Duration
18h Th
Number of credits
| Master in agricultural bioengineering (120 ECTS) | 2 crédits | |||
| Master in environmental bioengineering (120 ECTS) | 2 crédits | |||
| Master in forests and natural areas engineering (120 ECTS) | 2 crédits | |||
| Master in innovation management and the food design (120 ECTS) | 2 crédits |
Lecturer
Language(s) of instruction
French language
Organisation and examination
Teaching in the first semester, review in January
Schedule
Units courses prerequisite and corequisite
Prerequisite or corequisite units are presented within each program
Learning unit contents
1. Etymological, epistemological, historical and theoretical foundations of the study of th interections between the economic and environmental spheres
2. Analysis of key notions in environmental economics : externalities, public goods, pigovian taxe, coasian bargain, etc.
3. Discussion of the central issue of 'value' (use, non-use, option, existence, etc.)
4. Detailed and careful analysis f the main 'valuation methods' of environmental assests and their connection with the market
5. Presentation and discussion of the Cost-Benefit Analysis (CBA) for the management of environmental assests
6. Integration of the issues of uncertainty and time thorugh discounting: an illustration with the economics of climate change
7. Discussion of the relationship between GDP growth, environmental quality and well-being
8. Complementary insights to traditional environmental economics : theory of habits, technological lock-in, alternatives to GDP, etc.
Learning outcomes of the learning unit
Objective of the lecture:
Acquire and develop a competent use of the key concepts that are necessary for a good understanding of the issues related to the interactions between the economic and environmental spheres
At the end of the class, the student is expected to be able to:
- grab, with his own words, the main notions exposed during the lecture
- provide a critical analysis of a short scientific paper dealing with a current environmental issue
- mobilise the knowledge acquired to write a short essay being placed in the concrete situation of an environmental economist dealing with a cross-cutting issue
Prerequisite knowledge and skills
Course in political economy
Course in mathematics
Planned learning activities and teaching methods
Mode of delivery (face to face, distance learning, hybrid learning)
Lectures : 18h
Recommended or required readings
The only mandatory reading is the scientific paper that is to be critically assessed during the final exam
Written examination (100%)
Work placement(s)
Organisational remarks and main changes to the course
The lecture requires the active involvement of students
Contacts
Maréchal Kevin, (Assistant Professor)
ULiège - Gembloux Agro-Bio Tech
Economics and Rural Development Unit
2, Passage des Déportés
5030 Gembloux
Belgium
Tél. + 32 81 62 23 63
K.Marechal@uliege.be