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ES50059: Environmental & resource economics

[Page last updated: 02 August 2022]

Academic Year: 2022/23
Owning Department/School: Department of Economics
Credits: 6 [equivalent to 12 CATS credits]
Notional Study Hours: 120
Level: Masters UG & PG (FHEQ level 7)
Semester 2
Assessment Summary: EX 100%
Assessment Detail:
  • Environmental and Resource Economics (EX 100%)
Supplementary Assessment:
ES50059 Reassessment (where allowed by programme regulations)
Learning Outcomes: To be able to critically appraise the literature on international environmental policy issues, in economics and political sciences.
To have sufficient understanding of important policy issues related to intra- and intergenerational equity.
To be able to critically appreciate the key issues and the main policy problems related to climate change, loss of biodiversity, water scarcity and overfishing and other issues immanent to the current policy debate.
To be able to apply basic methods from game theory to the analysis of problems of strategic interaction which also apply beyond environmental issues

Aims: To provide an understanding of environmental problems of global and international dimension and the policy issues involved, like the problems of coordination and cooperation across countries and the formation of international environmental agreements in the light of strong free-rider incentives.

Skills: Ability to develop rigorous arguments through precise use of concepts and 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: Introduction to the economics of climate change, biodiversity, transboundary water issues and fisheries; understanding of the main incentive structure associated with these problems; introduction to and application of important concepts in game theory suitable to analyse externalities and issues of coordination and cooperation. Debating important concepts related to green national income accounting, sustainability indicators and the limits to growth debate.

Programme availability:

ES50059 is available for Auditing on the following programmes:

Department of Economics Department of Psychology

ES50059 is Optional (DEU) on the following programmes:

Department of Psychology Department of Social & Policy Sciences

ES50059 is Optional on the following programmes:

Department of Economics


  • This unit catalogue is applicable for the 2022/23 academic year only. Students continuing their studies into 2023/24 and beyond should not assume that this unit will be available in future years in the format displayed here for 2022/23.
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