Academic Catalog

SEES501 POLITICAL ECONOMY AND LAW IN SUSTAINABILITY

Course Code: 3900501
METU Credit (Theoretical-Laboratory hours/week): 3(3-0)
ECTS Credit: 8.0
Department: Sustainable Environment And Energy Systems
Language of Instruction: English
Level of Study: Masters
Course Coordinator: Assist.Prof.Dr HAYRÝYE KAHVECÝ
Offered Semester: Spring Semesters.

Course Content

This course introduces the principal concepts and principles from political economy and law (especially international law) which have come to inform sustainability strategies and sustainable development. These concepts and principles have their origins across the natural and social sciences and include, but are not limited to, such notions as ecological crisis; metabolic rate; thermodynamics; discount rates; environmental Kuznets curve; market failure and market absence; transaction costs and public goods; tragedy of the commons; common property resources; moral hazard; socialization of risk; intergenerational equity; the precautionary principle; the polluter pays principle; liability; prior informed consent; and many others, as well as sustainability itself