COURSE UNIT TITLE

: ENVIRONMENTAL AND RESOURCE ECONOMICS

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
ECN 5035 ENVIRONMENTAL AND RESOURCE ECONOMICS ELECTIVE 3 0 0 6

Offered By

Economics (English)

Level of Course Unit

Second Cycle Programmes (Master's Degree)

Course Coordinator

PROFESSOR DOCTOR EMINE SEDEF AKGÜNGÖR

Offered to

Economics (English)

Course Objective

The aim of the course is to introduce the students the topics related to production and use of environmental and natural resources.

Learning Outcomes of the Course Unit

1   Define environmental goods withn the context of economic theory.
2   Understand the relationship between environmental and natural resources and economic activities.
3   Demonstrate understanding of valuation criteria of environmental goods and natural resources.
4   Demonstrate knowledge on environmental valuation methods.
5   Show knowledge on policy tools related to economics and the environment.

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 EkonomIntroduction
2 Externalities and market failures
3 Economic activities and relations with the environment
4 Environmental valuation: Concepts
5 Environmental valuation: Methods
6 Benefit cost analysis
7 Midterm
8 Common property resources
9 Environmental policy tools
10 Environmental policies and institutions
11 Policy evaluation
12 Presentations
13 Presentations
14 General Overview

Recomended or Required Reading

1. Economics of the Environment: Selected Readings (Sixth Edition) Robert N. Stavins
2. Academic papers

Planned Learning Activities and Teaching Methods

1. Lectures
2. Class Discussions
3. Assignments
4. Term paper

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA
1 MTE MIDTERM EXAM
2 STT TERM WORK (SEMESTER)
3 FIN FINAL EXAM
4 FCG FINAL COURSE GRADE MTE * 0.30 + STT * 0.30 + FIN* 0.40
5 RST RESIT
6 FCGR FINAL COURSE GRADE (RESIT) MTE * 0.30 + STT * 0.30 + RST* 0.40


Further Notes About Assessment Methods

None

Assessment Criteria

1. The learner will clearly define basic concepts on economics of the environment and natural resources.
2. The learner will undestand the connections between environment and economic activities.
3. The learner will demonstrate knowledge on environmental valuation methods.
4. The learner will show knowledge on evnironmental valuation methods.
5. The learner will demonstrate knowledge on environmental policy tool

Through term paper:
Finding a policy application on environment: (30 points)
The policy is not related to the topic/no news found Poor (0%)
The policy has little to do with the topic. Fair (40%)
The policy is moderately relevant to the topic Good (60%)
The policy is well related to the topic. - Very good (80%)
The policy is exactly on topic Excellent (100%)

Explaining the policy well: Explain the relationship between the policy you found and the given topic (30 points)
Policy not well explained/no news found Poor (0%)
Policy news was poorly explained. Fair (40%)
Policy news is moderately disclosed. Good (60%)
Policy news is well explained - Very well (80%)
Policy news is explained very well. - Excellent (100%)

Preparing the presentation: Prepare a presentation explaining the news you found and its relevance to the subject. (20 points)
Presentation not well prepared - Poor (0%)
Presentation poorly prepared Fair (40%)
The presentation is moderately prepared Good (60%)
The presentation is well prepared. - Very good (80%)
The presentation is very well prepared Excellent (100%)

Presenting without reading: give your presentation without reading from notes or slides (20 points)
The presentation was made entirely by reading from the notes -- Poor (0%)
Presentation was made by reading from notes and slides Fair (40%)
Less than half of the presentation was done by reading. Good (60%)
Less than 20% of the presentation was done by reading. - Very good (80%)
Your presentation was made without reading notes or slides Excellent (100%)

Language of Instruction

English

Course Policies and Rules

It is obligatory to attend at least 70% of the classes.

Contact Details for the Lecturer(s)

To be announced.

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Lectures 13 3 39
Tutorials 13 1 13
Preparation for midterm exam 1 10 10
Preparation for final exam 1 20 20
Preparing assignments 1 25 25
Preparing presentations 1 15 15
Preparations before/after weekly lectures 13 1 13
Final 1 2 2
Midterm 1 2 2
TOTAL WORKLOAD (hours) 139

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9PO.10
LO.1452
LO.2452
LO.344
LO.445
LO.5514