The course is designed for professionals in water-related fields without prior economic background, with the purpose to provide an economic foundation for water management.
Dates, Fee, ECTS
Start: 16 September 2019
End: 27 September 2019
ECTS credit points: 3
Deadline IHE application: 15 August 2019 - 23.59 (CET)
Course fee: € 1900
VAT is not included in the course fee
- Describe the principles of economics and the relevance of economics to water management
- Describe and discuss market mechanism and economic efficiency and relevance to water management
- Characterize and explain water resource issues using economic concepts and theory
- Conduct simple policy analysis of water-related decision-making
- List and review economic instruments for water management
The course will first layout the policy context for water economics, i.e., why is economics relevant and important for water management, through cases and examples in which economics can play or have played a role. The course will then introduce economic principles, concepts, and theory to build economic foundation for understanding water issues. Based on the economic foundation, the course will further elaborate on and synthesize economic approaches to managing water, including quantity and price based policy instruments, institutional role, and benefit-cost analysis.
The course will also cover economic valuation of water uses and decision-making context. As part of the course, a roleplay game will be conducted with course participants to help understanding of water resource management in the real world. Group work, presentation, and individual assignment will be part of learning process to improve understanding.