Agricultural
University of Athens
Department of Regional
& Economic Development

[6526] Economics of Natural Resources

Course Content

Theoretical foundation of the economics of natural resources. Environmental thinking in economics. Economic growth and income inequalities. Economic growth rate and impact on income level. Prosperity and environment. Economic approach. Private and public goods. Other forms of goods. The main financial problems. Analysis of the production possibilities curve. Market failure. The role of the Government. Reasons for market failure. Imperfect information. Monopolies. Public goods. Externalities or external burdens or external savings. Extensive analysis of the excellent pollution level. The Pareto optimal level of pollution. Correcting inefficiencies. The Pareto efficient provision of a public good. Environmental policy measures. Alternative energy sources. Energy problems from the use of conventional fuels. Climate change. Consequences on the economy and the quality of natural resources. Long-term evolution of international sustainability goals

Learning results

The learning outcomes of the course are:

Develop critical thinking, analyze economic indicators and formulate proposals for the management of the natural environment.

To analyze environmental policy issues that focus their interest on the sustainable management of natural resources.

To analyze and evaluate the possibilities of exploiting natural resources for the development of sustainable economic activity.

Bibliography

Βασικά διδακτικά εγχειρίδια:

  • Χάλκος Γεώργιος. Οικονομική Φυσικών Πόρων και Περιβάλλοντος (2η Έκδοση). Εκδόσεις Δίσιγμα. 2021.
  • Menegaki, A.N. (2021). A guide to econometrics for the energy-growth nexus, Book in Elsevier, [https://www.elsevier.com/books/a-guide-to-econometric-methods-for-the-energy-growth-nexus/menegaki/978-0-12-819039-5]
  • Melgar-Melgar, R.E, and Hall, C.A.S. (2020). Why ecological economics needs to return to its roots: The biophysical foundation of socio-economic systems. Ecological Economics, 169, 106567. https://doi.org/10.1016/j.ecolecon.2019.106567

Menegaki, A.N, and Tugcu, C.T. (2018). Two versions of the Index of Sustainable Economic Welfare (ISEW) in the energy-growth nexus for selected Asian countries.

Educational Staff

Anna Tzavali

2265072268
annatzavali@aua.gr
Dr. Anna Tzavali holds a Bachelor's Degree (BSc) in Business Administration from […]

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Incorporated into the Agricultural University of Athens (AUA), Law 4589 - Government Gazette 13/A/29.01.2019. Originally it belonged to the School of Management and Economics of the former Technical University of Central Greece. 
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