Year of entry: 2018
Course unit details:
Environmental Economics IIA
|Unit level||Level 2|
|Teaching period(s)||Semester 1|
|Available as a free choice unit?||Yes|
See course Blackboard pages.
|Unit title||Unit code||Requirement type||Description|
Students who take this course must have taken at least one of the following (compulsory Pre-Requisite):
- ECON10041 or
- ECON10081 or
AND also at least one of the folloiwng (compulsory Pre-Requisite):
- ECON10061 or
- ECON10071 or
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.
At the end of this course, you should be able to understand and explain:
- How neoclassical economics conceptualises environmental problems in terms of market failure.
- The economics of alternative approaches to regulating local and global pollution, including the use of green taxes, subsidies, marketable pollution permits and voluntary agreements.
- 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.
- 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.
- Analytical skills
- Problem solving
- Essay - 60%.
- Two Computer-Based MC Assignments - 40%.
- Tutorial feedback.
- Office hours.
- Revision sessions.
- 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.
|Scheduled activity hours|
|Assessment practical exam||2|
|Independent study hours|
|Daniel Rigby||Unit coordinator|
|Hei Sing Chan||Unit coordinator|