The course presents the fundamental basis of welfare economics and choice theory, analyzing in details the following main topics:
- Risk, Uncertainty, Irreversibility, Precautionary Principle
- Risk Assessment, Risk Management
- Real Option
- Methods for valuing projects: economics and non economics approaches
- Environmental resources and economic valuation: total value, externalities and
sustainability
- Multi criteria analysis and costs benefits analysis
- Intertemporal choices, discounty and uncertainty
- The main techniques of environmental economic valuation: direct and indirect
methods
- Stated and Revealed Preference Methods: advantages and disadvantages
- Differences between travel cost and hedonic methods
- The contingent valuation method: potential and limits of its applications
- The contingent valuation method: a case study
- New prospective in environmental economic valuation