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The course starts with a repetition of elementary market pricing with an emphasis on private goods and a survey of methods for assessing utility articles without market prices.

The next component deals with how to economize with non-renewable reources, on the one hand, and renewable resources such as forest and fish, on the other. Causes of ineffectiveness in economizing with resources via the market system and measures to solve such problems are discussed. The concept of sustainable development is discussed and compared to the result of pure market economisation.

This is followed by discussions on pure environmental economic problems (or problems with detrimental external effects). The role of the state in correcting such problems and available means of control are treated. The various means are analysed in terms of advantages and disadvantages from a cost-effective perspective. Swedish environmental political means are analysed and evaluated. The course concludes with seminars in which students present their own analyses of environmental economic problems and how best (cost-effective) to solve them.

Progressive specialisation: G1F (has less than 60 credits in first‐cycle course/s as entry requirements)

Education level: Undergraduate level

Selection:

Selection is usually based on your grade point average from upper secondary school or the number of credit points from previous university studies, or both.

This course is included in the following programme

• Programme in Business and Economics (studied during year 3)
• Master Programme in Economics: Master (studied during year 1)
• Political Science (studied during year 3)