1. SUSTAINABILITY ECONOMICS – A SUMMARY OF A SHORT COURSE by Peter Bartelmus 1. INTRODUCTION AND OVERVIEW  Course objectives  What on earth is wrong? © P. Bartelmus, Bergische Universität Wuppertal, Germany. The course contains copyrighted material, which is intended for personal use or teaching purposes only.

2. 2. SCHOOLS OF ECO–NOMIC THOUGHT  Environment-economy interaction  Market and policy failure   Ecological vs. environmental economics History: from frontier economics to deep ecology © Arik Bartelmus

3. 3. SUSTAINABLE DEVELOPMENT: FIG LEAVE OR CORNUCOPIA  What is development?  What is sustainable development?  Operationalizing sustainable development SUSTAINABLE ECONOMIC GROWTH Economic growth with some environmental protection SUSTAINABLE DEVELOPMENT

4. 4. THE PHYSICAL BASE OF THE ECONOMY  Aggregation: from statistics via indicators to indices  Case study: climate change  Material flow accounts  Ecological sustainabilit y

5. 5. MONETARY VALUATION: COST-BENEFIT ANALYSIS AND GREENING THE NATIONAL ACCOUNTS  Cost-benefit analysis: damage values  The System for integrated Environmental and Economic Accounting: prices and costs  Indicators of environmental and economic sustainability: EDP, ECF

6. 7. PREDICTION WILL OUR ECONOMIES BE SUSTAINABLE? Environmental impact GDP p.c.  What are the limits to growth?  EKC hypothesis: will prosperity by good for the environment?