Economy, Regulation and Markets

The goal of this course is to enable students to deeper understanding of the fundamentals and tools of the
economic approach of the interactions between the environmental and the economic system, and enable them
to understand also the potential and limitations of environmental economics and markets regulation.
In this course the students shall:
- acquire the ability to integrate the economic approach with other approaches to identify, formulate, analyze
and solve/mitigate environmental problems ;
-develop skills , namely to: a) identify the economic causes of environmental problems; b ) design, implement
and evaluate environmental policy instruments; c ) understand, analyze and develop mechanisms for the
regulation of markets (e.g. energy, water services);
-develop skills to be autonomous in the research and analysis of information;
-to provide the students a contact with the main themes and new research in the frontier of knowledge in
environmental economics and regulation of markets.


The syllabus will include the following topics:
- The Economy, the environment and climate change;
- The functioning of markets: equilibrium and efficiency;
- Market failures and the need for public policies and market regulation;
- Environmental policy instruments;
- Cost-benefit analysis;
- Sustainability assessment.
The contents of this course can vary for some modules, depending on the students background and their
research interests.
Each year one or two researchers from other institutions in R & D, national and / or international, or key actors
in the area, will be invited to present new research topics and / or discuss the potential contribution of the
approach presented in this course for problem solving and the design of public policies in the area of PDACPDS.