| School/Faculty/Institute | Faculty of Economics, Administrative and Social Sciences | ||||
| Course Code | ECON 435 | ||||
| Course Title in English | Enviromental Economics and Sustainability | ||||
| Course Title in Turkish | Çevre Ekonomisi ve Sürdürülebilirlik | ||||
| Language of Instruction | EN | ||||
| Type of Course | Flipped Classroom | ||||
| Level of Course | Advanced | ||||
| Semester | Spring | ||||
| Contact Hours per Week |
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| Estimated Student Workload | 134 hours per semester | ||||
| Number of Credits | 5 ECTS | ||||
| Grading Mode | Standard Letter Grade | ||||
| Pre-requisites |
ECON 101 - Microeconomics | ECON 112 - Economics for Engineering |
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| Co-requisites | None | ||||
| Expected Prior Knowledge | None | ||||
| Registration Restrictions | Only Undergraduate Students | ||||
| Overall Educational Objective | To learn the basic principles of environmental economics and the relationship between economics and sustainability. | ||||
| Course Description | This course introduces the relationship between environment and economy, cost-benefit analysis, valuation of environmental problems, sustainable development and resource allocation, international trade and agreements, energy, land allocation and agriculture, pollution control and policies. |
Course Learning Outcomes and CompetencesUpon successful completion of the course, the learner is expected to be able to:1) Define environmental problems, understand the relationship between environment and economics and the role of government in environmental policies 2) Define, calculate, and explain benefit and cost analysis and valuation concepts and methods for the environmental problems 3) Understand the concepts of sustainable development and resource allocation, describe and discuss international trade and agreements on environment, the factors that influence sustainable energy, land allocation and agriculture 4) Understand and discuss the debates on climate change and population. |
| Program Learning Outcomes/Course Learning Outcomes | 1 | 2 | 3 | 4 |
|---|---|---|---|---|
| 1) Has a broad understanding of economics with a deep exposure to other social sciences and mathematics. | ||||
| 2) Demonstrates knowledge and skills in understanding the interactions of different areas of economics. | ||||
| 3) Displays a sound comprehension of microeconomic and macroeconomic theory. | ||||
| 4) Applies economic concepts to solve complex problems and enhance decision-making capability. | ||||
| 5) Uses quantitative techniques to analyze different economic systems. | ||||
| 6) Applies theoretical knowledge to analyze issues regarding Turkish and global economies. | ||||
| 7) Demonstrates proficiency in statistical tools and mainstream software programs to process and evaluate economic data. | ||||
| 8) Behaves according to scientific and ethical values at all stages of economic analysis: data collection, interpretation and dissemination of findings. | ||||
| 9) Uses written and spoken English effectively (at least CEFR B2 level) to exchange scientific information. | ||||
| 10) Exhibits individual and professional ethical behavior and social responsibility. | ||||
| 11) Displays learning skills necessary for further study with a high degree of autonomy |
| N None | S Supportive | H Highly Related |
| Program Outcomes and Competences | Level | Assessed by | |
| 1) | Has a broad understanding of economics with a deep exposure to other social sciences and mathematics. | S | Participation |
| 2) | Demonstrates knowledge and skills in understanding the interactions of different areas of economics. | H | Exam |
| 3) | Displays a sound comprehension of microeconomic and macroeconomic theory. | S | Participation |
| 4) | Applies economic concepts to solve complex problems and enhance decision-making capability. | H | Exam |
| 5) | Uses quantitative techniques to analyze different economic systems. | N | |
| 6) | Applies theoretical knowledge to analyze issues regarding Turkish and global economies. | S | Exam |
| 7) | Demonstrates proficiency in statistical tools and mainstream software programs to process and evaluate economic data. | N | |
| 8) | Behaves according to scientific and ethical values at all stages of economic analysis: data collection, interpretation and dissemination of findings. | N | |
| 9) | Uses written and spoken English effectively (at least CEFR B2 level) to exchange scientific information. | S | Presentation |
| 10) | Exhibits individual and professional ethical behavior and social responsibility. | S | Participation |
| 11) | Displays learning skills necessary for further study with a high degree of autonomy | N |
| Prepared by and Date | MERVE HAMZAOGLU , December 2023 |
| Course Coordinator | MUHAMMED ABDULLAH ALTUNDAL |
| Semester | Spring |
| Name of Instructor | Asst. Prof. Dr. MERVE HAMZAOGLU |
| Week | Subject |
| 1) | Course Introduction, Basic Principles of Environmental Economics Introduction to Economic Approach in Environmental Problems |
| 2) | The Economic Approach to the Environment Problems i. Property Rights ii. Externalities iii. Public Good |
| 3) | Benefit Cost Analysis i. Normative criteria for decision making ii. Divergence of social and private discount rates iii. Cost effectiveness |
| 4) | Valuation of the Environment i. Valuation (i.e. types of values) ii. Examples |
| 5) | Dynamic Efficiency Solutions for Environmental Problems i. Two-period model ii. Intertemporal fairness iii. Environmental policy |
| 6) | Sustainable Development and Resource Allocation i. Sustainability of development ii. Transition to a renewable substitute iii. Market allocations of depletable resources iv. Examples |
| 7) | International Trade and Agreements i. Emission Trade and Kyoto Protocol ii. Efficiency and sustainability |
| 8) | Review |
| 9) | Energy and Sustainability i. Natural gas: price control ii. Oil: cartel problem iii. Energy efficiency |
| 10) | Land Allocation i. Economics of land allocation ii. Sources of inefficiency iii. Policy |
| 11) | Agriculture and Food Security i. Global scarcity ii. Agricultural policies iii. Distribution of food resources |
| 12) | Pollution Control and Policy Applications i. Efficient allocation of pollution ii. Market allocation of pollution iii. Policy dimensions iv. Future of the Environment |
| 13) | Future of the Environment And Presentations on Population and Climate Change) |
| 14) | Review |
| 15) | Final Examination Period |
| 16) | Final Examination Period |
| Required/Recommended Readings | Required Reading: Principles of Environmental & Natural Resource Economics, T. Tietenberg and L. Lewis, 9th Edition ISBN-10:0131392573 ISBN-13: 978013139257 | |||||||||||||||||||||
| Teaching Methods | Flipped classroom | |||||||||||||||||||||
| Homework and Projects | One project | |||||||||||||||||||||
| Laboratory Work | None | |||||||||||||||||||||
| Computer Use | None | |||||||||||||||||||||
| Other Activities | None | |||||||||||||||||||||
| Assessment Methods |
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| Course Administration |
hamzaoglum@mef.edu.tr N. Merve Hamzaoğlu –hamzaoglum@mef.edu.tr More detailed information about the course, like office hours, can be found in the blackboard. Attendance is required. Academic Dishonesty and Plagiarism: YOK Regulation |
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| Activity | No/Weeks | Hours | Calculation | ||||
| No/Weeks per Semester | Preparing for the Activity | Spent in the Activity Itself | Completing the Activity Requirements | ||||
| Course Hours | 14 | 2 | 3 | 1 | 84 | ||
| Presentations / Seminar | 1 | 10 | 10 | ||||
| Homework Assignments | 14 | 1 | 14 | ||||
| Midterm(s) | 1 | 8 | 2 | 10 | |||
| Final Examination | 1 | 14 | 2 | 16 | |||
| Total Workload | 134 | ||||||
| Total Workload/25 | 5.4 | ||||||
| ECTS | 5 | ||||||