Please note! Course description is confirmed for two academic years, which means that in general, e.g. Learning outcomes, assessment methods and key content stays unchanged. However, via course syllabus, it is possible to specify or change the course execution in each realization of the course, such as how the contact sessions are organized, assessment methods weighted or materials used.
The objective is to develop understanding of the basic problems in environmental, resource and energy economics. Tools developed for analyzing market failures and instruments for solving them. Familiarize the student with the main challenges in the energy sector, including those related to the environment.
Schedule: 15.04.2019 - 27.05.2019
Teacher in charge (valid 01.08.2020-31.07.2022): Iivo Vehviläinen
Teacher in charge (applies in this implementation): Matti Liski
Contact information for the course (applies in this implementation):
CEFR level (applies in this implementation):
Language of instruction and studies (valid 01.08.2020-31.07.2022):
Teaching language: English
Languages of study attainment: English
CONTENT, ASSESSMENT AND WORKLOAD
Common pool resource use in theory and practice; description and analysis of resource and energy commodity markets; pollution control in theory and practice, with particular emphasis on climate change, energy and environmental policy. Main empirical cases include: investments in nuclear power; emissions trading; pricing and investments in the electricity sector.
Assessment Methods and Criteria
Exercises: 3 home exercises passed
Group work: 3 topics passed
Case study: scoring 0-5, 40 % of the grading
Exam: scoring 0-5, 60 % of the grading
The course has 4 learning elements: lectures, exercises, reading assignments, and case study.
Lectures (24 h)
Main empirical cases
Reading assignments (30 h)
Readings and own source search
3-5 questions to be analyzed
Presenting and debating the outcome in the class
Problem sets (24 h)
Learning methods for analysis
Introduced and discussed in groups during the class
3 x 1 compulsory home exercises, returned next week
Case study (66 h)
Analyze a case in the energy and environment field
Write a 5-10-page report
Other readings assigned during the course.
For students of the School of Business: Principles of Economics (31A00110 or 31A00210) course or equivalent studies.
SDG: Sustainable Development Goals
8 Decent Work and Economic Growth
- Teacher: Matti Liski