Please note! Course description is confirmed for two academic years (1.8.2018-31.7.2020), 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.

LEARNING OUTCOMES

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.

Credits: 6

Schedule: 14.04.2020 - 25.05.2020

Teacher in charge (valid 01.08.2020-31.07.2022): Matti Liski

Teacher in charge (applies in this implementation): Iivo Vehviläinen

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

Content
  • Valid 01.08.2020-31.07.2022:

    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
  • Valid 01.08.2020-31.07.2022:

    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

     

Workload
  • Valid 01.08.2020-31.07.2022:

    The course has 4 learning elements: lectures, exercises, reading assignments, and case study.

    Lectures (24 h)
    Conceptual background
    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

DETAILS

Study Material
  • Valid 01.08.2020-31.07.2022:

    Lecture notes.

    Other readings assigned during the course.

Prerequisites
  • Valid 01.08.2020-31.07.2022:

    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

FURTHER INFORMATION

Description

Registration and further information