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)
BMEGT42M400
Type of subject
contact unit
Course types and lessons
Type
Lessons
Lecture
2
Practice
0
Laboratory
0
Type of assessment
mid-term grade
Number of credits
2
Subject Coordinator
Name
Dr. Valkó László
Position
honorary professor
Contact details
valko.laszlo@gtk.bme.hu
Educational organisational unit for the subject
Department of Environmental Economics and Sustainability
Language of the subject
magyar - HU, angol - EN
Curricular role of the subject, recommended number of terms
Direct prerequisites
Strong
None
Weak
None
Parallel
None
Exclusion
None
Validity of the Subject Description
Validity is before 2017, next review in September 2021

Objectives

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.

Academic results

Knowledge
  1. knowledge of the basic concepts, theories, national economy and international contexts of environmental economics.
  2. the typical sustainability and macro-level environmental indicators.
  3. the possibilities and main principles of environmental regulation related to their special field of interest.
Skills
  1. explore and analyze the facts and basic relations concerning the interactions of economic and environmental systems using the learned theories and methods, to formulate independent conclusions and critical remarks,
  2. prepare decision-making proposals for technical-economic alternatives that include environmental issues in a significant way.
  3. follow and interpret international economic processes, as well as changes in the relevant, related policies and legislation of the environmental field, and their effects. These are taken into account in their analyzes, proposals and decisions.
  4. apply the techniques of solving environmental and economic problems, the problem solving methods, their application conditions and limitations.
  5. work with other disciplines.
Attitude
  1. demonstrate problem-sensitive, proactive behavior in order to ensure quality work, they are initiators.
  2. susceptible to the reception of new information, new professional knowledge and methodologies, open to new, independent and cooperative tasks and responsibilities. They strive to develop their knowledge and working relationships.
  3. are open to the changes of the wider economic and social environment of the given job, work organization, enterprise, they strive to follow and understand the changes.
  4. are inclusive for views of others, on sectoral, national and European values (including social, ecological and sustainability aspects).
Independence and responsibility
  1. take responsibility for analyzes, conclusions and decisions.
  2. take responsibility for compliance with professional, legal, ethical standards and rules related to work and conduct.

Teaching methodology

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

Materials supporting learning

  • 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)

General Rules

The learning objectives detailed in 2.2 will be assessed by means of two mid-term assessments.

Performance assessment methods

Mid-term assessments: Summative assessments: a complex written assessment to establish the level of knowledge and competences. The assessment focuses on the evaluation of the level of acquired knowledge and application competences. The topic of the mid-term assessment is determined by the lecturer and announced to the students in advance. The duration of the mid-term assessment is 45 minutes.

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

  • first written assessment (test): 50%
  • second written assessment (test): 50%
  • összesen: 100%

Percentage of exam elements within the rating

Issuing grades

%
Excellent > 90-100
Very good 85–92
Good 70-85
Satisfactory 55-70
Pass 40-55
Fail < 40

Retake and late completion

1) Both summative assessments may be attempted a second time. 2) Both summative assessments may be re-attempted free of charge during the specified re-take and make-up period. The result of the re-attempted assessment will overwrite the result of the first attempt in all cases. 3) Should the student not be able to obtain a non-Fail grade on the first re-attempt, they may take a second re-attempt, for a fee.

Coursework required for the completion of the subject

Nature of work Number of sessions per term
participation in contact classes 28
preparation for classes 12
preparation for assessments 20
exam preparation 0
60

Approval and validity of subject requirements

Topics covered during the term

A 2.2. pontban megfogalmazott tanulási eredmények eléréséhez a tantárgy a következő tematikai blokkokból áll. Az egyes félévekben meghirdetett kurzusok sillabuszaiban e témaelemeket ütemezzük a naptári és egyéb adottságok szerint.

Lecture topics
1. Particularities of contemporary environmental problems. Complexity and globality. The necessity to manage environmental problems. Methods and approaches of environmental mitigation. Micro-regional, environmental crisis management, the relationship between regional economic and ecological issues.
2. The specifics of natural and economic systems. The open chains of the economy, and the possibility of closing these loops.
3. Contemporary features of the relationship between the environment and the economy, global strategies to date and their critique. The concept, levels, dimensions and indicators of sustainable development. Environmental economics critique of traditional macroeconomic indicators, shortcomings of GDP-type indicators. Presentation and critical analysis of new types of macroeconomic indicators. Possible methods of economic evaluation of the environment, environmental methods of products-technologies-processes, environmental life cycle of products-technologies-processes (LCA analysis). Grouping of metrics (indicators), PSR and DPSIR models.
4. Interpretation of the concept of externalities in environmental economics, grouping of externalities. Characteristics of environmental processes (referring to infrastructure planning). Pareto's optimum, the optimal level of externalities. Environmental damage, environmental costs (case study).
5. Pollution chain model (typology of environmental impacts - intervention options).
6. The need for environmental regulation / internalization of externalities / and its appearance in economic theories / Pigovian taxes and subsidies, Coase’s theorem: introduction, shortcomings. Complex technical-economic regulatory possibility of managing externalities (sectoral case study).
7. The purpose, system and main tools of environmental regulation, with special regard to the contexts of direct, economic and management-type regulation. The current domestic and international practice of environmental regulation, primarily in the European Union.

Additional lecturers

Name Position Contact details
Horváth György Ádám PhD egyetemi adjunktus senior lecturer horvath.gyorgy@gtk.bme.hu
Princz-Jakovics Tibor PhD egyetemi adjunktus senior lecturer princz-jakovics.tibor@gtk.bme.hu

Approval and validity of subject requirements

Part I-III of the Subject Form is to be approved by the Head of Department of Environmental Economics named under