Economic Valuation of the Environment

(Course Code: 327KEY, Course outline)

Semester: 8 Teaching Credits:  3 ECTS Credits: 5 Type:


Prerequisite Courses:  – Course type: Special background Instructor: Antonis Skouloudis
  • Understanding and analysis of basic concepts of Economic Valuation of the Environment.
  • Development of skills for analyzing problems pertaining to natural resources, environmental goods and ecosystem services valuation
  • Understanding of economic science’s methodological approaches and analytical tools applied to the environment
Topics per Week:
  • Economy and the Environment: An introductory outline
  • Environmental problems and the role of economic science
  • Environmental valuation: Basic concepts (pt. 1)
  • Environmental valuation: Basic concepts (pt. 2)
  • Revealed preference methods (pt. 1)
  • Revealed preference methods (pt. 2)
  • Stated preference methods (pt. 1)
  • Stated preference methods (pt. 2)
  • Other approaches to environmental valuation and decision-making for the environment and development
  • Applications of economic valuation to critical environmental problems
  • Economic valuation of the environment: A critique
  • Economic valuation of the environment & environmental policy
  • Synopsis: Environmental valuation for sustainable development
Theory – Lectures
(hours / week)
Exercises – Laboratories
(hours / week)
Other Activities:
  • Assignments (30%)
  • Final Exam (70%)
Notes: PowerPoint presentations
Basic Textbook:
  • Economics of the natural resources and the environment, Sylvie Faucheux, Jean – François Noël, Gutenberg, ISBN: 978-960-01-1136-1 (in Greek).
  • Environmental and natural resource economics, Konstantinos Bithas, Research Institute of Urban Environment & Human Resources (UEHR), ISBN: 978-960-87384-5-4 (in Greek).

The course is taught in Greek. For exchange students, English literature is proposed and examinations are given in English.

Internet Links: