Environmental Economics and Markets

FOR15 Environmental Economics and Markets

Autumn 2023

  • Topics

    This course in environmental economics if focused on the needs of the firm. It includes how economic tools can be used to assess environmental priorities, and in consequence how the firm can navigate these and is affected. It also places in context how the firm's markets are affected by environmental problems and environmental policies, directly and indirectly.

    This course uses techniques from economics to analyse environmental policy questions. A more advanced course more specialized towards international problems is given at the master level (ENE423 Economics of the Environment and Climate).

  • Learning outcome


    Upon successful completion, the student has

    • Aquired knowledge relating environmental problems to the firm and its decisions


    Upon successful completion, the student

    • Can use the idea of market failure and how it is corrected, to focus on the firm in its self-interest
    • Is able to analyse the role of a broader societal interest in the firm, its owners and other stakeholders
    • is able to analyse how the firm and its stakeholders are likely to engage in dialogue on policy
    • Knows the basic methodological challenges and methods used in prioritizing environmental problems and protection
    • Understand the institutions and political economy of environmental issues, including the basic notions of property rights and liability

    General Competence:

    Upon successful completion, the student is able

    • to use these concepts and techniques in an applied setting and to communicate insights and results;
    • to analyse an environmental management issue in the light stakeholder interests, institutions, and their evolution.

  • Teaching

    The course is about twenty lectures, a home assignment and a home exam (term paper).

  • Recommended prerequisites

    Some facility in economic analysis is advisable, but it will also be taught.

  • Credit reduction due to overlap


  • Compulsory Activity

    Home assignment must be approved.

  • Assessment

    Individual term paper. The students will work on the term paper for 20 days, starting in Week 13

    FOR15 har ikke vurdering i det undervisningsfrie semesteret. Fra og med høsten 2023 blir hovedregelen for bacheloremner at kun obligatoriske emner med individuell vurdering vil ha vurdering i det undervisningsfrie semesteret. Dette gjelder kun for studenter med gyldige arbeidskrav. Hvilke gjentaksmuligheter som gjelder til enhver tid blir vedtatt av programleder og publisert i emnebeskrivelsen.

  • Grading Scale

    A - F

  • Literature

    Will be provided, parts of Kolstad's book Environmental Economics.


ECTS Credits
Teaching language

Spring. Offered Spring 2023.

Course responsible

Professor Gunnar S. Eskeland, Department of Business and Management Science.