Description |
Valuation of environmental goods for which markets do not naturally provide a price remains a major challenge environmental policy making. This course is an introduction to the econometric methods of non-market valuation in environmental economics, including cost-benefit analysis. As such it will cover the economic theory background, the statistical building blocks, and practical implementation of the methods involved.
In order to evaluate competing sustainable development policies, policymakers mustbe able to monetarize environmental goods for which there are no markets and hence no explicit prices. This course provides these tools. This event will address various issues of social and economic sustainability. In particular, it will be discussed whether the current technological change increases inequality and leads to a stronger polarization on the labor market.
Main Literature:
Main Texts:
Haab, T. and McConnell, K. (2002). Valuing Environmental and Natural Resources, Edward Elgar Publishing.
Carson, R. and Hanemann, W. (2005). “Contingent Valuation” (Chapter 17), Handbook of Environmental Economics, Volume 2, Elsevier.
Arrow et al (1993). Report of the NOAA Panel on Contingent Valuation.
Brent, Robert J. Advanced Introduction to Cost–Benefit Analysis. Edward Elgar Publishing, 2017.
Lectures: Monday, 9:15h - 11:00h, A222 UniS; 12:15h - 14:00h, A 222 UniS
Please note, that on November 11, 2019, the lecture will take place from 9:15 - 13:00h in room A 222 UniS
Course evaluation: (i) examination, (ii) data project, and (iii) questionnaire, takehome exam
submission takehome exam until Friday, December 31, 2019, 23.55 h
please register in KSL
This course can also be attended by master students in Climate Sciences. |