The environmental policy and economics course is an analysis of how environmental awareness has evolved historically based on the ethical principles and moral values present in society, as well as on the development of science, structure of society, environmental psychology, the structure of economic and political systems and their impact on the development of environmental policy. The course has a comparative analysis of the development of environmental legislation in Latvia, the EU and elsewhere and looks at methods for evaluating and calculating losses to the environment by using direct and indirect valuation methods. The course is conducted through lectures, seminars and role plays.