Economy for Sustainability Study Guide PDF

# Studiewijzer Module 10: Economie voor duurzaamheid ## 1. Inleiding ### 1.1 Inleiding - Read the text or watch the video. ### 1.2 Bronnen - Read the text. ## 2. Milieudruk en economische trends ### 2.1 Milieudruk en economische trends ### 2.2 BBP - Concept of GDP - Understand the effects of...

# Studiewijzer Module 10: Economie voor duurzaamheid ## 1. Inleiding ### 1.1 Inleiding - Read the text or watch the video. ### 1.2 Bronnen - Read the text. ## 2. Milieudruk en economische trends ### 2.1 Milieudruk en economische trends ### 2.2 BBP - Concept of GDP - Understand the effects of a GDP increase - Correlation between GDP and other phenomena in the world - Definition of economic growth - Definition of GDP according to the added-value approach and the income approach - Missing elements in GDP - Extra interview with Joseph Stiglitz is NOT part of the required course material. - The current situation of countries: GDP vs. emissions per capita - Concept of the Kuznets curve - Understand the difference between consumption-related and production-related emissions - Definition of carbon footprint - Concept of the IPAT relation - Concept of the Kaya decomposition for the world and for Belgium - Concepts of absolute and relative decoupling - Do the exercises. ### 2.3 BBP en milieudruk ### 2.4 Bepalende factoren voor milieueffecten ### 2.5 Kenniscontrole - Do the exercises. ## 3. Duurzame ontwikkeling ### 3.1 Kaders voor duurzame ontwikkeling - Definition of sustainable development by Brundtland - Know the four different concepts of capital - Concept of weak and strong sustainability - Example of Adjusted Net Savings - Example of the concept of the donut economy ### 3.2 Kenniscontrole - Do the exercises. ## 4. System errors in the market economy on environmental issues ### 4.1 Externaliteiten - Definition of externalities - Example of the impact on production by others - Example of impact on consumption by others - Example of partial or total compensation ### 4.2 Publieke goederen - Definition of market failure - Concept of public goods - Example of reducing emissions as a public good - Concept of free riding - The intervention of the government at national and international level ### 4.3 Elinor Ostrom (1933-2012) - The focus of Ostrom’s research - The concept of the tragedy of the commons. ### 4.4 Kenniscontrole ## 5. Environmental policy ### 5.1 Environmental policy - Why is government intervention necessary? - What are the different types of policy interventions? ### 5.2 Cost efficiency - The concept of a MAC-curve. - Total cost when identical reductions are imposed on two businesses - Total cost when reductions are imposed depending on marginal cost ### 5.3 Price instruments vs. legal norms - The definition of cost efficiency - The concept of price instruments - What is meant by legal norms - The concept of dynamic efficiency ### 5.4 Green tax reform - The concept of double dividend policy - How can tax revenue from a carbon tax be used in different ways? ### 5.5 Taxes vs. subsidies - The differences between taxes and subsidies - What is meant by the concept of the rebound effect. - The concept of the Matthew effect ### 5.6 Kenniscontrole ## 6. The bigger picture ### 6.1 Relations with other challenges - Climate and biodiversity - Demographics/migration - Buildings/Mobility - Raw materials and circular economy - Energy ## 7. Conclusion - The importance of the topic - Next steps This document provides an overview of the economy for sustainability and focuses on the following topics: - The concept of GDP and its relation to the environment - Sustainable development - Market failures and externalities - Environmental policy The document provides a solid foundation for understanding the economic and social challenges related to environmental issues. It also provides insight into possible solutions and policy measures. This document is a great resource for students and researchers interested in sustainability and environmental policy. It is also relevant for policymakers and anyone interested in the future of our planet.