Environmental Economics - BMEGT42A011

The course unit aims to augment and deepen the students’ previously acquired knowledge in micro- and macroeconomics in a more complex manner, such that the objectives of environmental protection and the vision of sustainable development may be exercised as a skill. Having completed this course unit, students will be able to make more balanced, fair, equitable, and socially and environmentally desirable decisions, but also to assess and evaluate decisions taken by others.

1. The student understands the importance of the economic approach in the transition to sustainable devel-opment.
2. The student is aware of the decision-making approach in economics.
3. The student has a basic knowledge of environmental valuations and its primary methods.
4. The student understands and has an insight into the microand macro-level conflicts arising from the interaction of the economy and our environment.
5. The student understands the concept of externalities, their causes and effects.
6. The student is familiar with the fundamental theories in environmental economics, the opportunities and limits to their practical applicability.
7. The student understands the theory of environmental regulatory tools and instruments, and is able to compose a mix of instruments for a particular purpose.

1. The student is sensitive towards and is capable of solidarity with future generations, and is capable of taking future-conscious, fair and equitable decisions.
2. The student is capable of drawing up economic, social and environmental plans for the future, and is competent at assessing these.
3. They are capable of assessing decisions taken from an economic, social and environmental aspect, bearing in mind the impacts on future generations.
4. They are capable of identifying and evaluating the micro and macro-level conflicts of the economy and the environment, and crafting socially and environmentally desirable solutions.
5. They are competent in recognising problems arising from pollution, and are capable of finding appro-priate solutions.
6. The student is capable of implementing environmental economic theory into practice.
7. They are capable of making a well-established choice between environmental regulatory tools, based on the limits of their applicability.

1. The students collaborate/cooperate with the lecturer and fellow students on acquiring knowledge
2. The students expand their knowledge by continuous learning
3. The students are open to use IT solutions
4. The student strives to understand the nature and problems associated with environmental and natural resources in the interest of securing the commonwealth of society
5. The student exercises due empathy and interest towards other members of society, and shall act respectfully and cautiously in the shared interest of society.

1. The students are able to work individually: selecting methods and techniques; organizing, planning, coordinating work; collecting, organizing, analysing, evaluating data; developing in general and professionally
2. The students are able to apply system-oriented thinking.
3. The students are able to take responsibility for the analyses, conclusions, decisions made.
4. The students are able to perform tasks individually and with responsibility as a member of a project team.
5. The student aims to overcome all and any shortcomings in any adjoining disciplines and knowledge areas, including natural sciences, philosophy or social and economic studies.

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

• 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
• Tietenberg, Tom – Lewis, Lynne: Environmental & Natural Resource Economics. 10th Edition. Pearson, 2014
• Phaneuf, D. J. – Requate, T.: A course in environmental economics. Theory, Policy and Practice. Cambridge University Press, 2017.
• Folyóiratcikkek és további, folyamatosan kiadott oktatástámogató anyagok
• A detailed and up-to-date list is provided during classes.

The learning objectives detailed in 2.2 will be assessed by means of a written examination.

A written examination must be taken during the exam period. Component parts of the examination: a. multiple choice test on the basics: terminology, interrelations b. practical application of theoretical concepts

• written exam – multiple choice test: 50-67
• written exam – practical application: 34-50%
• total: 100%

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 Code of Studies and Examinations.

1) As the condition for obtaining a signature is active participation in class, no makeup is possible. 2) Any examination taken may be retaken as per the provisions of the Code of Studies and Examinations.

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.