This course explores the cutting edge methods and policy applications in ecological economics, an interdisciplinary field emerged in response to global sustainability crisis. With a clear sustainable development focus, it draws on the expertise of a range of disciplines: economics, ecology, physics, environmental sciences, sociology, psychology, complex systems theory, etc. to address the current challenges: climate change, biodiversity loss, resource depletion, water shortages, social cohesion and achieving sustainability. Ecological economics has been critical of the dominant approaches to decision making, namely cost-benefit analysis, the use of GDP as a key economic progress measure and the limits of the economic models not taking into account resource and environmental constraints. 'Green Economy' and 'Beyond GDP' movements are inspired by the ideas proposed by ecological economists.
The course is designed for multiple points of entry and could be helpful for PhD students, MSc students, government experts, representatives of international organizations and business. The course will give participants an opportunity to explore key methodologies for ecological-economic analysis and to apply these to various case studies.