19th July 2019. A One-Day Topical Economics Programme for senior managers and business leaders. The 2018 topic was “Avoiding Environmental Collapse through Market Design”
You are invited to join the candidates of the two week programme and faculty for dinner the evening prior to the course.
Thursday 19 July 2018
7.00pm – Pre dinner drinks reception followed by dinner at 7.30pm
Friday 20 July 2018
8:45 Director’s Welcome and Senior Tutor’s Introduction
9:00 What is nature worth? Alex Teytelboym
10:00 Syndicate Discussion
11:15 Natural capital market design: what seems to work and what doesn’t Alex Teytelboym
12:15 Break, followed by Lunch at 12:30
1:15 Syndicate Discussion
2:15 Natural capital market design: a bright future? Alex Teytelboym
3:15 Syndicate Discussion
4:30 Round Table:Peter Eso
7:00 Depart Egrove for a formal College Dinner
7:30 Drinks Reception followed by Course Dinner in Balliol College at 8:00
21 July 2018
8:00am – Breakfast –You will be welcome to stay and observe the programme today.
Overview Today is the Topical Economics Programme Day dedicated to how economics can help improve the environment through the design of market mechanisms. In the first lecture, we introduce the concept of natural capital, why it is disappearing and why we should worry about it. Are we running out of mineral commodities? Where is the all the fish gone? In the second lecture, we explain how market design might help revert the decline by exploring some successful marketplaces for natural resources. We first will discuss permit markets for carbon, fishing, and wetlands. We will then see why not all environmental marketplaces work well by looking at water quality trading, species trading, and payments for ecosystem services. This is followed by a third lecture dealing with the inherent difficulties in protecting entire ecosystems and how clever market design for natural capital can help us overcome them. The final session is a topical economics round table. Each of the tutors will present an economic analysis of a major recent economic event. The round table allows the delegates to ask questions to the tutors on these and other economic issues. The day completes with the set-piece OUBEP dinner inside Balliol College.