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AGERE-003 Economic valuation methods, 5 cr 
Code AGERE-003  Validity 01.01.2017 -
Name Economic valuation methods  Abbreviation Economic valuat 
Scope5 cr   
TypeMethodological Studies
  GradingGeneral scale 
    Can be taken more than onceno
Unit Master's Programme in Agricultural, Environmental and Resource Economics 

Anna-Kaisa Kosenius 

Target group 

Open to all students of the University of Helsinki and exchange students. 


Period II, recommended during the first or second year of Master studies. Even years starting 2018: Contact teaching. Odd years starting 2019: No contact teaching, exam.

Learning outcomes 

Learning aims are: the theoretical framework of economic valuation of environmental benefits,  the application of selected non-market valuation methods and data analysis techniques. 

Completion methods 

Even years: The methods of completion include the pre-test (independent work), the preparation tasks for contact lectures (independent work), group assignments on data analysis and recent scientific articles, evaluation of group work, course feedback, and participating in interactive activities (e.g. discussions and exercises) during lectures. The attendance of 80% is required. Odd years: exam based on course book.


Intermediate microeconomics, basic econometrics

Recommended optional studies 

E.g. Cost-benefit analysis AGERE-002 and ecological-economic modelling courses support the further development of the competence provided.


Theoretical basis of economic valuation of environmental benefits, non-market valuation methods, analysis of empirical valuation data (only even years when contact teaching).

Study materials and literature 

1) Textbook: Champ, Boyle & Brown (2017) A Primer on Nonmarket Valuation. 2nd edition. Available as e-book via  

2) Other material: peer-reviewed articles, data sets and other material in Moodle.

Activities and teaching methods in support of learning 

Even years: The course follows the flipped learning approach. The learning assignments (individual work) based on peer-reviewed articles or textbook chapters, or exercises (group-work) are to be submitted before the contact teaching. The contact teaching consists of theory lectures, exercises, case study presentations, data analysis (group work), and seminars (group work) on recent scientific literature. Odd years: course book.

Assessment practices and criteria 

Grading 1-5. Even years: The assessment is based on pre-test and other independent work (50%) and group exercises (50%). Course feedback and evaluation of group work are also required for grading. Odd years: Exam (100%).

Other information 

Teaching language is English.

Relations to other study units 

Replaces the former course 83049 YLE22.3 Valuation of environmental benefits 4 cr.

Responsible person 

Anna-Kaisa Kosenius


Suitable for exchange students


Current and future instruction
No instruction in WebOodi

Future examinations
No examinations in WebOodi