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ES50058: Environmental regulation

Follow this link for further information on academic years Academic Year: 2014/5
Further information on owning departmentsOwning Department/School: Department of Economics
Further information on credits Credits: 6
Further information on unit levels Level: Masters UG & PG (FHEQ level 7)
Further information on teaching periods Period: Semester 1
Further information on unit assessment Assessment Summary: CW 30%, EX 70%
Further information on unit assessment Assessment Detail:
Further information on supplementary assessment Supplementary Assessment: ES50058B - RESIT EXAMINATION (where allowed by programme regulations)
Further information on requisites Requisites: Students must have a good first degree in Economics or equivalent to take this unit.
Further information on descriptions Description: Aims:

* To illustrate the application of modern analytic tools in microeconomics to key environmental issues and problem;
* To introduce new techniques and methods for the analysis of contemporary environmental issues;
* To encourage a critical perspective towards different views and methods put forward as solutions to environmental problems.

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.

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)

Topics will include: The economy-environment interaction. Market failure and externalities. Command & control and market based instruments. Uncertainty, Moral hazard & adverse selection. Strict liability and negligence. Brief overview of the international context. Introduction to the valuation of environmental goods.
Further information on programme availabilityProgramme availability:

ES50058 is available for Auditing on the following programmes:

Department of Economics Department of Psychology Department of Social & Policy Sciences
  • THXX-AFM46 : MRes Global Political Economy: Transformations & Policy Analysis
  • THXX-AFM47 : MRes Global Political Economy: Transformations & Policy Analysis

ES50058 is Optional on the following programmes:

Department of Economics
* This unit catalogue is applicable for the 2014/15 academic year only. Students continuing their studies into 2015/16 and beyond should not assume that this unit will be available in future years in the format displayed here for 2014/15.
* Programmes and units are subject to change at any time, in accordance with normal University procedures.
* Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.