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.

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: 19.04.2022 - 30.05.2022

Teacher in charge (valid for whole curriculum period):

Teacher in charge (applies in this implementation): Iivo Vehviläinen, Arttu Ahonen

Contact information for the course (applies in this implementation):

CEFR level (valid for whole curriculum period):

Language of instruction and studies (applies in this implementation):

Teaching language: English. Languages of study attainment: English

CONTENT, ASSESSMENT AND WORKLOAD

Content
  • valid for whole curriculum period:

    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 for whole curriculum period:

    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 for whole curriculum period:

    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 for whole curriculum period:

    Lecture notes.

    Other readings assigned during the course.

Substitutes for Courses
Prerequisites
SDG: Sustainable Development Goals

    8 Decent Work and Economic Growth

FURTHER INFORMATION

Further Information
  • valid for whole curriculum period:

    Equivalent to the course 31E01310 Energy and Environmental Economics.


    Teaching Period:

    2020-2021 Spring V

    2021-2022 Spring V


    Course Homepage: https://mycourses.aalto.fi/course/search.php?search=31C01300


    Registration for Courses: In the academic year 2021-2022, registration for courses will take place on Sisu (sisu.aalto.fi) instead of WebOodi.