Aims

This is an intermediate level course in which students familiarize with the concepts and methods of ecological, environmental and natural resources economics and with the international dimension of environmental economics (with a focus on trade, climate change, ….). Students explore how economics can help us understand the causes of a series of important environmental problems (water and soil pollution, biodiversity loss, air pollution) and can derive policy implications for environmental protection. Students know how to do a project appraisal. They can assess projects using a cost-benefit analysis and can apply a cost-benefit analysis to the environment. They know some alternatives to cost-benefit analysis. Students can value the environment using stated preference methods (choice experiments and contingent valuation methods) and revealed preference methods (travel cost method, hedonic pricing method).

Previous knowledge

Students have an intermediate knowledge of economics. Students have had at least an intermediate course in economics (e.g. Bioeconomics).

Identical courses

This course is identical to the following courses:
I0I58A : Economie van de natuurlijke hulpbronnen en het milieu

Is included in these courses of study

• Master of Geography (Programme for students started before 2021-2022) (Leuven et al) 120 ects.
• Courses for Exchange Students Faculty of Bioscience Engineering (Leuven)
• Master of Bioscience Engineering: Agro- and Ecosystems Engineering (Leuven) 120 ects.
• Master of Geography (Programme for students started in 2021-2022 or later) (Leuven et al) 120 ects.