Open to all students of the University of Helsinki and exchange students.
Intermediate microeconomics, basic econometrics
E.g. Cost-benefit analysis AGERE-002 and ecological-economic modelling courses support the further development of the competence provided.
Learning aims are: 1) to identify environmental benefits, 2) to explain the theoretical framework of economic valuation of environmental benefits, 3) to apply non-market valuation methods and 4) to do basic data analysis. In addition, 5) to work in a multidisciplinary/multicultural team.
Period II, recommended during the first or second year of Master studies. Even years starting 2018: Contact teaching. Odd years starting 2019: No contact teaching, exam.
Theoretical basis of economic valuation of environmental benefits, non-market valuation methods, analysis of empirical valuation data (only even years when contact teaching).
Even years: The methods of completion include the pre-test (independent work), the preparation tasks for contact lectures (independent work), group assignments on data analysis and recent scientific articles, evaluation of group work, course feedback, and participating in interactive activities (e.g. discussions and exercises) during lectures. The attendance of 80% is required. Odd years: exam.
1) Textbook: Champ, Boyle & Brown (2017) A Primer on Nonmarket Valuation. 2nd edition. Available as e-book via https://helka.finna.fi/Search/Advanced
2) Other material: peer-reviewed articles, data sets and other material in Moodle.
Even years: The course follows the flipped learning approach. The learning assignments (individual work) based on peer-reviewed articles or textbook chapters, or exercises (group-work) are to be submitted before the contact teaching. The contact teaching consists of theory lectures, exercises, case study presentations, data analysis (group work), and seminars (group work) on recent scientific literature. Odd years: course book.
Grading 1-5. Even years: The assessment is based on pre-test and other independent work (50%) and group exercises (50%). Course feedback and evaluation of group work are also required for grading. Odd years: Exam (100%).
Even years: Contact teaching (4 hours a week) includes lectures, exercises, and seminars. Other work includes learning assignments and group work. Odd years: exam based on course book.
Replaces the former course 83049 YLE22.3 Valuation of environmental benefits 4 cr.