Umweltökonomie (Madlener, V2/Ü2, SS, economics competency, environmental competency)

Given the many still unresolved or emerging environmental problems and thus resulting eco-political challenges, environmental economics plays an important role in the 21st century. Examples of recent eco-political regulations are the introduction of European trade with CO2 emission certificates or the ecological tax reform introduced in Germany. The optimal design of such schemes and their application to other markets, which require regulation, is crucial for the efficient achievement of the targeted environmental objectives and an efficient allocation of resources. Environmental economics makes a significant contribution to the understanding and thus the acceptance of environmental policies and provides the basis for an explicit consideration of the costs and benefit aspects of environmental protection from an economic and a business perspective. This course provides an in-depth understanding of various environmental problems in economic terms and addresses the key environmental policy instruments with regard to practice-oriented frameworks.