Economic Evaluation Methods of Environment (13MZS2I4)

  • Level of study master academic studies
  • Subject status: elective
  • ECTS: 7
  • Semester: II
  • Number of classes: 3

Mastering basic economic concepts and methods of environmental valuation and economic mechanisms and instruments for implementing environmental protection.

Mastering the economic methods of environmental valuation.

Theoretical lectures

1- Economic methods of envoronmental valuation. Basic concepts, mechanisms and instruments.
2- Macroeconomic indicators of economic growth, economic development and sustainable development.
System of National Accounts: GNA (Green National Accounts) and GS (Genuine Savings).
3- Environmental market failures: externalities, public goods, common resources, incomplete information.
4- Economic instruments for environmental protection: I+M programs, instruments of fiscal policy (taxes, charges and subventions) and tradable permits system.
5- Feasibility studies and cost-benefit analysis.
6- The place and role of the environment in investment projects and cost-benefit analyzes.
7- Economic valuation approaches for environmental goods and services: Stated preference methods, Revealed preference methods and the Production function model.
8-CV (contigent valuation method)
9-CE (choice experiments method)
10-CR (contigent ranking method)
11-Hedonic pricing method
12- Travel costs method
13-DRM (dose-response models)
14-EFM (ecosystem function models)
15-The scope and limitations of different economic valuation approaches for environmental goods and services

Pearce, D. et al. 2002. Economic Valuation with Stated Preference Techniques. London: DTLR.

TSO. 2003. The Green Book: Appraisal and Evaluation. London: TSO.

HMSO. 2002. Tax and the Environment: Using Economic Instruments. London: HMSO.

Goodstein, E.S. 2003. Economics and environment. МАТЕ, Zagreb.

Jovanović, М. 2005. Interdependence of Urban Transport Strategy and Spatial Development of a Metropolis. Belgrade: Faculty of geography. (Chapter – The concept of Sustainable development, pp. 152-207).

Jovanović, M. 2007. The scope of I+M programs. Industry, 1/2, 25-36.

Jovanović, M. and Vračarević, B. (2012). Urban transport and environmental protection - the scope of economic measures. Glasnik Srpskog geografskog društva, 92(2), 91-111.

Jovanović, M. 2012. Kuznets curve and urban transport - the scope of I+M programs. Glasnik Srpskog geografskog društva, 92(4), 127-142.

Jovanović, M. 2010. Critical sustainability and energy consumption in urban transport. Glasnik Srpskog geografskog društva, 90(3), 153-170.

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