Study programmes / B-AGE Agricultural Engineering / Economics of the Environment and Natural Resources
Course code:EKZPZ
Course title in language of instruction:Ekonomika ŽP a přírodních zdrojů
Course title in Czech:Ekonomika ŽP a přírodních zdrojů
Course title in English:Economics of the Environment and Natural Resources
Mode of completion and number of credits:Exam (5 credits)
(1 ECTS credit = 28 hours of workload)
Mode of delivery/Timetabled classes:full-time, 2/2
(full-time, hours of lectures per week / hours of seminars per week)
Language of instruction:Czech
Level of course:bachelor
Semester:SS 2020/2021 - FA
Name of lecturer:Ing. Simona Miškolci, Ph.D. (examiner, instructor, lecturer, supervisor, tutor)
Aims of the course:The whole course is designed to equip students with sufficient knowledge and analytical skills that are necessary to take into account the environmental impacts of human activities in the economic decision making at both macro and micro-economic levels, and the development and evaluation of public strategies on the environment. Students in the course learn the basic concepts, theoretical approaches and economic principles of the natural resources use and environmental protection. Understanding of the economic rules for natural resource management is based on the sustainability principles, and specific approaches integrating natural protection requirements.
Having completed the course, students are expected to be able:
• to analyse and shape the development strategies with respect of economic consequences, the natural protection requirements, and natural resource use optimisation;
• to reflect environmental anthropogenic impacts in the economic decision making process at the micro and macro-economic levels and public environmental policy evaluation.
• to integrate environmental policies into business strategy and management
Course contents:
1.Introduction to the study, definition of basic concepts, subject and methods of the study (allowance 1/1)
2.Economic system and the environment (allowance 1/1)
3.Economic growth and the environment - environmental limits (allowance 2/2)
4.Economic principles of sustainable development of society and their potential application in developing strategies (allowance 2/2)
5.Basic economic principles of the exploitation of natural resources (allowance 4/4)
6.Allocative function of market failure: causes and potential solutions for society (allowance 4/4)
7.Impact assessment of economic activity on the environment when deciding on the implementation of development projects (allowance 4/4)
8.Environmental and natural resource management tools (allowance 2/2)
9.Environmental policy - goals, principles, strategies, tools (allowance 4/4)

Learning outcomes and competences:
Generic competences:
-ability to analyse and synthesize
-ability to work in interdisciplinary team
-capacity to adapt to new situations
-ethical commitment
-quality concept awareness

Specific competences:
-Ability to reflect complex ecosystem functions in the economic decision making process at the micro and macro-economic levels
-Competencies for the design of policy solutions to environmental problems
-Knowledge of the economic rules for natural resource management based on the sustainability principles and natural protection requirements
-Skills to analyse and shape the rural development strategies in accordance with the requirements of resource efficiency and environmental protection

Type of course unit:required
Year of study:Not applicable - the subject could be chosen at anytime during the course of the programme.
Work placement:There is no compulsory work placement in the course unit.
Recommended study modules:none
Assessment methods:Oral examination; a credits are subjected to active participation in seminars and team work, individual preparation for seminars and case studies, paper presentation and short writing assignments, tests.
Two 100 minutes written tests (40% of the total seminar evaluation -- 10 points from partial test and 30 points from final test) during the block. You have to receive minimum 15 points from maxim 30 points from the final test to receive Credit. Test will be written 5th and 10th week of the semester. Participation on the second final written tests at aforementioned week is obligatory. You can receive 10 points from public presentation of case study solution, 20 points from the team work on the case study solution, 20 points from active participation in lectures and seminars and 10 points from individual seminar work (total 100 points from seminar work). For Credit it is necessary to have at least 50 points from tests and seminar work. Credit is compulsory for final exam participation.
Learning activities and study load (hours of study load)
Type of teaching methodDaily attendance
Direct teaching
     lecture24 h
     practice24 h
     consultation5 h
     public presentation (oral)2 h
     preparation for exam20 h
     preparation for regular assessment15 h
     preparation for regular testing15 h
     preparation of presentation15 h
     elaboration and execution of projects10 h
     writing of seminar paper10 h
Total140 h

Basic reading list
  • HODGE, I. Environmental Economics : Individual Incentives and Public Choices. 1st ed. Basingstoke: Macmillan Press, 1995. 12 p. ISBN 0-333-57771-X.
  • HANLEY, N. -- SHOGREN, J F. Environmental Economics in Theory and Practice. London: Macmillan Press, 1997. 15 p. ISBN 0-333-58236-5.
  • MOLDAN, B. et al. Ekonomické aspekty ochrany životního prostředí: situace v České republice. 307 p. ISBN 80-7184-434-9.
Recommended reading list
  • COMMON, M. -- STAGL, S. Ecological economics : an introduction. 1st ed. Cambridge: Cambridge University Press, 2005. 560 p. ISBN 0-521-01670-3.
  • MARKANDYA, A. et al. Environmental economics for sustainable growth: a handbook for practitioners. Cheltenham: Edward Elgar, 2002. 567 p. ISBN 1-84064-812-0.
  • HYRŠLOVÁ, J. Využití environmentálního manažerského účetnictví na podporu rozhodovacích procesů v podniku.  [online]. 2005. URL:$file/planeta7_web.pdf.
  • ŠAUER, P. et al. Environmental economics, policy and international environmental relations: focus on Visegrad Group Countries: papers presented at 5th seminar of postgraduate students, young scientists and researchers, September 30 - October 1, 2003. 1st ed. Prague: Nakladatelství a vydavatelství litomyšlského semináře, 2003. 178 p. ISBN 80-86709-02-7.