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.
MJ2696 Ecological Economics, advanced course 6.0 credits
This course has been discontinued.
Last planned examination: Spring 2021
Decision to discontinue this course:
No information inserted
Course offerings are missing for current or upcoming semesters.
Headings with content from the Course syllabus MJ2696 (Autumn 2012–) are denoted with an asterisk ( )
Content and learning outcomes
Course contents
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
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 - Seminar, 3.0 credits, grading scale: P, F
- TEN1 - Examination, 3.0 credits, grading scale: A, B, C, D, E, FX, 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
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Opportunity to raise an approved grade via renewed examination
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Examiner
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 room in Canvas
Registered students find further information about the implementation of the course in the course room in Canvas. A link to the course room can be found under the tab Studies in the Personal menu at the start of the course.
Offered by
Main field of study
Environmental Engineering, Mechanical Engineering
Education cycle
Second cycle
Add-on studies
No information inserted