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- Code:
- YMTA-403
- Field:
- Environmental Economics
- Target:
- Bachelor's students
- Organiser:
- University of Helsinki - Environmental Economics
- Instructor:
- Sanna Lötjönen
- Period:
- Period 1
- Format:
- Participation in teaching
- Method:
- Contact teaching
- Venue:
- Viikki campus
- Enrollment:
In case of conflicting information consider the Sisu/Course/Moodle pages the primary source of information.
Aalto, Hanken and UH economics students can enroll through their home university’s SISU. Further instructions are available on the How to enroll? page, also for students from other universities.
If you would like to count the credits towards your degree, please check your curriculum or contact your supervisor or student services for guidance.
- To access the Moodle course area, use all the features and participate in the activities (assignments, discussions), you must have successfully registered for the course in Sisu and logged in with your UH user ID.
- For more information on how to activate your UH user ID and register for a Moodle course area, click here.
Content
The course will cover the following topics: public goods and externalities, socially optimal level of pollution, theory of setting policy instruments for global and local pollutants, cost-efficiency, Coase theorem, imperfect information and imperfect competition when setting policy instruments.
Learning outcomes
During the course the student will deepen and broaden their understanding of the core concepts in environmental economics, and learn to apply methods typically used in the field. After the course the student should be able to:
1) understand and calculate the socially optimal level of pollution, and, based on this, determine the optimal level of policy instruments,
2) understand the concept of cost-efficiency and determine the cost-efficient level of policy instruments with both global and local pollutants,
3) understand the Coase theorem,
4) form and solve the profit maximization and cost minimization problems of a firm in the presence of policy instruments, and
4) understand and calculate the effect of imperfect information and imperfect competition on the optimal level of policy instruments in a few basic cases.