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Unit information: Environmental Economics in 2020/21

Please note: you are viewing unit and programme information for a past academic year. Please see the current academic year for up to date information.

Unit name Environmental Economics
Unit code EFIM30004
Credit points 20
Level of study H/6
Teaching block(s) Teaching Block 2 (weeks 13 - 24)
Unit director Professor. Birdi
Open unit status Not open
Pre-requisites

EFIM20033 Intermediate Microeconomics AND
EFIM20034 Intermediate Macroeconomics AND
EFIM20011 Econometrics 1
OR
EFIM20038 Microeconomic Analysis AND
EFIM20037 Macroeconomic Analysis AND
EFIM20010 Applied Quantitative Research Methods

Co-requisites

None

School/department School of Economics
Faculty Faculty of Social Sciences and Law

Description

Environmental concern has become increasingly prominent as a matter for public debate and policy. Sustainable development, pollution, climate change and the exploitation of renewable and non-renewable resources are fundamentally resource allocation problems on which economics has much to say. This unit will address these real world environmental problems by building on microeconomic theory and quantitative methods from the first and second year.

The unit aims are:

  • To introduce you to some of the major concerns of environmental economics such as pollution, sustainable development, destruction of biodiversity, and global warming.
  • To apply and develop tools and economic concepts introduced in the core economics units to appreciate and analyse issues related to the environment, in both national and international contexts.
  • To introduce dynamic models to analyse the economics of renewable and non-renewable resources.
  • To introduce valuation methods for environmental goods for which no market exists.

Intended learning outcomes

At the end of the course students should have a good understanding of modern environmental economics and should be able to:

  • Explain the contributions that economics can make to the analysis of environmental problems.
  • Explain and evaluate different policy approaches to environmental issues such as pollution and the depletion of natural resources.
  • Review and discuss critically the ways in which economists value the environment.
  • Intelligently apply the economic tools and methods learnt to various environmental issues.
  • Show an awareness of the important literature in this area and a knowledge of some major concerns in environmental economics.

Teaching details

Teaching will be delivered through a combination of synchronous and asynchronous sessions such as online teaching for large and small group, face-to-face small group classes (where possible) and interactive learning activities

Assessment Details

Project (100%) based around one or more contemporary environmental issues

Reading and References

  • Perman, R., Y. Ma, M.Common, D. Maddison and J. McGilvray (2011). Natural Resource and Environmental Economics. 4th Edition. Addison-Wesley
  • Hanley, Nick, Jason F. Shogren and Ben White (2007). Environmental Economics in Theory and Practice 2nd ed. Palgrave Macmillan: UK. (course text)
  • Teitenberg, Tom (2007). Environmental Economics and Policy 5th ed. Pearson: MA.

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