Environment Centre cz bw204
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Energie a Environmentální ekonomika (PhD. kurz v angličtině)

Garant: Milan Ščasný a Silvester van Koten

The Energy and Environmental Economics consists of 2 parts.

Part 1 is taught by M. Ščasný, Part 2 of this course is taught by Silvester van Koten. The course shall provide students with guidance for current status of the literature and their own empirical research. The course does not require prior knowledge related to energy or environmental science.

First 7 lectures of Part 1 introduces non-market valuation that provides welfare estimates for environmental, health, or other non-market goods and services. We present valuation techniques based on both revealed preferences (travel cost, hedonic pricing) and stated preferences (contingent valuation, discrete choice experiments). Economic valuation of health benefits – covering the impacts on morbidity, premature mortality, and quality-of-life indicators – will continue. Climate change economics is introduced, focusing on how social cost of carbon can be derived (equity issues, inter-generation equity).

Next five lectures of Part 1 are addressing environmental regulation, behavioral aspects, and 3E modelling (economy-energy-environment). We begin with definition of environmental externalities and their optimal control, and continue with optimal taxation. We move to consumers, paying a special attention to energy efficiency paradox and rebound effect. Various approach to model impacts of regulation on the economy, the environment, and energy system are presented – partial equilibrium optimisation energy models, a computable general equilibrium models, and hybrid modelling, statistical decomposition, and we conclude with Environmnetal Kuznets Curve hypothesis.

This course is held during Spring semesters, starting around January 10 and ending in the mid of April at CERGE-EI, Politickych veznu 7, Prague 1.