Course syllabus RRERZP - Economics and Management of Environment and Natural Resources (FRDIS - WS 2014/2015)

     ECTS syllabus          Syllabus          Timetable          

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Course code: RRERZP
Course title in language of instruction: Ekonomika a řízení životního prostředí a přírodních zdrojů
Course title in Czech: Economics and Management of Environment and Natural Resources
Course title in English: Economics and Management of Environment and Natural Resources
Mode of completion and number of credits: Exam (6 credits)
(1 ECTS credit = 28 hours of workload)
Mode of delivery/Timetabled classes: full-time, 2/2 (hours of lectures per week / hours of seminars per week)
Language of instruction: Czech
Level of course: bachelor
Semester: WS 2014/2015
Name of lecturer: Ing. Simona Miškolci, Ph.D. (examiner, instructor, lecturer, supervisor)
Prerequisites: Macroeconomics or Macroeconomics in English and not EKZPZ and not ENEKO and not ENPOL and not Environmental Aspects of Business in EU
Aims of the course:
Optimization of the natural resource use based on the sustainability principles requires specific management approaches respecting the nature protection requirements. The goal of the course is to equip students with professional competencies necessary for economic analysis and guidance on development strategies in accordance with the requirements of environmental protection and optimizing use of natural resources. It covers both the theoretical foundations of economics, and economic methodology useful for promoting environmentally-sensitive decisions and selected practical applications.
The whole course is designed to equip students with sufficient knowledge and analytical skills that are necessary to take into account the environmental impacts of human activities in the economic decision making at both macro and micro-economic levels, and the development and evaluation of public policies on the environment. Students in the course learn the basic concepts, theoretical approaches and economic principles of the natural resources use and environmental protection. Understanding of the economic rules for natural resource management based on the sustainability principles, and specific approaches integrating natural protection requirements.
Having completed the course, students are expected to be able:
• to analyse and shape the development strategies with respect of economic consequences, the natural protection requirements, and natural resource use optimisation;
• to reflect environmental anthropogenic impacts in the economic decision making process at the micro and macro-economic levels and public environmental policy evaluation;
• to integrate environmental policies into business strategy and management.

The major objectives are for students to learn basic economic principles governing the allocation of various categories of scarce natural/environmental resources among competing uses; and gain experience with basic analytical tools useful for applying these principles to real world allocation problems. Students will develop understanding of (1) interconnections between the natural environment, social institutions, and the working of market economic system; (2) the role of microeconomics and macroeconomics and ethics in sustainability and the differences between neoclassical environmental economics and ecological economics; (3) the relationship between the economic growth and the environment and the "Environmental Kuznets Curve"; (4) the relationship between "economic efficiency" and sustainability, the concept and the rules of sustainable economic development ; (4)market failures the conditions under which markets allocate environmental resources inefficiently; (5) the concept of economic value and methods for estimating value of non-market environmental goods and services; (6) approaches to environmental and natural resource management and optimization; (7) alternative approaches and tools to solve environmental problems due to missing markets and policy failures.
Course contents:
1.Introduction to the study, definition of basic concepts, subject and methods of the study (allowance 2/2)
2.Economic system and the environment (allowance 2/2)
3.Economic growth and the environment - environmental limits (allowance 2/2)
4.Economic principles of sustainable development of society and their potential application in developing strategies (allowance 4/4)
5.Basic economic principles of the exploitation of natural resources (allowance 2/2)
6.Allocative function of market failure: causes and potential solutions for society (allowance 6/4)
7.Impact assessment of economic activity on the environment when deciding on the implementation of development projects (allowance 4/4)
8.Environmental and natural resource management tools (allowance 2/2)
9.Environmental policy - goals, principles, strategies, tools (allowance 2/4)
Learning outcomes and competences:
Generic competences:
-ability to analyse and synthesize
-ability to work in interdisciplinary team
-capacity to adapt to new situations
-ethical commitment
-quality concept awareness

Specific competences:
-Ability to analyse and to modify economic development strategies in correspondence with requirements of environmental protection and NR management
-Ability to consider environmental anthropological consequences in making economic decisions at both mico and macroeconomic level
-Ability to examine public policy in the environmental area
-Understanding the possibility to utilize natural resources following sustainability principles

Type of course unit: required
Year of study: Not applicable - the subject could be chosen at anytime during the course of the programme.
Work placement: There is no compulsory work placement in the course unit.
Recommended study modules: -
Learning activities and study load (hours of study load):
Type of teaching methodDaily attendance
Direct teaching
     lecture28 h
     practice8 h
     seminar20 h
     consultation7 h
     public presentation (oral)10 h
     preparation for exam20 h
     preparation for regular assessment20 h
     preparation for regular testing20 h
     preparation of presentation20 h
     elaboration and execution of projects15 h
Total168 h
Assessment methods:
Oral examination; a credits are subjected to active participation in seminars and team work, indivitual preparation for seminars and case studies, paper presentation and short wiritting assigments, tests.
Recommended reading:
TypeAuthorTitlePublished inPublisherYearISBN
RQHARRIS, J M.Environmental and natural resource economics : a contemporary approachBostonHoughton Mifflin20050-618-49633-5
RQHODGE, I.Environmental Economics : Individual Incentives and Public ChoicesBasingstokeMacmillan Press19950-333-57771-X
RQMARKANDYA, A. et al.Environmental economics for sustainable growth: a handbook for practitionersCheltenhamEdward Elgar20021-84064-812-0
RQHAAB, T C. -- MCCONNELL, K E.Valuing environmental and natural resources: the econometrics of non-market valuationCheltenhamEdward Elgar20021-84064-704-3
RQŠAUER, P.Základy ekonomiky životního prostředíPrahaVŠE199680-7079-890-4


Last modification made by Bc. Vít Karber on 01/06/2015.

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