Environmental Economics: Applications in Mountain Regions’ Development Issues


Basic concepts of environmental economics. Introduction to neoclassical economic theory. The market mechanism and natural resources. Public and private goods. Private, external and social costs and benefits.
Economic values ​​of non-market goods and services. Values ​​of use (e.g. recreation, corrosion protection, biodiversity, etc.). Non-use values ​​ (e.g. intrinsic value and bequest value).
Methods of economic valuation of water resources. Immediate valuation methods: dependent valuation technique. Indirect valuation methods: travel cost technique, substitute purchasing techniques, avoidance, restoration and substitution cost techniques. Cost / benefit transfer methods. The basic stages of a research. Writing a questionnaire. Population definition. Determination of an appropriate statistical sample. Sampling techniques. Interview methods. Coding of answers. Edit results. Preparation of a final report. Statistical processing of results with SPSS software. Data input. Basic statistical processing. Creating tables - graphs. Statistical checks (relevance check, etc.). Econometric analysis: parametric and non-parametric assessment of willingness to pay. Implementation of research with the method of Dependent Evaluation or Travel Cost Analysis on a topic related to mountainous areas.

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