Demand, supply and market equilibrium. Elasticity of supply and demand. Theory of consumer choice and demand. Theory of supply. Circular flow of income. The material Balance Approach. Externalities. Sustainable development. Public goods. Causes of market failure. Economic value of environmental assets. Economic instruments for environmental protection.
Begg D., Fischer S., Dornbusch R., Economia, McGraw-Hill Education, 2014
Turner K., Pearce D., Bateman I., Economia ambientale, Il Mulino, 2003
Learning Objectives
Knolewdge acquired: the grammar of political economy. Knowledge on the issues related to the sustainable management of natural resources and economic instruments for environmental protection.
Competence acquired
Understanding of the relationships that exist between the economic system and environment, including social and collective preferences toward environmental resources.
Skills acquired (at the end of the course):
Students will be able to interpret political choices for environmental protection
Teaching Methods
Lectures and practicals
Type of Assessment
oral examination on the subjects of the lectures
Course program
Demand, supply and market equilibrium. Elasticity of supply and demand. Theory of consumer choice and demand. Theory of supply. Circular flow of income. The material Balance Approach. Externalities. Sustainable development. Causes of market failure. Economic value of environmental assets. Economic instruments for environmental protection.