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Course Description Course Name : Environmental Economics Course Code : CEV315 Course Type : Compulsory Level of Course : First Cycle Year of Study : 3 Course Semester : Fall (16 Weeks) ECTS : 4 Name of Lecturer(s) : Prof.Dr. FUAT BUDAK Learning Outcomes of the Course : 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 mechanisms for dealing with environmental issues Mode of Delivery : Face-to-Face Prerequisites and Co-Prerequisites : None Recommended Optional Programme Components : None Aim(s) of Course : 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. Course Contents : 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. Language of Instruction : Turkish Work Place : Classrooms in department of Environmetal Engineering building   Course Outline /Schedule (Weekly) Planned Learning Activities Week Subject Student's Preliminary Work Learning Activities and Teaching Methods 1 Introduction to Environmental Economics Presentation, discussion 2 Economy and Environment, Material Balance model Presentation, discussion 3 Market and Price Theory Presentation, discussion 4 Theory of consumer behavior Presentation, discussion 5 Theory of producer behavior Presentation, discussion 6 Market failure and Externalities Presentation, discussion 7 Economics of Environmental Quality, Environmental Damage Function Presentation, discussion 8 Midterm exam Test 9 Environmental Abatement Cost, Efficient Level of Emissions Presentation, discussion 10 Cost Benefit Analysis Presentation, discussion 11 Environmental valuation methods Presentation, discussion 12 Environmental Policy Analysis Presentation, discussion 13 Command-and-Control Strategies: the Case of Standards Presentation, discussion 14 Market Based Strategies: Emission Tax and Subsidies Presentation, discussion 15 Market Based Strategies: Tradable permits Presentation, discussion 16/17 Final exam Test   Required Course Resources Resource Type Resource Name Recommended Course Material(s)  Lecture notes  Field, Barry C; Martha, Field K. 2009. Environmental Economics: An Introduction. 5e, McGraw-Hill Higher Education.  Dinler, Zeynel. 2005. Introduction to Economics. 11. edition. Ekin Kitapevi. Bursa.  Tom Tietenberg, Lynne Lewis, 2010. Environmental Economics and Policy, Sixth Edition, Prentice Hall.  Perman, R., Ma, Y., McGilvray, J. and Common, M., 2003. Natural Resource and Environmental Economics. 3rd edition, Addison Wesley Longman. Required Course Material(s)   Assessment Methods and Assessment Criteria Semester/Year Assessments Number Contribution Percentage     Mid-term Exams (Written, Oral, etc.) 1 100     Homeworks/Projects/Others 0 0 Total 100 Rate of Semester/Year Assessments to Success 40   Final Assessments 100 Rate of Final Assessments to Success 60 Total 100   Contribution of the Course to Key Learning Outcomes # Key Learning Outcome Contribution* 1 Becomes equipped with adequate knowledge in mathematics, science, environment and engineering sciences 4 2 Becomes able to apply theoretical knowledge in mathematics, science, environment and engineering sciences 4 3 Determines, describes, formulates and gains capabilities in solving engineering problems 3 4 Analyzes a system, components of the system or process, gains the designing capabilities of the system under the real restrictive conditions. 4 5 Chooses ans uses the ability to apply modern tools and design technics, suitable analytical methods, modeling technics for the engineering applications 4 6 Designs and performs experiments, data collection, has the ability of analyzing results 1 7 Works individually and in inter-disciplinary teams effectively 1 8 Becomes able to reach knowledge and for this purpose does literature research and to uses data base and other information sources 3 9 Becomes aware of the necessity of lifelong learning and continuously self renewal 4 10 Capable of effective oral and written skills in at least one foreign language for technical or non-technical use 3 11 Effective use of Information and communication technologies 3 12 Professional and ethical responsibility 3 13 Project management, workplace practices, environmental and occupational safety; awareness about the legal implications of engineering applications 3 14 Becomes aware of universal and social effects of engineering solutions and applications, entrepreneurship and innovation and to have idea of contemporary issues 5 15 Defines necessities in learning in scientific, social, cultural and artistic areas and improves himself/herself accordingly. 4 * Contribution levels are between 0 (not) and 5 (maximum).   Student Workload - ECTS Works Number Time (Hour) Total Workload (Hour) Course Related Works     Class Time (Exam weeks are excluded) 14 3 42     Out of Class Study (Preliminary Work, Practice) 14 2 28 Assesment Related Works     Homeworks, Projects, Others 0 0 0     Mid-term Exams (Written, Oral, etc.) 1 8 8     Final Exam 1 12 12 Total Workload: 90 Total Workload / 25 (h): 3.6 ECTS Credit: 4