ENVIRONMENTAL AND TERRITORIAL ECONOMY
Module ENVIRONMENTAL ECONOMICS

Academic Year 2025/2026 - Teacher: GIUSEPPE DI VITA

Expected Learning Outcomes

Provide the knowledge for understanding the relationship between the economic system and environmental resources, the principles and tools of economic policy useful for generating an improvement in social well-being in line with the needs of sustainable development.

In terms of learning, the achievable results can be summarized as follows:

Knowledge and understanding - ability to acquire useful knowledge to understand the interrelationships between economic development and the environment and aspects of an economic, social and environmental nature

Ability to apply knowledge and understanding - the study and analysis of the basic elements of economic tools useful for promoting interventions compatible with sustainable development allow us to understand their applicability with reference to diversified environmental conditions

Autonomy of judgment - the assimilation of the contents of the discipline stimulates awareness of the diversification of territorial contexts and of the need to operate objectively and transparently to achieve a real improvement in social well-being

Communication skills - ability to understand, illustrate and argue with appropriate mastery of language and basic content on environmental economics issues

Learning skills - Acquisition of useful basic knowledge that can be used in the world of work within the scope of the course of study attended and to access higher education levels

Course Structure

Principles of general economics; The environment and the economic system; Environmental externalities; The tools for regulating externalities; International, community and national environmental policies; Criteria for the use of renewable and non-renewable resources; Economics and politics of climate change; Principles and models of territorial organization.

As a guarantee of equal opportunities and in compliance with current laws, interested students can ask for a personal interview in order to plan any compensatory and/or dispensatory measures, based on their specific needs and on teaching objectives of the discipline. It is also possible to ask the departmental contacts of CInAP (Center for Active and Participatory Integration - Services for Disabilities and/or DSAs).

Required Prerequisites

No prerequisite is required

Attendance of Lessons

Attendance to the course is not compulsory, however it is strongly recommended as it facilitates the learning process.

Detailed Course Content

  • Principles of general economics and the emergence of environmental economics (Chapter 1 Acemoglu, Laibson, materials provided by the instructor).
  • Interdependencies between the economic system and the environmental system: evolution of economic thought (introduction from Turner).
  • Principles of microeconomics: The demand function. Individual and aggregate demand. Willingness to pay and consumer surplus. The supply function. Individual and aggregate supply. Willingness to pay and producer surplus. The formation of equilibrium price (Chapters 4 and 5 Acemoglu, Laibson, List, and materials provided by the instructor).
  • Extended economics: material balance and environmental externalities (Chapter 1 Turner).
  • Environment and ethics, economic growth, and sustainable development (Chapters 2-3-4 Turner).
  • Review of microeconomics on revenues, costs, profits, and benefits (Chapter 6 Acemoglu, Laibson, List, and materials provided by the instructor).
  • Market functioning and causes of their failure (Chapter 5 Turner).
  • Market reliance (Chapter 10 Turner).
  • Cost-benefit analysis (Chapter 7 Turner).
  • Conferences and international agreements (materials provided by the instructor).
  • EU Environmental Policy. Origin and evolution: institutions, strategies, objectives, and main tools and indicators of environmental policies in the European Union (materials provided by the instructor).
  • The institution of taxes for environmental use (Chapter 11 Turner).
  • Ecological taxes (Chapter 12 Turner).
  • Environmental permit trading (Chapter 13 Turner).
  • Setting environmental standards (Chapter 14 Turner).
  • Circular economy (materials provided by the instructor).
  • Green Economy and the European Union's New Green Deal (materials provided by the instructor).
  • Overview of renewable and non-renewable resources (Chapters 15-16 from the textbook).

Contributo dell’insegnamento agli obiettivi dell’Agenda 2030 per lo Sviluppo Sostenibile”.

Textbook Information

  • Turner R.K., Pearce D.W., Bateman I., Economia ambientale, Il Mulino, Bologna, 2003.
  • D. Acemoglu, D. Laibson, J. A. List, Microeconomia. Teoria ed evidenza Empirica, Pearson 2017

Course Planning

 SubjectsText References
1Course IntroductionIntoroduction Turner
2The extended economyChapter 1 Turner
3Environment and ethicsChapter 2 Turner
4Economic growth, population growth and the environment. The environmental Kuznets curveChapter 2 Turner and documents provided by the teacher
5Lo sviluppo sostenibile e gli indicatori di sostenibilità ambientaleChapter 2 Turner and documents provided by the teacher
6Strumenti di supporto alle decisioni: cenni sull’Analisi Costi-BeneficiChapter 6 and 7
7Rischio e incertezzaChapter 8
8International conferences and agreements for the transnational protection of the environmentProvided by the teacher
9The Sustainable Development Goals of the United Nations and the state of implementation in ItalyProvided by the teacher
10Circular economy, bioeconomy and efficient use of resourcesProvided by the teacher
11The green economy and sustainable financeProvided by the teacher
12Environmental policies and the institutions. International, European and national agenciesProvided by the teacher
13Le imposte ecologicheChapter 12
14I permessi negoziabiliChapter 13
15I meccanismi basati sugli strumenti normativi: gli standard ambientaliChapter 11
16Energia, ambiente, clima e territorio: le risorse rinnovabiliProvided by the teacher

Learning Assessment

Learning Assessment Procedures

Verification of learning takes place through an oral interview. 

The evaluation of the student's preparation will take place on the basis of the following criteria: learning ability and level of depth of the topics covered, properties of synthesis and exposition, and the student's ability to reason.

The vote follows the following scheme:

Unsuitable

Knowledge and understanding of the topic: Important shortcomings. Significant inaccuracies

Ability to analyze and synthesize: Irrelevant. Frequent generalizations. Inability to synthesize

Use of references: Completely inappropriate

18-20

Knowledge and understanding of the topic: At the threshold level. Obvious imperfections

Analysis and synthesis skills: Just enough skills

Use of references: As appropriate

21-23

Knowledge and understanding of the topic: Routine knowledge Analysis and synthesis skills: It is capable of correct analysis and synthesis. Argue logically and consistently

Using references: Use standard references

24-26

Knowledge and understanding of the topic: Good knowledge

Analysis and synthesis skills: Has good analysis and synthesis skills. The arguments are expressed consistently

Using references: Use standard references

27-29

Knowledge and understanding of the topic: Knowledge more than good

Ability to analyze and synthesize: He has considerable abilities of analysis and synthesis

Use of references: Has explored the topics

30-30L

Knowledge and understanding of the topic: Excellent knowledge

Ability to analyze and synthesize: He has considerable abilities of analysis and synthesis.

Use of references: Important insights.

Examples of frequently asked questions and / or exercises

  • What is sustainable development? 
  • What are the main international conferences and conventions on environmental protection?
  • What are environmental externalities?
  • What does the Coase Theorem state?
  • Why and how does the public operator protect and improve the environment?
  • What are environmental standards and taxes and how do they work?
  • What are the strategies to combat climate change?
  • Principles and strategies of the European Union's environmental policy