Environmental Economics and Management
The course draws models from microeconomic theory but also from models of business administration and management via scientific literature, lectures, case studies, seminars and student assignments.
The following are included in the course:
the cause of environmental problems and the limitations of markets
marginal theory and efficient use of resources
environmental policy versus voluntary activities; CSR, labelling and consumer action
value and evaluation of environmental goods; ecosystem services and dis-services
societal goals and conflicts between growth, trade and the environment
horticulture as a source of or solution to environmental problems
business management, sustainability management, sustainable entrepreneurship and green marketing
It is mandatory to participate in examinations, seminars and equivalents. Also guest lectures/excursions are compulsory if those are marked mandatory in the schedule.
Information from the course leader
FÖ0471
Environmental Economics and Management 15 HEC
Course Program
(subject to minor changes)
Course leader Kostas Karantininis [kk]
Department of People & Society, SLU
Room 404, Slottsvägen 5, Alnarp
karantininis.konstantinos@slu.se tel: 0730968654
Course period 3a & 3b: 17/Jan-23/Mar/2022
Course Schedule: Lectures: Monday, Tuesday, Thursday 09:00-12:00
All lectures will be available on ZOOM
Mondays – on-campus location – in person + ZOOM
Compulsory Attendance: Tue/18/Jan/2022/09:00-12:00 & Week 11 (21-25/mar)
Evaluation Assignments 3x15% 45%
presentation 1x15% 15%
Paper Project (team) 1x40% 40%
-Assignments: Calculations and interpretations of environmental costs, and Cost-Benefit analysis
-Presentation: Critical review & presentation of one assigned scientific paper
-Paper Project: One written paper & in-class presentation of a paper on an environment-related topic. Team work. More details in the class
Papers will be presented during the last Week 11 (21-25/mar)
Course Objectives
This course consists of two parts:
Environmental economics. This concerns the impact of the economy on the environment, the significance of the environment to the economy, and the appropriate way of regulating economic activity so that balance is achieved among environmental, economic, and other social goals. (Kolstad, 2011)
Business management & strategy. This part of the course deals with how firms can incorporate environmental and sustainability issues into their managerial decisions and business strategy.
The aims of the course are twofold:
On one hand to provide with the necessary knowledge of basic economic principles, models and tools to understand and analyse environmental issues relevant to agriculture and food production.
On the other hand the course aims to provide with the fundamental principles of business management and strategy of environmental quality and sustainability.
On completion of the course, students will be able to:
- understand the concepts of efficiency and economic welfare and apply them to analysis of environmental quality
- compare different methods for valuation of the environment
- understand the foundations of cost – benefit analysis
- understand the relation between agriculture, the environment and climate change
- understand different environmental policy instruments
- understand the basic instruments of EU environmental and climate policies
- understand and apply principles of sustainable strategy, management, entrepreneurship, sustainable business models and green marketing
Reading List (Subject to minor adjustments)
[BSR] Bocken, N. M., Short, S.N, & Rana, S. (2014). A literature and practice review to develop sustainable business model archetypes. Journal of Cleaner Production, 65, 42-56
[COP] COP26 Explained (2021)
[EEA] European Environmental Agency. (2019). Climate change adaptation in the agriculture sector in Europe. EEA Report No 04/2019
[F&F] Field, B.C., & Field, M.K. (2017). Environmental economics: an introduction. 7th Ed. McGraw-Hill.
[O&P] Osterwalder, A., & Pigneur, Y. (2010). Business model generation: a handbook for visionaries, game changers, and challengers, John Wiley & Sons
[P&K] Porter, M. E., & Kramer, M. R. (2006). The link between competitive advantage and corporate social responsibility. Harvard Business Review 84(12): 78-92.
[P&L] Porter, M.E., & van der Linde, C. (1995). Toward a New Conception of the Environment-Competitiveness Relationship. Journal of Economic Perspectives 9(4), 97-118
[S&H] Slaper, T. F. & Hall, T. J. (2011). The triple bottom line: What is it and how does it work. Indiana business review, 86(1), 4-8.
[SPC] SOPAC. (2012). Simple Introduction to Cost-Benefit Analysis. Report 84
Background and further readings (Subject to minor adjustments)
[D&T] Dupont, C., & Torney, D. (2021). European Union climate governance and the European Green Deal in turbulent times. Politics and Governance 9(3), 312-315
[DEG] Kallis, G., Paulson, S., D'Alisa, G., & Demaria, F. (2021). The Case for Degrowth. Cambridge, UK: Polity Press
[E&B] Epstein, M. J. and A. R. Buhovac (2014). “Making sustainability work: Best practices in managing and measuring corporate social, environmental, and economic impacts”, Berrett-Koehler Publishers.
[H&M] Harrington, W. & R. D. Morgenstern (2007). Economic incentives versus command and control: What's the best approach for solving environmental problems? Acid in the Environment, Springer: 233-240
[KOL] Kolstad, C. (2011). "Intermediate Environmental Economics: International Edition," OUP Catalogue, Oxford University Press. 2nd Ed.
[MNK] Mankiw, G. (2001). Principles of Microeconomics. 2nd ed. Ft. Worth, TX, Philadelphia, PA: Harcourt College Publishers/Harcourt, Inc.
[P&C] Peattie, K., & Crane, A. (2005). Green marketing: legend, myth, farce or prophesy? Qualitative market research: an international journal.
[P5F] Porter, M. E. (2008). The Five Competitive Forces That Shape Strategy. Harvard business review
[PST] Porter, M. E. (2000). What is strategy? Harvard business review.
[TOL] Tollefson, J. (2021). Top climate scientists are skeptical that nations will rein in global warming. Nature, 599(7883), 22-24
[UNE] UNEP. United Nations Environment Programme (2021). Food Waste Index Report. Nairobi.
[VIS] Viscusi, W. K. (2012). What's to know? Puzzles in the literature on the value of statistical life. Journal of Economic Surveys 26(5): 763-768
[Y&S] Yang, H., & Suh, S. (2021). Economic disparity among generations under the Paris Agreement. Nature communications, 12(1), 1-7
Course evaluation
The course evaluation is now closed
FÖ0471-30121 - Course evaluation report
Once the evaluation is closed, the course coordinator and student representative have 1 month to draft their comments. The comments will be published in the evaluation report.
Additional course evaluations for FÖ0471
Academic year 2023/2024
Environmental Economics and Management (FÖ0471-30044)
2024-01-15 - 2024-03-19
Academic year 2021/2022
Environmental Economics and Management (FÖ0471-30117)
2022-01-17 - 2022-03-23
Syllabus and other information
Syllabus
FÖ0471 Environmental Economics and Management, 15.0 Credits
Miljöekonomi och förvaltningSubjects
Agricultural Science Business Administration Business AdministrationEducation cycle
Master’s levelModules
| Title | Credits | Code |
|---|---|---|
| Single module | 15.0 | 0101 |
Advanced study in the main field
Second cycle, has only first-cycle course/s as entry requirementsMaster’s level (A1N)
Grading scale
The grade requirements within the course grading system are set out in specific criteria. These criteria must be available by the course start at the latest.
Language
EnglishPrior knowledge
Knowledge equivalent to 120 credits, including 90 credits in Social Science or 90 credits in Natural Science, and English 6.Objectives
The aim of the course is to give fundamental knowledge in economic models and tools as a basis for discussing and dealing with environmental issues relevant to agriculture and horticulture. The objective is to provide tools for systems analysis based on economic sustainability criteria.
On completion of the course, students will will be able to:
evaluate and discuss the possibilities and limitations of management in a market economy
describe and explain the concepts of cost efficiency and welfare economics
have an understanding of different environmental policy instruments
compare different methods for valuation of the environment
analyze differences in view between different actors on environmental problems
describe and apply the basics of business management, sustainable management, sustainable entrepreneurship and green marketing.
Content
The course draws models from microeconomic theory but also from models of business administration and management via scientific literature, lectures, case studies, seminars and student assignments.
The following are included in the course:
the cause of environmental problems and the limitations of markets
marginal theory and efficient use of resources
environmental policy versus voluntary activities; CSR, labelling and consumer action
value and evaluation of environmental goods; ecosystem services and dis-services
societal goals and conflicts between growth, trade and the environment
horticulture as a source of or solution to environmental problems
business management, sustainability management, sustainable entrepreneurship and green marketing
It is mandatory to participate in examinations, seminars and equivalents. Also guest lectures/excursions are compulsory if those are marked mandatory in the schedule.
Grading form
The grade requirements within the course grading system are set out in specific criteria. These criteria must be available by the course start at the latest.Formats and requirements for examination
The examination for the course will consist of project work presentations, exercises and a
written examination. To obtain the course credits, approved participation in compulsory
components, approved written examination, approved reports and approved oral
presentations will be required.
If a student has failed an examination, the examiner has the right to issue supplementary assignments. This applies if it is possible and there are grounds to do so.
The examiner can provide an adapted assessment to students entitled to study support for students with disabilities following a decision by the university. Examiners may also issue an adapted examination or provide an alternative way for the students to take the exam.
If this syllabus is withdrawn, SLU may introduce transitional provisions for examining students admitted based on this syllabus and who have not yet passed the course.
For the assessment of an independent project (degree project), the examiner may also allow a student to add supplemental information after the deadline for submission. Read more in the Education Planning and Administration Handbook.
Other information
The right to participate in teaching and/or supervision only applies for the course instance the student was admitted to and registered on.
If there are special reasons, students are entitled to participate in components with compulsory attendance when the course is given again. Read more in the Education Planning and Administration Handbook.
Additional information
The course is given in parallel with a corresponding elective course in Agroecology – Master’s Programme.Responsible department
Department of People and Society
Further information
Grading criteria
Evaluation Assignments 3x15% 45%
presentation 1x15% 15%
Paper Project (team) 1x40% 40%
-Assignments: Calculations and interpretations of environmental costs, and Cost-Benefit analysis
-Presentation: Critical review & presentation of one assigned scientific paper
-Paper Project: One written paper & in-class presentation of a paper on an environment-related topic. Team work. More details in the class. Papers will be presented during the last Week 11 (21-25/mar)
Litterature list
- FÖ0471 EE&M Literature List 2022 Författare: Kostas Karantininis [FÖ0471 EE&M Literature List 2022] (https://drive.google.com/drive/folders/1AvA5OmPvDr9T3elX5PVtdGD5gnsgzqsC?usp=sharing) Kommentar: Reading List (Subject to minor adjustments) [BSR] Bocken, N. M., Short, S.N, & Rana, S. (2014). A literature and practice review to develop sustainable business model archetypes. Journal of Cleaner Production, 65, 42?56 [COP] COP26 Explained (2021) [EEA] European Environmental Agency. 2019. “Climate change adaptation in the agriculture sector in Europe”. 1994?2019EEA Report No 04/2019 [F&F] Field, B.C., & Field, M.K. (2017). “Environmental economics: an introduction”. 7th Ed. McGraw?Hill. [O&P] Osterwalder, A., & Pigneur, Y. (2010). Business model generation: a handbook for visionaries, game changers, and challengers, John Wiley & Sons [P&K] Porter, M. E. & Kramer, M. R. (2006). The link between competitive advantage and corporate social responsibility. Harvard Business Review 84(12): 78?92. [S&H] Slaper, T. F. & Hall, T. J. (2011). The triple bottom line: What is it and how does it work. Indiana business review, 86(1), 4?8. [SPC] SOPAC. (2012). Simple Introduction to Cost-Benefit Analysis. Report 84 [TOL] Tollefson, J. (2021). Top climate scientists are sceptical that nations will rein in global warming. Nature, 599(7883), 22-24
Background and further readings (Subject to minor adjustments)
[D&T] Dupont, C., & Torney, D. (2021). European Union climate governance and the European Green Deal in turbulent times. Politics and Governance 9(3), 312-315
[DEG] Kallis, G., Paulson, S., D’Alisa, G., & Demaria, F. (2021). The Case for Degrowth. Cambridge, UK: Polity Press
[E&B] Epstein, M. J. and A. R. Buhovac (2014). “Making sustainability work: Best practices in managing and measuring corporate social, environmental, and economic impacts”, Berrett?Koehler Publishers.
[H&M] Harrington, W. & R. D. Morgenstern (2007). Economic incentives versus command and control: What’s the best approach for solving environmental problems? Acid in the Environment, Springer: 233?240
[KOL] Kolstad, Charles, 2011. "Intermediate Environmental Economics: International Edition," OUP Catalogue, Oxford University Press. 2nd Ed.
[MNK] Gregory Mankiw. 2001. Principles of Microeconomics. 2nd ed. Ft. Worth, TX, Philadelphia, PA: Harcourt College Publishers/Harcourt, Inc.
[P&C] Peattie, K., & Crane, A. (2005). Green marketing: legend, myth, farce or prophesy? Qualitative market research: an international journal.
[P5F] Porter, M. E. (2008). The Five Competitive Forces That Shape Strategy. Harvard business review
[PST] Porter, M. E. (2000). What is strategy? Harvard business review.
[UNE] UNEP. United Nations Environment Programme (2021). Food Waste Index Report 2021. Nairobi.
[VIS] Viscusi, W. K. (2012). What's to know? Puzzles in the literature on the value of statistical life. Journal of Economic Surveys 26(5): 763?768
[Y&S] Yang, H., & Suh, S. (2021). Economic disparity among generations under the Paris Agreement. Nature communications, 12(1), 1-7