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 Academic Year: | 2017/8 |
| Owning Department/School: | Department of Economics |
| Credits: | 6 [equivalent to 12 CATS credits] |
| Notional Study Hours: | 120 |
| Level: | Masters UG & PG (FHEQ level 7) |
| Period: |
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| Assessment Summary: | CW 30%, EX 70% |
| Assessment Detail: |
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| Supplementary Assessment: |
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| Requisites: | |
| 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. 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: 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. |
| Programme availability: |
ES50058 is Optional on the following programmes:Department of Economics
ES50058 is available for Auditing on the following programmes:Department of Economics
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Notes:
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