? External costs: definition, optimum 

Market-based Instruments: taxes, emission trading

April 20


9. European Green Deal, Fit for 55 [Ščasný/Máca]

European legislation; How to model the impacts of EGD and Fit for 55

April 27

10. Regulatory Impact Analysis [Ščasný/Rečka]

What modeling approaches we can use: Energy System Modelling; Input-Output analysis; Environmentally-extended IOA; Partial-equilibrium, General-Equilibrium; Macro-econometric; Integrated Assessment Models – pros and cons

May 4

May 11



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