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 Economics
ID (subject code)
BMEGT42A011
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
Dr. Bartus Gábor
Position
Senior Lecturer
Contact details
bartus.gabor@gtk.bme.hu
Educational organisational unit for the subject
Department of Environmental Economics and Sustainability
Subject website
Language of the subject
magyar - HU
Curricular role of the subject, recommended number of terms

Programme: BA in Management and Business Administration

Subject Role: Compulsory

Recommended semester: 4

Programme: BA in International Business

Subject Role: Compulsory

Recommended semester: 4

Programme: BA in Finance and Accounting

Subject Role: Compulsory

Recommended semester: 4

Direct prerequisites
Strong
Közgazdaságtan I., Közgazdaságtan II. / Economics I.-II.
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: 580439/11/2024 registration number. Valid from: 29.05.2024.

Objectives

The aim of the course is to acquaint the students with the foundations of environmental economics, its international and domestic experiences, the current research challenges and main areas of investigation of environmental economics, and the most important topics of applied environmental economics.

Academic results

Knowledge
  1. The student has knowledge of the basic concepts, theories, national economic and international connections of environmental economics;
  2. knows the typical sustainability and macro-level environmental indicators;
  3. knows the possibilities and main principles of environmental protection regulations related to their field of expertise.
Skills
  1. By applying the learned theories and methods, the student uncovers and analyzes the facts and fundamental relationships regarding the interactions of the economic and environmental systems, formulates independent conclusions and critical comments;
  2. follows and interprets international economic processes, as well as changes in relevant and related policies and legislation in the environmental field, and their effects. He takes these into account during his analyses, proposals and decisions;
  3. can apply techniques for solving environmental-economic problems, problem solving methods, taking into account their application conditions and limitations;
  4. is able to cooperate with representatives of other fields of expertise.
Attitude
  1. The student is receptive to receiving new information, new professional knowledge and methodologies, and is open to taking on new tasks and responsibilities that require cooperation and independence. Strives to improve your knowledge and working relationships;
  2. receptive to the opinions of others, to sectoral, national and European values (including social, ecological and sustainability aspects).
Independence and responsibility
  1. The student assumes responsibility for complying with professional, legal and ethical norms and rules related to work and behavior.
  2. The student is able to independently search and pre-process literature sources necessary to answer environmental questions related to their work.

Teaching methodology

Lectures. Oral and written communication, use of IT, optional individual and group assignments and planning.

Materials supporting learning

  • Bartus Gábor – Szalai Ákos: Környezet, jog, gazdaságtan. Pázmány Press, Budapest, 2014. https://jak.ppke.hu/uploads/collection/205/file/Bartus-Szalai_Kornyezet_Jog_Gazdasagtan_2014_final.pdf
  • Phaneuf, D. J. – Requate, T.: A course in environmental economics. Theory, Policy and Practice. Cambridge University Press, 2017.
  • Tietenberg, Tom – Lewis, Lynne: Environmental & Natural Resource Economics. 10th Edition. Pearson, 2014
  • Folyóiratcikkek és további, folyamatosan kiadott oktatástámogató anyagok
  • A detailed and up-to-date list is provided during classes.

General Rules

The learning objectives detailed in 2.2 will be assessed by means of active participation in contact classes and a written exam.

Performance assessment methods

B. Detailed description of performance evaluations during the exam period: Evaluation of the subject's knowledge, ability, attitude and independence and responsibility-type competency elements in the form of a written exam. The exam is a complex action, which focuses on the assessment of the acquired basic knowledge, as well as the discovery of the knowledge of the determining relationships. The exact framework of the exam is determined by the instructor.

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

Percentage of exam elements within the rating

  • Written exam: 100
  • Total: 100

Conditions for obtaining a signature, validity of the signature

A signature will be awarded based on presence and active participation in lectures. Students’ participation will be documented by signing a presence sheet. The obtained signature is valid as per the provisions of the CoS.

Issuing grades

%
Excellent 93-100
Very good 85–91
Good 70–84
Satisfactory 55–69
Pass 40–54
Fail 0-39

Retake and late completion

1) As the condition for obtaining a signature is active participation in class, repeat, retake and late completion is not possible.

Coursework required for the completion of the subject

Nature of work Number of sessions per term
participation in contact classes 28
preparation for the contact classes 26
preparation for the written exam 36
total 90

Approval and validity of subject requirements

Consulted with the Faculty Student Representative Committee, approved by the Vice Dean for Education, valid from: 06.05.2024.

Topics covered during the term

Subject includes the topics detailed in the course syllabus to ensure learning outcomes listed under 2.2. to be achieved. The schedule of topics in the course curriculum in each semester may be affected by the calendar and other constraints.

Lecture topics
1. The relationship between society and its environment. The allocations and processes scrutinised by environmental economics.
2. The macroeconomic endogenous causes of pollution: (1) growth, (2) making choices due to scarcity, (3) the problem of measurement.
3. The microeconomic endogenous causes of pollution: (4) externalities, (5) common goods and free goods, (6) discounting
4. Pollution as a market failure: Pigovian and Coasian approaches to pollution control
5. General overview of environmental regulatory tools – Coasian approaches
6. Pigovian tools of environmental regulations: direct regulations and indirect regulations/economic incentives
7. Comparing direct and indirect/economic means of environmental regulations – aspects of choosing the appropriate regulatory tool.
8. Optimal use of natural resources: cost-benefit analyses in environmental economics, evaluation of non-market costs and benefits. The valuation of natural capital.
9. The economics of natural resource use. Renewable and non-renewable resources.

Additional lecturers

Name Position Contact details
Dr. Bartus Gábor egyetemi adjunktus / senior lecturer bartus.gabor@gtk.bme.hu
Dr. Princz-Jakovics Tibor egyetemi adjunktus / senior lecturer princz-jakovics.tibor@gtk.bme.hu

Approval and validity of subject requirements