Università degli Studi di Napoli "Parthenope"

Teaching schedule

Academic year: 
2017/2018
Belonging course: 
Course of Master's Degree Programme on QUANTITATIVE METHODS FOR ECONOMIC AND FINANCIAL EVALUATIONS
Disciplinary sector: 
ECONOMIC POLICY (SECS-P/02)
Language: 
Italian
Credits: 
6
Year of study: 
2
Teachers: 
Cycle: 
Second semester
Hours of front activity: 
48

Language

Italian

Course description

The aim of the course is to provide the students with the basic theoretical elements and methods to analyze the complex relationship between the economic system, development and with particular reference to environmental resources. Particular attention is paid to the methods of economic evaluation of the natural resources useful to place environmental issues in the analysis of the functioning of the economic system and the economic policy instruments implemented by the institutions for sustainable resource management.

Prerequisites

For an adequate understanding of the contents of the course, it is necessary to acquire and assimilate the knowledge of the fundamental concepts of microeconomics and macroeconomics. This is basically covered by the first-level courses offered by the university Parthenope in the economic area. For students coming from different first-level degree programs, an integration including a relevant bibliographic reference will be provided

Syllabus

I Module - Economy, environment and development
Economic systems and environment: closed system and open system (2 hours). Interaction between environmental aspects and economic activities (2 hours). Sustainability of Growth in Economic Theory (4 hours). Sustainable development: weak and strong sustainability (4 hours).
II Module - Resource Management
Natural resources (2 hours). Private costs and social costs (2 hours). Market failures (2 hours). Public goods and free riding (2 hours). Negative externality (2 hours). Resource allocation issues (2 hours).
III Module - Externality Control: Policies
Command and control tools (standards and technical standards) (4 hours). Economic instruments (taxes and subsidies, property rights) (6 hours). Voluntary and preventive tools (eco-label, negotiable permits) (2 hours).
IV Module - Economic value of environmental resources
Characteristics and economic value of environmental resources (2 hours). Availability to pay and availability to accept compensation (2 hours). Evaluation methods: direct methods (express preferences), indirect methods (revealed preferences) (8 hours).

Teaching Methods

The course is conducted through frontal lessons during which the topics of the program will be analyzed. During the lessons, students are discussing seminars on specific cases of policy interventions and business strategies.

Textbooks

Endres Alfred (2010) Environmental Economics Theory and Policy, Cambridge University Press (selezione di capitoli).
- Additional readings will be provided during lessons and made available on the Moodle e-learning platform

Learning assessment

The objective of the exam is to assess the level of achievement of the objectives. The exam consists of a structured written test with open, argumentative and analytical questions aimed at assessing the degree of in-depth general theoretical knowledge. Students will have to answer the questions by showing the ability to expose the technical contents, definitions, and basic concepts acquired with their study appropriately in terminology, and to know graphically the main macroeconomic and microeconomic models presented during the course. The written test consists of 6 questions. To each question is attributed a maximum of 6 points for a total of 36. Extra points above 30 indicate the possibility of laude that will be assigned to the student capable of demonstrating in his/her questions a critical processing capacity of acquired knowledge and have proceeded with an in-depth analysis of the issues dealt with outside the reference texts. The duration of the written test is 2 hours. There is also a possibility of oral examination, which can be compulsory, that is required by the teacher for the case of written tests with the result of the sufficiency limit (between 15/30 and 17/30); and optional, required by the student who intends to integrate the result obtained in the written test. The two parties have equal weight in the final vote.

More information

Expected learning outcomes
Knowledge and understanding: the student should demonstrate the understanding of the economic issues related to the management of environmental resources; he should also show to know the main methods of assessing natural resources, which are the basis of economic policy interventions aimed at ensuring efficient allocation of resources.
Applying knowledge and understanding: the student should demonstrate that he has understood the acquired theoretical knowledge. He should reveal the ability to combine the theoretical knowledge with operational skills, both in the interpretation of specific environmental policy interventions by the deputy institutions and in the understanding of the resources management tools implemented internationally and nationally.
Making Judgments: the student should show that they are able to independently assess the issues surrounding the management of environmental resources and indicate the main policy strategies for market regulation in order to achieve optimal allocation of resources between different uses.
Communication: The student should reveal the ability to use the economic terminology in order to discuss on the topics of the written exam questions envisaged for the final exam as well as to present the seminar discussions that will take place during the lessons.
Lifelong learning skills: the student should acquire a learning ability to make him able to obtain updates through the consultation of scientific texts and publications relating to the issues related to the management of environmental resources in the functioning of the economic system, which are applicable to subsequent studies in the following post-university course.