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Before choosing course

To introduce central macro- and micro economic concepts and tools applicable in sustainable development to students without economic knowledge background. To understand the basic principles in the neoclassical environmental economic theory and the transdisciplinary subject of Ecological Economics.

Course offering missing for current semester as well as for previous and coming semesters
* Retrieved from Course syllabus MJ2694 (Spring 2011–)

Content and learning outcomes

Course contents

In lectures and seminars central principles of economic thinking will be discussed and explained. Among others, price mechanism and market failures, incentives, capital stocks and resource maintenance, sustainable development and natural capital, consumption and the consumer society, GNP and welfare, scale, distribution and allocation, tragedy of the commons, benefit-cost analysis and discount rate, ecosystem services, ecological footprint, taxes and means of control in the environmental and sustainability area, globalisation and trade.

Intended learning outcomes

The student should be able to after concluding this course : 

  • Describe and explain the basic principles of macro- and microeconomics in relation to sustainable development and analyse strengths and limitations in these theories
  • Describe and explain the fundamental concepts and theories of neoclassical environmental economics and ecological economics and analyse strengths and limitations in these theories
  • Estimate cost-effectiveness of means of control in neoclassical environmental economics and other means of control in respect to cost-effectiveness and incentives for technological change
  • Describe possibilities in integrating sustainability criteria in economic decision-making

Course Disposition

No information inserted

Literature and preparations

Specific prerequisites

At least 150 academic credits in a program of engineering or natural science or course MJ1502 or MJ2511 or MJ2651 or MJ2652 or corresponding knowledge including documented proficiciency in english B or equivalent.

Recommended prerequisites

No information inserted

Equipment

No information inserted

Literature

Herman E. Daly and Joshua Farley. Ecological Economics: Principles and Applications. Island Press, 2004.

Examination and completion

If the course is discontinued, students may request to be examined during the following two academic years.

Grading scale

A, B, C, D, E, FX, F

Examination

  • SEM1 - Seminars, 2,5 hp, betygsskala: P, F
  • TEN1 - Examination, 2,5 hp, betygsskala: A, B, C, D, E, FX, F
  • ÖVN1 - Calculation Exercise, 1,0 hp, betygsskala: P, F

Based on recommendation from KTH’s coordinator for disabilities, the examiner will decide how to adapt an examination for students with documented disability.

The examiner may apply another examination format when re-examining individual students.

Opportunity to complete the requirements via supplementary examination

No information inserted

Opportunity to raise an approved grade via renewed examination

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Examiner

Profile picture Miguel Mendonca Reis Brandao

Ethical approach

  • All members of a group are responsible for the group's work.
  • In any assessment, every student shall honestly disclose any help received and sources used.
  • In an oral assessment, every student shall be able to present and answer questions about the entire assignment and solution.

Further information

Course web

Further information about the course can be found on the Course web at the link below. Information on the Course web will later be moved to this site.

Course web MJ2694

Offered by

ABE/Sustainability and Environmental Engineering

Main field of study

No information inserted

Education cycle

Second cycle

Add-on studies

No information inserted