Course: Environmental Economics

The course introduces students to the basic principles of sensible utilization and preservation of environmental goods from the neoclassical perspective of environmental economics. It explores the main ways in which the market fails when it comes to the environment, discussing the pros and cons of different economic instruments for correcting these distortions. The course focuses on the topic of cost-benefit analysis, both from the small-scale perspective of projects and large-scale issues such as the tackling of climate change. Students are introduced to the different techniques that environmental economists apply when they endeavour to value the environment and changes in its quality.

More information can be found here:
https://www.uw.is/en/study/resources/course-catalogue/course-catalogue-2025-2026/environmental-economics 

All master's courses taught at UW are open to guest students, exchange students, and people from the world of work. The courses are part of our two international multidisciplinary master's programs, Coastal and Marine Management and Coastal Communities and Regional Development. The courses are modular, taught in English, hands-on and many of them include field trips and company visits. Check out the UW course catalogue to find out more.