I. SUBJECT DESCRIPTION
II. SUBJECT REQUIREMENTS
III. COURSE CURRICULUM
SUBJECT DATA
OBJECTIVES AND LEARNING OUTCOMES
TESTING AND ASSESSMENT OF LEARNING PERFORMANCE
THEMATIC UNITS AND FURTHER DETAILS
Subject name
Environmental Valuation and Risk Analysis
ID (subject code)
BMEGT42M417
Type of subject
contact unit
Course types and lessons
Type
Lessons
Lecture
2
Practice
0
Laboratory
0
Type of assessment
exam grade
Number of credits
3
Subject Coordinator
Name
Csigéné Dr. Nagypál Noémi
Position
senior lecturer
Contact details
csigene.noemi@gtk.bme.hu
Educational organisational unit for the subject
Department of Environmental Economics and Sustainability
Language of the subject
magyar - HU
Curricular role of the subject, recommended number of terms

Programme: Regional and Environmental Economic Studies part-time programme, autumn start

Subject Role: Elective

Recommended semester: 0

Programme: Regional and Environmental Economic Studies part-time programme, spring start

Subject Role: Elective

Recommended semester: 0

Programme: MSc in Environmental Engineering

Subject Role: Compulsory for the specialisation

Recommended semester: 4

Direct prerequisites
Strong
None
Weak
None
Parallel
None
Exclusion
None
Validity of the Subject Description
Approved by the Faculty Board of Faculty of Economic and Social Sciences, Decree No: 580884/8/2023 registration number. Valid from: 29.11.2023.

Objectives

The course aims to provide knowledge about theoretical background and special methods of monetary and alternative valuation of the environment. Introduce the valuation of natural capital and ecosystem services, presenting Hungarian and international experiences. Introduce the stakeholders, areas and methods of environmental risk assessment.

Academic results

Knowledge
  1. The student has an overview of the role of monetary environmental assessment and its possible areas of use.
  2. Knows the individual environmental assessment methods, their theoretical background and the conditions and methods of their application.
  3. Knows the social science aspects of environmental risk management.
Skills
  1. The student is able to recognize the necessity and possibility of applying environmental assessment methods.
  2. The student is able to participate in complex risk management tasks in cooperation with other experts.
Attitude
  1. The student is aware that monetary environmental assessment and environmental risk management require an interdisciplinary approach and also involve ethical issues.
  2. Strives to do his work based on a system-oriented and process-oriented way of thinking, in a complex approach.
  3. Uses a systematic approach in their thinking.
Independence and responsibility
  1. Recognizes the economic-social connections and embeddedness of environmental risks, makes appropriate and responsible professional decisions.
  2. Is aware of the continuous development of environmental assessment methods, and strives to monitor the changes.

Teaching methodology

Lectures, written and oral communication, use of IT tools and techniques.

Materials supporting learning

  • Marjainé Szerényi Zsuzsanna (szerk.): A természetvédelemben alkalmazható közgazdasági értékelési módszerek. Letölthető: http://www.termeszetvedelem.hu/_user/downloads/publikaciok/Marjaine-Termeszetvedelmi%20kozgazd%20modszerek.pdf
  • https://www.ecosystemvaluation.org/
  • Defra, Granfield University: Guidelines for Environmental Risk Assessment and Management, letölthető: http://www.defra.gov.uk/publications/2011/11/07/green-leaves-iii-pb13670

General Rules

The learning outcomes stated in point 2.2. are evaluated based on the performance shown in the written summative performance evaluations.

Performance assessment methods

Performance evaluation during the study period: two mid-term exams and a presentation. Performance evaluations during the exam period: exam in case of the student rejecting the offered grade.

Percentage of performance assessments, conducted during the study period, within the rating

  • summative assessment - 1st mid-term exam: 33
  • summative assessment - 2nd mid-term exam: 33
  • Presentation: 34
  • Total: 100

Percentage of exam elements within the rating

  • Presentation: 34
  • Exam: 66
  • total: 100

Conditions for obtaining a signature, validity of the signature

The condition for obtaining the signature is the completion of the two summative assessments with at least a "Pass" rating. The signature is valid according to the provisions of the CoS.

Issuing grades

%
Excellent 92-100
Very good 85-91
Good 70-84
Satisfactory 55-69
Pass 40-54
Fail 0-39

Retake and late completion

1) Pursuant to the current CoS, each summative assessment can be retaken, repeated or completed late. 2) The summative assessments can be retaken, repeated or completed late for the first time during the late completion period free of charge. In the event of a correction, the new result always overwrites the old one. 3) If the student is unable to obtain a grade other than 'Fail' even with the retake, repeat and late completion possibilities according to point 1), they may make a second attempt to successfully complete the course after paying the fee specified in the regulations.

Coursework required for the completion of the subject

Nature of work Number of sessions per term
participation in contact lessons 28
preparation for presentation 29
preparation for summative assessments, exam 33
total 90

Approval and validity of subject requirements

Consulted with the Faculty Student Representative Committee, approved by the Vice Dean for Education, valid from: 06.11.2023.

Topics covered during the term

In order to achieve the learning outcomes set out at point 2.2, the subject consists of the following thematic blocks. In the syllabi of the courses announced in each semester, these topics are scheduled according to the calendar and other conditions.

Lecture topics
1. Introduction. Evaluation methods, shortcomings of traditional methods. Advantages and criticism of monetary evaluation, areas of use.
2. Natural capital and ecosystem services, assessment at the global level.
3. Reasons for a special approach to evaluation, free goods, externalities, social discount rate.
4. WTP and WTA. Comparison of cost-benefit analysis and cost-effectiveness analysis.
5. Grouping of environmental assessment methods, cost-based methods.
6. Expressed preference methods, the travel cost method.
7. The hedonic price method and the hedonic wage method. Advantages and limitations of declared preference methods.
8. Revealed preference methods. The steps of creating a questionnaire. Experiences and case studies of directly revealed preference methods and their application.
9. Indirectly revealed preference methods. Transfer of benefits, citizen's council.
10. Similarities of environmental assessment and risk management, types of risk.
11. Environmental risk management approaches and corporate application.

Additional lecturers

Name Position Contact details

Approval and validity of subject requirements