ECON4910 - Environmental Economics
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Course content
Main content:
• Welfare economic treatment of environmental issues
• Theories of environmental policy instruments
• International aspects of environmental issues
Learning outcomes
Knowledge outcomes
The course gives a systematic analysis of environmental issues using microeconomic theory. The topics covered include elements of welfare economics, theories of environmental policy instruments, valuation of environmental goods, dynamic aspects of environmental issues, and international aspects of environmental issues. You will be given a thorough introduction to analyses of environmental policy instruments, with particular emphasis on situations with uncertainty and/or asymmetric information and on situations with other market failures. The international dimension of environmental economics covers both the case in which the environmental problem itself is international and the case in which there may be other reasons for international co-ordination of environmental policies. The climate problem will be given particular emphasis.
Skills
Taking the course should give you a good knowledge and a good overview over key concepts in environmental economics and the economic issues related to a large range of environmental problems. You should have a good understanding of the basic theory of environmental economics. You should be able to read and present articles in the topics covered in the course. You should also be able to perform analytical studies of specific environmental problems using models that "tailor-made" for the problem at hand.
Admission
Students at UiO must apply for courses in StudentWeb.
International applicants, if you are not already enrolled as a student at UiO, please see our information about admission requirements and procedures for international applicants.
The examination in this course is not available for external candidates. Only students admitted to the course may sit for the examination.
Prerequisites
Formal prerequisites
Bachelor's degree in Economics, or equivalent.
Recommended prior knowledge
Students should have good prior skills in basic microeconomic theory and non-cooperative game theory. Familiarity with dynamic optimization methods, for example through ECON4140 - Mathematics 3: Differential equations, static and dynamic optimization / ECON4145 - Mathematics 3: Differential equations, static and dynamic optimization, is an advantage. Students not familiar with dynamic optimization methods must be prepared to put in extra effort on certain topics.
Overlap
10 credits against Miljøøkonomi. 10 credits against Miljøøkonomi, 3. avd. samfunnsøkonomi. 10 credits against Miljøøkonomi, 3. avd. sosialøkonomi.
Teaching
Lectures: 2 hours per week throughout the semester.
Seminars: 2 hours per week through parts of the semester.
There might occur weeks exempt from teaching.
Exam information
A 3-hour written exam.
Exam resources
No special exam resources are allowed.
Language of examination
The problem set will be given in English. Answers can be given in Norwegian, Swedish, Danish or in English. See § 6.4 i Forskrift om studier og eksamener ved Universitetet i Oslo .
Assessment and grading
Course grades are awarded on a descending scale using alphabetic grades from A to E for passes and F for fail. Read more about the grading system .
An external auditor regularly evaluates the academic quality of the course, including the form of exam used on the course.
Explanations and appeals
Students can request an explanation of their grades, and can also appeal against their grades or make a complaint about formal examination errors. Read more about explanations and appeals
Possibility of make-up exams and re-takes
The Department of Economics has passed following resolution for ECON-courses: It will no longer be possible for candidates to register for an exam in a lower level course after having passed exams in intermediate and advanced level courses in the same subject area (also where there are no pre-requisites that apply to the intermediate course). Further information can be found here.
Students who might wish to retake the exam later, are not guaranteed that the course is ever repeated with a similar reading list, nor that the exam arrangement will be the same.
You can usually resit an exam, but the conditions depend on whether you had a valid reason for absence from the regular exam. Read more about resitting an exam .
Withdrawing from exams and limits on re-takes
A student can sit for this exam up to 3 times. If a student wishes to withdraw from the exam, s/he must do this in StudentWeb at least two weeks prior to the first day of the exam. Failure to do so will be counted as one of the three opportunities to sit for the exam.
Exam options for students with special needs
Students may apply for access to alternative exam resources or exam forms on the basis of chronic illness and/or special needs that create a marked disadvantage to other students in the exam situation. Mothers who are breastfeeding may apply for extra time to complete the exam.
Contact us
Department of Economics
Visiting address:
Moltke Moes vei 31, Eilert Sundts house, 12th floor
Visiting hours:
10.15-11.00 and 12.15-15.00
Postal address:
P.O box 1095 Blindern
0317 Oslo
Fax: +47 22855035
E-mail: post@econ.uio.no
Web: http://www.sv.uio.no/econ/english/