Environmental Economics II: Mechanisms (5 cr)

Code:
AGERE-E02
Field:
Environmental Economics
Targets:
Master’s students Research Master's students PhD students
Organiser:
University of Helsinki - Environmental Economics
Instructor:
Lassi Ahlvik
Period:
Period 3
Format:
Lecture
Method:
Contact teaching
Venue:
Viikki campus

In case of conflicting information consider the Sisu/Courses/Moodle pages the primary source of information.

The course deepens the theory and analytical skills provided by course AGERE-E01. The first part of the course focuses on economics of uncertainty and introduces the concepts of risk-aversion, prudence, value of information, precautionary principle and optimal experimentation. The second part of the course introduces economics of information, where the policy maker is less informed than the regulated firms or individuals. We learn how to design contracts, negotiations, green auctions and mechanisms under information constraints. Throughout the course, we will supplement the theoretical models with numerical examples and empirical studies.

  • Completion method: contact teaching
  • Schedule: can be found in Course Page and Sisu
  • Study materials: can be found in Moodle
    • For some courses, it is enough to register in Sisu and you can access directly the Moodle area, please note, however, that it may take up to two hours after registration to enter the Moodle area.
    • Log in with your UH username to be able to use all the features of the course workspace
    • More tips for enrolling in Moodle can be found here

Please register for the course in the UH Sisu with your UH username. Further instructions can be found here.

Aalto University Students
  • Code: no equivalent code
  • Target groups: MSc / rMSc / PhD
  • Credit points: 5
  • Credit transfer: apply for inclusion in Sisu
Hanken Students
  • Code: 26075
  • Target groups: MSc / rMSc / PhD
  • Credit points: 5
  • Credit transfer: apply for substitution in Sisu
University of Helsinki Students
  • Code: AGERE-E02

  • Target groups: MSc / rMSc / PhD students: please contact your supervisor/program director to be sure that the course credit can be counted towards your degree

  • Credit points: 5

FDPE Students Students
  • Please contact your supervisor/program director to be sure that the course credit can be counted towards your degree
  • Credit transfer: please apply for credit transfer according to your home university’s procedures
    • further instructions can be found here.

After completing the course, the students understand how to systematically think the solution to environmental problems under uncertainty, and how to design incentive schemes for effective environmental problem under private information. The students will learn to formulate, analyze and interpret economic models of uncertainty and private information, such as moral hazard, adverse selection, auctions and mechanism design.