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Applied economics II

Applied economics II

En pratique :

Volume horaire de cours : 18
Langue principale : Anglais

Description du contenu de l'enseignement

Environmental economics

This course is an introduction both to the study of environmental economics and to the question of how economics can provide tools for improving our global environment. The first chapter explains the fundamental economic concepts used in environmental economics, and describes the main environmental challenges. The second chapter focuses on climate change, while the last two chapters focus on environmental regulation and present different policy instruments. This course uses microeconomics tools to understand why environmental problems occur.


  • Tietenberg and Lewis « Environmental and Natural Resource Economics », Pearson ed.
  • Kolstad « Intermediate Environmental Economics », Oxford University Press, International edition, 2nd edition, 2011
  • Field and Field « Environmental Economics: an introduction », The Mcgraw-Hill series

Schedule (subject to minor changes)

Lectures: 18 hours in total (9 sessions of 2 hours)

Chapter 1: Introduction to environmental economics
Sessions 1 to 2

This chapter:
Explains the link between the environment and economic activities.
Describes de different types of pollutants.
Presents the main environmental challenges.

Chapter 2: Climate change
Sessions 3 to 4

This chapter:
Explains some empirical evidence on climate change.
Describes the distribution of greenhouse gas emissions by countries and sectors and its evolution.
Explains the concept of carbon budget.

Chapter 3: Environmental regulation
Sessions 5 to 7

This chapter:
Describes the environmental regulation in Europe with a particular focus on France.
Explains the concept of environmental damages and social costs.
Describes the main environmental regulation instruments.

Chapter 4: Criteria for evaluating environmental policies
Sessions 8 to 9

This chapter:
Defines the efficient and cost effective environmental regulations.
Introduces the concept of abatement activities.
Determines the efficient abatement levels when firms are heterogeneous.
Presents the main criteria to evaluate an environmental regulation.


Compétences à acquérir

By the end of this course, students should:

  • Understand the concept of climate change and its impacts.
  • Understand the different types of environmental regulations.
  • Be able to determine the efficient environmental regulations and understand how they affect the firm’s behavior.