Environmental and Resource Economics
| Code | School | Level | Credits | Semesters |
| ECON2015 | Economics | 2 | 10 | Spring UK |
- Code
- ECON2015
- School
- Economics
- Level
- 2
- Credits
- 10
- Semesters
- Spring UK
Summary
This module will cover the following topics:
- Market failure and the need for environmental policy.
- The Coase theorem.
- Instruments of environmental policy: efficiency advantages of market instruments.
- Applications of market instruments, especially the EU Emissions Trading System.
- Fisheries: the open access problem and rights-based policies.
- Valuation of the benefits of environmental policy.
- Biodiversity and its benefits.
- International trade in polluting goods.
- Mobile capital: race to the bottom.
Target Students
Available for Year 2 Undergraduate students on Economics degree programmes studying ECON2001 Microeconomic Theory or ECON2017 Principles of Microeconomics. Available to Year 2 Undergraduate students on the BA Jt Hons Politics and Economics and BSc Jt Hons Maths and Economics degrees. Also available for Economics Exchange students.
Co-requisites
Modules you must take in the same academic year, or have taken in a previous year, to enrol in this module:
Classes
This module is delivered through a combination of tutorials and lectures.
Assessment
- 25% Coursework 1: Individual Essay (1200 words)
- 75% Exam 1 (2-hour): Exam
Assessed by end of spring semester
Educational Aims
To look at environmental issues from an economic perspective and provide an overview of the economic tools that are used to address environmental problems.The module aims to enable the participants to develop:Professional communication: the module helps to develop essay writing skills.Digital capabilities through the use of library e-resources to help access primary resources, such as journal articles.Learning Outcomes
On completing this module, the learning outcomes are such that students will be able to:
Knowledge and Understanding:
A2: Apply core economic theory and economic reasoning to applied topics.
A6: Extensive knowledge and skills in specific specialisms in economics.
Intellectual Skills:
B2: Reason logically and work analytically.
Professional / Practical Skills:
C1: Discuss and analyse government policy.
Transferable Skills:
D2: Communicate effectively and clearly in written and oral formats.
D5: Undertake independent study of a problem or subject.