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School of Social Sciences

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BAEcon Economics
Learn how the social sciences can help you to understand today's world.

BAEcon Economics / Course details

Year of entry: 2018

Course unit details:
Environmental Economics IIA

Unit code ECON20101
Credit rating 10
Unit level Level 2
Teaching period(s) Semester 1
Offered by Economics
Available as a free choice unit? Yes


See course Blackboard pages.


Unit title Unit code Requirement type Description
ECON10041 Pre-Requisite Compulsory
ECON10081 Pre-Requisite Compulsory
Introductory Mathematics ECON10061 Pre-Requisite Compulsory
Advanced Mathematics ECON10071 Pre-Requisite Compulsory
ECON10001 Pre-Requisite Compulsory
Pre-requisites: ECON10041 or ECON10081 AND ECON10061 or ECON10071 or ECON10001.

Students who take this course must have taken at least one of the following (compulsory Pre-Requisite):

  • ECON10041 or
  • ECON10081 or
  • ECON10171


AND also at least one of the folloiwng (compulsory Pre-Requisite):

  • ECON10061 or
  • ECON10071 or
  • ECON10001


The aim of this module is to explore the use of economic analysis to investigate the causes, consequences and possible solutions to problems associated with degradation of environmental resources and the potential unsustainability of certain types of economic activities.

Learning outcomes

At the end of this course, you should be able to understand and explain:

  1. How neoclassical economics conceptualises environmental problems in terms of market failure.
  2. The economics of alternative approaches to regulating local and global pollution, including the use of green taxes, subsidies, marketable pollution permits and voluntary agreements.
  3. The theory and practice of valuing, in monetary terms, changes in the stock and flow of environmental resources and use of such values in cost-benefit analysis.
  4. The meaning and measurement of economic sustainability.


Topic 1: The Economics of Environmental Problems.

Topic 2: Economics of Pollution Control.

Topic 3: Valuing Environmental Damage and Cost Benefit Analysis.

Topic 4: Trade, Environment and Sustainability.

Topic 5: Energy and Climate Change.

Teaching and learning methods

Lectures and tutorial classes.

Employability skills

Analytical skills
Problem solving

Assessment methods

  • Essay - 60%.
  • Two Computer-Based MC Assignments - 40%.

Feedback methods

  • Tutorial feedback.
  • Office hours.
  • Revision sessions.

Recommended reading

  • Hanley, N., Shogren, J. and White, B. (2013, 2nd edition), Introduction to Environmental Economics, Oxford University Press.
  • Keohane, N.O. and Olmsted, S.M. (2016, 2nd edition), Markets and the Environment, Island Press.
  • Perman, R., Y. Ma, M. Common, D. Maddison and J. McGilvray (2011, 4th Edition), Natural Resource and Environmental Economics, Pearson.   
  • Tietenberg, T. and Lewis, L. (2014, 6th edition), Environmental Economics and Policy, Pearson.

Study hours

Scheduled activity hours
Assessment practical exam 2
Lectures 16
Tutorials 4
Independent study hours
Independent study 78

Teaching staff

Staff member Role
Daniel Rigby Unit coordinator
Hei Sing Chan Unit coordinator

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