First cycle
degree courses
Second cycle
degree courses
Single cycle
degree courses
School of Agricultural Sciences and Veterinary Medicine
Course unit
AVP7078784, A.A. 2019/20

Information concerning the students who enrolled in A.Y. 2018/19

Information on the course unit
Degree course Second cycle degree in
AV2091, Degree course structure A.Y. 2017/18, A.Y. 2019/20
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Degree course track FOREST AND NATURE FOR THE FUTURE [002LE]
Number of ECTS credits allocated 6.0
Type of assessment Mark
Course unit English denomination ENVIRONMENTAL RESOURCE VALUATION
Website of the academic structure
Department of reference Department of Land, Environment, Agriculture and Forestry
E-Learning website
Mandatory attendance No
Language of instruction English
Single Course unit The Course unit can be attended under the option Single Course unit attendance
Optional Course unit The Course unit can be chosen as Optional Course unit

Teacher in charge MARA THIENE AGR/01

ECTS: details
Type Scientific-Disciplinary Sector Credits allocated
Core courses AGR/01 Rural economy and evaluation 6.0

Course unit organization
Period First semester
Year 2nd Year
Teaching method frontal

Type of hours Credits Teaching
Hours of
Individual study
Practice 3.0 24 51.0 No turn
Lecture 3.0 24 51.0 No turn

Start of activities 30/09/2019
End of activities 18/01/2020
Show course schedule 2019/20 Reg.2017 course timetable

Examination board
Board From To Members of the board
2 Commissione a.a. 2019/20 01/12/2019 30/11/2020 THIENE MARA (Presidente)
SECCO LAURA (Membro Effettivo)
GATTO PAOLA (Supplente)
PISANI ELENA (Supplente)
1 Commissione a.a. 2018/19 01/12/2018 30/11/2019 THIENE MARA (Presidente)
SECCO LAURA (Membro Effettivo)
GATTO PAOLA (Supplente)
PISANI ELENA (Supplente)

Prerequisites: Principles of mathematics and statistics
Target skills and knowledge: The aim of the course is to train students with a global vision in order to be able to work on the management and conservation of natural resources. Hence students will
acquire methodologies and survey tools in order to estimate economic value of environmental resources. The course will also focus on tools to manage the land and the environment. Empirical applications and case studies will be illustrated and discussed, with a particular focus on Alpine forests.

At the end of the course the student will acquire the following competences and skills:
1) understand relations between economics and environment, within a sustainability perspective
2) understand and identify the variety of natural resources classification and ecosystem services concerning their conservation and management
3) understand underlying mechanisms of demand for public/environmental goods
4) understand components of natural resources’ value
5) being able to identify the variety of total economic value components of ecosystem services
6) understand methodological approaches used within land planning and management
7) understand non market valuation methods for the estimation of total economic value of ecosystem services
8) being able to estimate and quantify total economic value of ecosystem services and public goods
9) being able to make use of estimated environmental values by matching resource preservation and economic development
10) being able to make use of scientific approach in order to analyze relations between environment conservation and management and land economic development
Professional skills: 4, 5, 8 and 9
Soft skills: 10
Examination methods: Written test. Three different types of questions: i) Multiple choice questions; ii) open questions requiring short answers; iii) Illustration and description of figures/graphs with comments. Active class participation of students will be part of the final mark.
Assessment criteria: Written exam: knowledge of the topics, ability to discuss them in a critical wayc and to understand logic relationships. Participation: active attitude in lectures and during class exercises.
Course unit contents: Topics covered in the course include:

1. Principles of environmental economics. Economy-Environment interaction. The economic value of environmental resources: the Total Economic Value (use values and non uses values). Mainstreaming ecosystem services into everyday life. The Coase theorem. Market failure: public goods, externalities and Asymmetric information. (1 CFU)

2. Methods of valuation. Developing surveys: stucture and data collection. (0.5 CFU)

3. Non market valuation methods (I) - Revealed Preference methods: 1) Hedonic Pricing (Hedonic price function); 2) Travel Cost (Single site and Multiple sites Travel cost). Theoretical aspects and case studies addressing empirical applications. Lab sessions with tutorials and data analysis. (1.5 CFU)

4. Non market valuation methods (II) - Stated Preference methods: 1) Contingent Valuation; 2) Choice Experiments and Choice Modelling (Experimental design). Theoretical aspects and case studies addressing empirical applications. Lab sessions with tutorials and data analysis.(1.5 CFU)

5. Benefit Transfer. Theories and practice. Value transfers and function transfers. (0.5 CFU)

6. Payment of Ecosystem Services (PES). PES definition and rationale. Are PES efficient? Case studies in the real world.
Lab Session: Integrated Valuation of Environmental Services and Tradeoffs - InVEST (1 CFU)
Planned learning activities and teaching methods: A substantial part of the course will be devoted to data analysis by means of tutorials and computer session. A field trip will be organized to address practical issues.
Additional notes about suggested reading: Class notes, additional materials and readings will be posted online at
Textbooks (and optional supplementary readings)
  • Champ P.A., Boyle K.J., Brown T.C., A Primer on Nonmarket Valuation. Dordrecht: Kluwer Academic Publishers, 2017. Cerca nel catalogo
  • Hanley N., Shogren J.F., White B.,, Environmental Economics in Theory and Practice. --: Palgrav, 2007. Cerca nel catalogo

Innovative teaching methods: Teaching and learning strategies
  • Lecturing
  • Laboratory
  • Problem based learning
  • Case study
  • Working in group
  • Problem solving

Innovative teaching methods: Software or applications used
  • Moodle (files, quizzes, workshops, ...)
  • Tutorial in computer lab for data analysis, forecast and simulation via dedicated software

Sustainable Development Goals (SDGs)
Good Health and Well-Being Clean Water and Sanitation Affordable and Clean Energy Industry, Innovation and Infrastructure Sustainable Cities and Communities