PSIA, Master in International Economic Policy
Course validation : Continuous assessment ; mid-term written assignment (maximum 1,000 words) : 50% of total grade ; ﬁnal take-home exam : 50% of total grade. Workload : Twenty-four hours of lectures, which set out the key theoretical ideas of environmental economics, and discuss relevant empirical research and policy applications. Students are expected to supplement the lectures by reading a range of relevant literature, including selected book chapters, policy papers and academic journal articles. Pedagogical method : The course assumes no prior knowledge of economics, and will be taught in a non-technical style, without the use of formal mathematics. The aim is to introduce students to the key concepts and ideas in environmental economics, so that they can understand economists' contributions to policy debates, and the strengths and weaknesses of the economic approach to environmental policy. Course Description : Economics provides a framework for thinking about environmental policy choices, and some distinctive insights what have had a major inﬂuence on policy in recent years. This course provides an overview of the economic approach to key environmental policy issues, including air pollution, climate change, and biodiversity, and an assessment of the merits of different policy interventions, comparing conventional regulation and market mechanisms such as emissions trading and taxation. Policy case studies examine in detail the experience of some recent policy innovations, and the contribution that economics can make to better policy assessment. Exposition is non-technical, and the course should be accessible to students with little previous economics as well as those with a more extensive grounding in the discipline. Required reading : Stephen Smith (2011), Environmental Economics. A Very Short Introduction. Oxford University Press. ISBN 978-019-958358-4 ; David M. Newbery (1990), "Acid Rain", Economic Policy, issue no. 11, October 1990 ; David Pearce, Anil Markandya and Edward Barbier (1989) Blueprint for a Green Economy. London : Earthscan Publications Ltd. ISBN 1-85383-066-6. Chapter 3 'Valuing the environment' (pages 51-81). Chapter 6. 'Discounting the future' (pages 132-152) ; Symposium on
Contingent Valuation, Journal of Economic Perspectives, 1994, Vol. 8, No. 4, pages 3-64, (papers by Portney, Hanemann ; Diamond & Hausman) ; A. Denny Ellerman, Claudio Marcantonini and Alexsandar Zaklan (2015) "The European Union Emissions Trading Scheme : Ten Years and Counting". Review of Environmental Economics and Policy. Published online doi : 10.1093/reep/ rev014.
INTRODUCTION TO INTERNATIONAL ECONOMICS : A HISTORY OF GLOBALIZATION (LECTURE)
Semester : Autumn Number of hours : 24 Language of tuition : English
Teachers : Emanuele MAZZINI (Phd students, Department of Economics, Sciences Po), Kevin H. O'ROURKE (Professor of Economics). Pedagogical format : Lecture alone Course validation : Assessment will be based on a take-home mid-term paper (33%) and a twohour ﬁnal examination (67%). Course Description : Globalization is possibly the most overused word in contemporary social science, but it is far from being a new phenomenon nor is globalization irreversible. This course provides an introduction to the history of the international economy over the past two centuries, and asks : What were the political and technological underpinnings of increased trade, capital and labour ﬂows during the period ; what were the effects of these ﬂows on income distribution within countries ; and what political responses did they provoke ? What can explain the deglobalization experienced in the years between 1914 and 1945 ? What, if any, were the connections between globalization and convergence ? Between globalization and growth ? Along the way, we will cover such basic topics in international economics as comparative advantage, the gains from trade, factor proportions theory, international factor ﬂows, and the political economy of trade. Required reading : K.H. O'