SYLLABUS

1. Objectifs du cours

This course examines current issues in environmental economics, with a focus on microeconomic methods applied to empirical issues.
It provides an overview of the literature, the challenges of using applied microeconomics and policy evaluation methods in environmental economics, and some practical tools.
The course combines theory and empirics and has a strong applied focus.
Provides students with knowledge and understanding of the major debates of environmental economics, on the design of environmental and climate regulation, the valuation of environmental externalities, behavioral failures and political economy factors in accelerating or slowing down the implementation of environmental policies.

2. Description du cours

This course provides an introduction to environmental economics through the use of fundamental tools: analysis of externalities, public goods, and social welfare; public policy instruments (taxes, quotas, regulation); carbon pricing; environmental valuation; climate economics; and the role of institutions in the ecological transition.
Through sectoral and institutional case studies, it highlights the challenges of the ecological transition and the trade-offs between efficiency, equity, and political feasibility. The course combines economic theory, empirical analysis, and discussion of contemporary public policies, with a particular focus on global climate issues

3. Plan du cours

• Chapter 1. Introduction to Environmental Economics
• S1 Externalities. Market failures. Social welfare. Pareto efficiency
• Chapter 2. Climate Economics - Social Cost of Carbon
• S2 Carbon pricing. Taxes.
• S3 Normes, subsidies for clean technologies
• S4 Coase theorem. Tradable emission permits
• S5 Case Study: shipping decarbonisation
• S6 Comparison of instruments: efficiency, equity, feasibility
• Chapter 3. Ecosystemic services. Environmental Valuation Methods
• S7 Transport cost method
• Chapter 4. Macroeconomics of environment IS-LM-EE
• S8 Green Deal - Green Investment
• Chapter 5. Can markets save the environment?
• S9 Role of institutions. SDG UNO. Multicriteria analysis
• S10 Revision for Exam

4. Compétences visées

• By the end of the course, students will be able to:
• Identify the main market failures related to the environment and understand their economic implications.
• Analyze and compare environmental policy instruments based on economic criteria: efficiency, equity, and costs.
• Evaluate the economic impacts of climate change mitigation policies, including concepts such as the social cost of carbon and carbon pricing.
• Apply environmental valuation methods to estimate the economic value of environmental goods and services.
• Understand the macroeconomic challenges of the ecological transition, particularly green investment and sustainability.
• Assess the role of institutions and international mechanisms in the coordination of environmental policies.
• Apply the tools covered in class to real-world situations through case study analysis.

Consulter la fiche RNCP de cette formation

5. Modalités pédagogiques

Mode d'enseignement : Présentiel

Langue(s) utilisée(s) : Anglais

Méthodes pédagogiques : Cours magistral

6. Modalités d'évaluation

Examen écrit sur table

7. Bibliographie

• Baumol WJ & Oates W. E. 1988. The Theory of Environmental Policy. Cambridge University Press.
• Perman R, Ma Y., McGilvray J. & Common M. 2011. Natural Resource and Environmental Economics. Pearson Education.
• Phaneuf D. J. & Requate T. 2016. A Course in Environmental Economics: Theory, Policy, and Practice. Cambridge University Press.
• Pilouso N. 2021. Économie de l'environnement. Ed Dunod.
• Tietenberg, T., & Lewis, L. 2018. Environmental and Natural Resource Economics. Routledge.
• Vallée A. 2011. Economie de l'environnement. Ed. Seuil
• Institutions:
• www.oecd.org. Instrument Mixes for Environmental Policy. Link.
• www.worldbank.org. State and Trends of Carbon Pricing 2025. Link.
• www.eea.europa.eu. The role of (environmental) taxation in supporting sustainability transitions. Link.
• www.ipcc.ch. Working Group III Mitigation of Climate Change. Link
• https://economicsnetwork.ac.uk/environmental/resources. The Economics Network