From 2 November 2020, the autumn semester 2020 will take place online. Exceptions: Courses that can only be carried out with on-site presence.
Please note the information provided by the lecturers via e-mail.

363-0532-00L  Economics of Sustainable Development

SemesterSpring Semester 2019
LecturersL. Bretschger
Periodicityyearly recurring course
Language of instructionGerman


AbstractConcepts and indicators of sustainable development, paradigms of weak and strong sustainability;
neoclassical and endogenous growth models;
pollution, environmental policy and growth;
role of substitution possibilities and technological progress;
Environmental Kuznets Curve: concept, theory and empirical results;
economic growth in the presence of exhaustible and renewable resources.
ObjectiveThe aim is to develop an understanding of the implications of sustainable development for the long-run development of economies. It is to be shown to which extent the potential for growth to be sustainable depends on substitution possibilities, technological change and environmental policy.
ContentThe lecture introduces different concepts and paradigms of sustainable development. Building on this foundation and following a general introduction to the modelling of economic growth, conditions for growth to be sustainable in the presence of pollution and scarce natural resources are derived. Special attention is devoted to the scope for substitution and role of technological progress in overcoming resource scarcities. Implications of environmental externalities are regarded with respect to the design of environmental policies.
Concepts and indicators of sustainable development, paradigms of weak and strong sustainability, sustainability optimism vs. pessimism;
introduction to neoclassical and endogenous growth models;
pollution, environmental policy and growth;
role of substitution possibilities and technological progress;
Environmental Kuznets Curve: concept, theory and empirical results;
economic growth in the presence of exhaustible and renewable resources, Hartwick rule, resource saving technological change.
Lecture notesWill be provided successively in the course of the semester.
LiteratureBretschger, F. (1999), Growth Theory and Sustainable Development, Cheltenham: Edward Elgar.

Bretschger, L. (2004), Wachstumstheorie, Oldenbourg, 3. Auflage, München.

Perman, R., Y. Ma, J. McGilvray and M. Common (2003), Natural Resource and Environmental Economics, Longman , 3d ed., Essex.

Neumayer, E. (2003), Weak and Strong Sustainability, 2nd ed., Cheltenham: Edward Elgar.