Environmental Economics - BMEGT42M410

The aim of the course is to acquaint students with the theoretical and practical application of environmental economics, sustainability, and the European Union and Hungarian system of environmental regulation policy.

1. The students has knowledge of the basic, comprehensive concepts, theories, facts, national economic and international connections of environmental economics;
2. has mastered the basic information-gathering and analysis methods of environmental economics, and knows its characteristic indicators;
3. knows the basics of the environmental protection fields related to his field of expertise;
4. knows the most significant normative theories of environmental policy intervention: the Pigou theorem and the Coase tradition;
5. knows the types of environmental policy intervention solutions, their advantages and disadvantages. Knows the criteria according to which the appropriate intervention tool can be selected for a given environmental problem;
6. knows the possibilities of government failures in the planning of environmental policy interventions;
7. knows the more frequently used environmental economic analysis methods: natural capital and ecosystem service evaluation procedures, cost-benefit analysis solutions.

1. By applying the learned theories and methods, the student is able to evaluate the social welfare and economic consequences of any environmental use problem, and to determine the necessary range of facts and data necessary for the evaluation;
2. after evaluating the characteristics of a given, arbitrary environmental use problem, is able to determine possible alternatives for environmental policy interventions suitable for solving the problem, after comparative analysis and evaluation of these alternatives, is able to independently propose the appropriate corporate response or public policy intervention;
3. follows and interprets world economic, international, EU and national economic policy and policy processes, and is able to interpret the effects of changes on the future state of natural resources based on these;
4. is able to determine the complex consequences of economic processes and organizational events;
5. can apply techniques for solving environmental problems, problem solving methods, taking into account their application conditions and limitations;
6. is able to cooperate with representatives of other fields;
7. is able to formulate specialist, scientific, business and public policy information in a comprehensible way, making it understandable to the wider public.

1. The student demonstrates problem-sensitive, proactive behavior and takes initiative in order to achieve high-quality work;
2. receptive to receiving new information, new professional knowledge and methodologies, open to new tasks and responsibilities that require cooperation and independence. Strives to improve their knowledge and working relationships;
3. is open to changes in the broader economic and social environment of the given job, work organization, enterprise, strives to follow and understand the changes;
4. receptive to the opinions of others, to sectoral, regional, national and European values (including social, social and ecological, sustainability aspects).

1. The student assumes responsibility for analyses, conclusions and decisions;
2. assumes responsibility for compliance with professional, legal, ethical standards and rules related to work and conduct.

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

• Tankönyvek, jegyzetek, letölthető anyagok:
• 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)
• Textbooks, notes, downloadable materials:
• Gábor Bartus - Ákos Szalai: Environment, Law, Economics, Pázmány Press, Budapest, 2014 (https://jak.ppke.hu/uploads/collection/205/file/Bartus-Szalai_Kornyezet_Jog_Gazdasagtan_2014_final.pdf)

The learning outcomes stated in point 2.2. are evaluated based on performance shown in the written summative assessments (2 mid-term exams).

Detailed description of the evaluations carried out during the study period: Summative assessment: a complex, written evaluation of the knowledge and ability-type competence elements of the subject in the form of a mid-term exam. The mid-term exam focuses on the assessment of the acquired knowledge and its application. The course material on which the evaluation is based is determined by the lecturer of the subject.

• 1st summative assessment: 50
• 2nd summative assessment: 50
• Total: 100

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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 retake, 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. 

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

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.