ECON30370 Economics of the Environment

Academic Year 2018/2019

This course provides an introduction to the theory and evidence behind environmental pollution and the management of scare resources. We will discuss the sources of environmental problems, policy instruments to resolve environmental issues, and monetary valuation of the environment.
Key theoretical concepts include externalities, market failure and government intervention, public goods, property rights, command and control policy, market-based policy instruments (taxes/charges, subsidies, cap-and-trade) and cost benefit analysis. The application of these tools in present-day environmental policies will be discussed.
During the tutorial sessions students will work in groups to research and design a scientific poster on a real-life application of a market-based environmental policy. Attendance at tutorials is compulsory.

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Curricular information is subject to change

Learning Outcomes:

On completing this module students should be able to
(a) Identify and evaluate environmental and resource issues from an economic perspective;
(b) Apply the principles and concepts of economic theory to resolving environmental issues;
(c) Appraise and question policies and programmes for environmental management;
(d) Demonstrate the ability to work in groups and make a scientific presentation.

Student Effort Hours: 
Student Effort Type Hours
Lectures

22

Small Group

5

Autonomous Student Learning

75

Total

102

 
Requirements, Exclusions and Recommendations
Learning Recommendations:

ECON10010 Principles of Microeconomics
ECON10030 Introduction to Quantitative Techniques or equivalent
ECON20180 Intermediate Microeconomics II



Module Requisites and Incompatibles
Incompatibles:
Economics of the Environment (ECON20160)

 
Description % of Final Grade Timing
Examination: End of Semester Exam

70

2 hour End of Trimester Exam
Group Project: Poster

30

Throughout the Trimester

Compensation

This module is not passable by compensation

Resit Opportunities

In-semester assessment

Remediation

If you fail this module you may repeat, resit or substitute where permissible.

Name Role
Ms Elena Mazza Tutor
Miss Man Wing Wong Tutor