Course Title Code Semester L+P Hour Credits ECTS
Environmental Economics * CMZ   323 5 3 3 3

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
Prof. Dr.FUAT BUDAK1. Öğretim Grup:A
Prof. Dr.FUAT BUDAK2. Öğretim Grup:A
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.
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

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

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

Recommended or Required Reading
Additional Resources