COURSE INFORMATON
Course Title Code Semester L+P Hour Credits ECTS
Environmental Economy CMZ   315 5 3 3 4

Prerequisites and co-requisites -
Recommended Optional Programme Components None

Language of Instruction Turkish
Course Level First Cycle Programmes (Bachelor's Degree)
Course Type
Course Coordinator Prof. Dr. Fuat BUDAK
Instructors
Prof. Dr.FUAT BUDAK1. Öğretim Grup:A
Prof. Dr.FUAT BUDAK2. Öğretim Grup:A
 
Assistants
Goals
The course aims to provide students with a detailed understanding of how the basic tools of economic analysis are used to identify sources of environmental problems and design environmental policy instruments within the context of a market based economic system.
Content
Economy and Environment, Supply and Demand, Economic Efficiency and Markets, Market Failure, Externalities, Economics of Environmental Quality, Command-and-Control Strategies: the Case of Standards, Market Based Strategies: Emission Tax and tradable emission permits.

Learning Outcomes
1) Understand the relationship between environmental issues and economic growth Define and explain market and economc theory Define and explain market failure and externalities Understand the economics of environmental quality Compare non-market and market m


Course's Contribution To Program
NoProgram Learning OutcomesContribution
12345
1
Becomes equipped with adequate knowledge in mathematics, science, environment and engineering sciences
2
Becomes able to apply theoretical knowledge in mathematics, science, environment and engineering sciences
3
Determines, describes, formulates and gains capabilities in solving engineering problems
4
 Analyzes a system, components of the system or process, gains the designing capabilities of the system under the real restrictive conditions.
X
5
Chooses ans uses the ability to apply modern tools and design technics, suitable analytical methods, modeling technics for the engineering applications
X
6
 Designs and performs experiments, data collection, has the ability of analyzing results
7
Works individually and in inter-disciplinary teams effectively
8
Becomes able to reach knowledge and for this purpose does literature research and to uses data base and other information sources
X
9
 Becomes aware of the necessity of lifelong learning and continuously self renewal 
X
10
Capable of effective oral and written skills in at least one foreign language for technical or non-technical use
X
11
 Effective use of Information and communication technologies
12
 Defines necessities in learning in scientific, social, cultural and artistic areas and improves himself/herself accordingly. 
X
13
 Professional and ethical responsibility
14
 Project management, workplace practices, environmental and occupational safety; awareness about the legal implications of engineering applications
X
15
 Becomes aware of universal and social effects of engineering solutions and applications, entrepreneurship and innovation and to have idea of contemporary issues
X

Course Content
WeekTopicsStudy Materials _ocw_rs_drs_yontem
1 Introduction to Environmental Economics Discussion
2 Economy and Environment, Material Balance model Discussion
3 Market and Price Theory Discussion
4 Theory of consumer behavior Discussion
5 Theory of producer behavior Discussion
6 Market failure and Externalities Discussion
7 Economics of Environmental Quality, Environmental Damage Function Discussion
8 Midterm exam
9 Environmental Abatement Cost, Efficient Level of Emissions Discussion
10 Cost Benefit Analysis Discussion
11 Environmental valuation methods Discussion
12 Environmental Policy Analysis Discussion
13 Command-and-Control Strategies: the Case of Standards Discussion
14 Market Based Strategies: Emission Tax and Subsidies Discussion
15 Market Based Strategies: Tradable permits Discussion
16-17 Final exam

Recommended or Required Reading
Textbook
Additional Resources