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Department of Economics, Unit Catalogue 2011/12


ES50058: Environmental regulation

Click here for further information Credits: 6
Click here for further information Level: Masters UG & PG (FHEQ level 7)
Click here for further information Period: Semester 1
Click here for further information Assessment: EX 100%
Click here for further information Supplementary Assessment: ES50058A - Resit Exam (where allowed by programme regulations)
Click here for further information Requisites:
Click here for further information Description: Aims:
To provide a rigorous account of the modern economic analysis of the economics of policy-design.

Learning Outcomes:
Students should:
* Understand why environmental problems arise
* Understand how relaxing assumptions regarding the nature of pollutants affects policy design
* be able to critically appraise the procedures which economists use in the design and implementation of environmental policy instruments;
* have sufficient skills to begin to design a policy instrument.

Skills:
Ability to develop rigorous arguments through precise use of concepts and mathematical models (Taught/Facilitated/Assessed)
Ability to select, summarise and synthesis written information from multiple sources (T/F/A)
Ability to select and use appropriate ideas to produce a coherent response to a pre-set question (T/F/A)
Comprehensive and scholarly written communication (T/F/A)
Concise and effective written communication (e.g. briefings / written exams) (T/F/A)
Effective oral communication (e.g. lecture question and answer) (F)
Ability to apply theory to policy areas (T/F/A).

Content:
The economy-environment interaction. Market failure and externalities. Introduction to instruments for environmental management: the role for economic instruments. The international dimension. Unobservability of emissions and how to allow for it in policy design. Designing efficient instruments for more complex types of pollutant. Case studies will be introduced where appropriate. Brief overview of the valuation of environmental goods and how policy decision are affected by the consideration of uncertainty.
Click here for further informationProgramme availability:

ES50058 is Optional on the following programmes:

Department of Economics

ES50058 is available for Auditing on the following programmes:

Department of Economics Department of Psychology
  • THXX-AFM44 : MRes Environment, Energy & Resilience (Full-time)
  • THXX-AFM45 : MRes Environment, Energy & Resilience (Full-time)
Department of Social & Policy Sciences
  • THXX-AFM46 : MRes Global Political Economy: Transformations & Policy Analysis (Full-time)
  • THXX-AFM47 : MRes Global Political Economy: Transformations & Policy Analysis (Full-time)

NB. Programmes and units are subject to change at any time, in accordance with normal University procedures.