1223-HS2025-0-Environmental Economics: Introduction





Root number 1223
Semester HS2025
Type of course Lecture
Allocation to subject Economics
Type of exam not defined
Title Environmental Economics: Introduction
Description *** IMPORTANT ***
For the most updated administrative course information (date changes, room changes etc) please always refer to the KSL page only and not to the Info page in ILIAS – the ILIAS infopage will not be updated!




The course provides a theoretical introduction to the field of environmental economics. The course is an elective course either attributable for a Bachelor’s degree in Economics or a Master’s degree in Climate Sciences. Teaching language is English. In the course, we first learn why externalities caused by the unintended joint outputs of production induce perfectly competitive markets to allocate the inputs of production inefficiently and explore the relationship between externalities and the absence of well defined property rights. We then discuss how price and quantity based regulations can overcome these inefficiencies. Finally, we explore the limitations of these instruments in particular regulatory environments, such as international environmental regulation, and apply our knowledge to current environmental issues such as international trade, anthropogenic climate change and the possibility of green growth.

Relevance to "Sustainable Development": The course gives a short introduction to environmental ethics and the Brundtland definition to Sustainable Development and its implications. In addition, the course also provides a general discussion of environmental problems and regulatory instruments from an economic theory perspective.

Language: English

Credits: 3 SWS / 4.5 ECTS

Evaluation: written exam (closed book) in English

This course can also be attended by master and PhD students of the Graduate School of Climate Sciences.


Lecture: Tuesday, 08.15 -10.00 h, tba
Exercises with assistant tba
excercises bi-weekly

1st exam: Tuesday, December 16, 2025, 08.15 - 09.45 h, tba
2nd exam: Tuesday, February 10, 2026, 08.15- 09.45 h, tba
ILIAS-Link (Learning resource for course) No registration/deregistration in CTS (Admission in ILIAS possible). ILIAS
Link to another web site
Lecturers Prof. Dr. Ralph WinklerDepartment of Economics 
ECTS 4.5
Recognition as optional course possible Yes
Grading 1 to 6
 
Dates Tuesday 08:15-10:00 Weekly
Tuesday 10/2/2026 08:15-09:45
 
Rooms
 
Students please consult the detailed view for complete information on dates, rooms and planned podcasts.