SUSTAINABILITY ECONOMICS – A SUMMARY OF A SHORT COURSEby

Peter Bartelmus

1. INTRODUCTION AND OVERVIEW

Course objectives What on earth is

wrong?

© P. Bartelmus, Bergische Universität Wuppertal, Germany.The course contains copyrighted material, which is intended for personal use or teaching purposes only.

2. SCHOOLS OF ECO–NOMIC THOUGHT

Environment-economy interaction Market and policy failure

Ecological vs. environmental economics

History: from frontier economics to deep ecology

© Arik Bartelmus

3. SUSTAINABLE DEVELOPMENT: FIG LEAVE OR CORNUCOPIA

What is development? What is sustainable

development? Operationalizing

sustainable development

SUSTAINABLE ECONOMIC GROWTH

Economic growth with some environmental

protection

SUSTAINABLE DEVELOPMENT

4. THE PHYSICAL BASE OF THE ECONOMY

Aggregation: from statistics via indicators to indices

Case study: climate change

Material flow accounts Ecological sustainability

5. MONETARY VALUATION: COST-BENEFIT ANALYSIS AND GREENING THE

NATIONAL ACCOUNTS

Cost-benefit analysis: damage values

The System for integrated Environmental and Economic Accounting: prices and costs

Indicators of environmental and economic sustainability: EDP, ECF

7. PREDICTION WILL OUR ECONOMIES BE SUSTAINABLE?

Environmental impact

GDP p.c.

What are the limits to growth?

EKC hypothesis: will prosperity by good for the environment?