Information Package / Course Catalogue
| Course Code | : MLY429 |
| Course Type | : Area Elective |
| Couse Group | : First Cycle (Bachelor's Degree) |
| Education Language | : Turkish |
| Work Placement | : N/A |
| Theory | : 3 |
| Prt. | : 0 |
| Credit | : 3 |
| Lab | : 0 |
| ECTS | : 5 |
This course aims to introduce the fundamental concepts of natural resource and environmental economics from a public finance perspective. Students will learn to analyze the intertemporal allocation of renewable and non-renewable resources, externalities, public goods, environmental valuation methods, and policy instruments for environmental management. The course develops an understanding of the economic foundations of environmental problems and the rationale for government intervention.
The course covers resource allocation, the Hotelling rule, management of renewable and non-renewable resources, taxation of resource rents, externalities, Pigouvian taxation, the Coase approach, tradable permits, public goods, and environmental valuation methods. The economic and fiscal dimensions of environmental policy are examined through theoretical analysis and numerical applications.
| 1. | Analyze renewable and non-renewable natural resources and explain their optimal intertemporal allocation. |
| 2. | Identify environmental externalities, public goods, and market failures and evaluate their economic consequences. |
| 3. | Compare environmental policy instruments, including Pigouvian taxes, tradable permits, and property-rights-based approaches, from efficiency and public finance perspectives. |
| 4. | Apply and interpret basic environmental valuation methods used to estimate the economic value of natural resources and environmental quality. |
| 5. | Evaluate government interventions in natural resource management and environmental policy using theoretical models, graphical analysis, and numerical applications. |
| 1. | Tietenberg, T., & Lewis, L. (2023). Environmental and natural resource economics (12th ed.). Routledge. |
| 2. | Field, B. C., & Field, M. K. (2021). Environmental economics: An introduction (8th ed.). McGraw-Hill Education. |
| 3. | Gruber, J. (2022). Public finance and public policy (7th ed.). Worth Publishers. |
| 4. | Perman, R., Ma, Y., Common, M., Maddison, D., & McGilvray, J. (2011). Natural resource and environmental economics (4th ed.). Pearson Education. |
| 5. | Kolstad, C. D. (2011). Intermediate environmental economics (2nd ed.). Oxford University Press. |
| Type of Assessment | Count | Percent |
|---|---|---|
| Attending Lectures | 10 | %10 |
| Assignment | 1 | %20 |
| Term Assignment | 1 | %20 |
| Final Examination | 1 | %50 |
| Activities | Count | Preparation | Time | Total Work Load (hours) |
|---|---|---|---|---|
| Lecture - Theory | 14 | 0 | 3 | 42 |
| Assignment | 1 | 0 | 20 | 20 |
| Term Project | 1 | 0 | 20 | 20 |
| Reading | 14 | 0 | 2 | 28 |
| Final Examination | 1 | 0 | 20 | 20 |
| TOTAL WORKLOAD (hours) | 130 | |||
PÇ-1 | PÇ-2 | PÇ-3 | PÇ-4 | PÇ-5 | PÇ-6 | PÇ-7 | PÇ-8 | PÇ-9 | PÇ-10 | |
OÇ-1 | 5 | 5 | 2 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
OÇ-2 | 4 | 5 | 2 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
OÇ-3 | 3 | 5 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 |
OÇ-4 | 4 | 5 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
OÇ-5 | 4 | 5 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 |