Credits: 6

Schedule: 11.04.2016 - 20.05.2016

Teacher in charge (valid 01.08.2018-31.07.2020): 

Matti Liski

Teaching Period (valid 01.08.2018-31.07.2020): 

V Spring (2018-2019), Otaniemi campus

V Spring (2019-2020), Otaniemi campus

Learning Outcomes (valid 01.08.2018-31.07.2020): 

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.

Content (valid 01.08.2018-31.07.2020): 

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 01.08.2018-31.07.2020): 

• 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

Exam will be replaced by exercises.

Case study: scoring 0‐5, 40 % of the grading
Exercises: scoring 0‐5, 60 % of the grading

Spring 2020 re-take exam replaced by independent project.


Workload (valid 01.08.2018-31.07.2020): 

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


Spring 2020 re-take exam replaced by independent project.

Study Material (valid 01.08.2018-31.07.2020): 

Lecture notes.

Other readings assigned during the course.

Course Homepage (valid 01.08.2018-31.07.2020):

Prerequisites (valid 01.08.2018-31.07.2020): 

For students of the School of Business: Principles of Economics (31A00110 or 31A00210) course or equivalent studies.

Grading Scale (valid 01.08.2018-31.07.2020): 

0 - 5

Registration for Courses (valid 01.08.2018-31.07.2020): 

Course and re-exams via WebOodi.

Further Information (valid 01.08.2018-31.07.2020): 

Students of the Advanced Energy Solutions master’s programme and Innovative Sustainable Energy Engineering master’s programme will complete the course 31E01310 Energy and Environmental Economics (5 cr). All students of the School of Business who wish to take this course will complete 31C01300 Energy and Environmental Economics (6 cr).