Environmental Economics

The American University of Rome

Course Description

  • Course Name

    Environmental Economics

  • Host University

    The American University of Rome

  • Location

    Rome, Italy

  • Area of Study


  • Language Level

    Taught In English

  • Prerequisites

    Principles of Macroeconomics or Principles of Microeconomics

  • Course Level Recommendations


    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • Credits

  • Recommended U.S. Semester Credits
  • Recommended U.S. Quarter Units
  • Overview

    The course concentrates on the main challenges posed by economic development and growth to our environment. Students will learn both market‐based and institutional‐based responses to environmental problems. Case studies will be extensively used to evaluate alternative policies to sustainability.  

    In the first part of the course, students will learn market‐based approaches to environmental problems through a number of case studies showing why markets fail to produce environmentally sustainable economies. Students will learn to evaluate different approaches to manage global commons, with an introduction to cost‐benefit analysis and its limitations.

    The second part of the course concentrates, instead, on macroeconomic approaches to environmental problems. Students will learn about the green GDP; transition models to green economies; problems and solutions posed by population growth, agriculture, fisheries and forests, water management and international trade.

Course Disclaimer

Courses and course hours of instruction are subject to change.

Eligibility for courses may be subject to a placement exam and/or pre-requisites.

Some courses may require additional fees.

Availability of courses is based on enrollment numbers. All students should seek pre-approval for alternate courses in the event of last minute class cancellations


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