ELD CAMPUS

Module: Environmental economics and ecosystem services valuation - the rationale behind

Learning objectives: 

  • Understand the Gross Domestic Product as the prime development indicator and the invisibility natural, social and human capital within national accounting systems
  • Be able to distinguish between natural capital stocks and flows and ecosystem services
  • Understand the role of natural capital for production and well-being
  • Be able to understand and possibly discuss trade-offs between the use of different ecosystem services
  • Understand the terms market failures and externalities, especially related to terrestrial land uses
  • Be aware of studies on the economic losses due to land degradation
  • Know economic assessment methods related to natural capital, e.g. natural capital accounting and cost-benefit analysis
  • Understand the viewpoints of different stakeholder groups on natural capital and have some basic knowledge on options for integrating ecosystems services into policies and planning

Contents:

  • Value, wealth and wellbeing - What is the role of nature in economies?
  • Terrestrial national capital- environmental goods and services from land
  • Hidden benefits or costs (externalities) of land use
  • Typical (economic) assessments related to land use
    • Natural capital accounting and assessment
    • Cost-benefit analysis
  • The perspective of different stakeholders on natural capital
  • Options for integration of ecosystem services into policies and planning

Estimated duration of the lecture: 

30 minutes

Estimated time for further studies:

1-4 hours, depending on the level of previous knowledge and interests

RESOURCES

  • Lecture: Environmental economics and ecosystem services valuation - the rationale behind

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