1. Page 1 Environmental Economics Real Economy: ”The part of the economy that is concerned with actually producing goods and services, as opposed to the part of the economy that is concerned with buying and selling on the financial markets” (Financial Times Lexicon)...but can you produce or consume without inputs from the ENVIRONMENT or without disposing of waste into the ENVIRONMENT?...of course NOT...Environmental Economics deals with the main “real economy” problems and trade offs in the 21st century

2. Page 2 (Not at all exhaustive) list of topics Climate Change Emissions Trading, Renewable Energy and EU Climate Policy Eco Innovation Shale gases Waste (and crime) Euronews.com

3. Page 3 Main topics of the course  Property rights, externalities and environmental problems  Environmental pollution: -Pollution control: targets -Pollution control: instruments  The efficient and optimal use of natural resources -Optimal resource extraction: non-renewable resources -Renewable resources  Reducing the impact of human activities: the case of waste  Environment and Economic Growth (seminars by Prof. D’Amato) Assessment Method: Written examination