ENVP40100

Learning Outcomes:

On completion of this course, the successful student should, inter alia, be able to:

- Have an appreciation of the major themes in the academic literature on the economics of the environment.
- Understand the economic approach to analysing why environmental problems occur.
- Explain the economic instruments available to address local and global environmental challenges.
- Understand the interlinkages between the rapidly emerging carbon and climate sectors and traditional environmental economic theory and policy.
- Have an understanding of the economic policy tools available to assess the costs and benefits of action(s) or lack of action(s) to address environmental problems.
- Have an awareness of the importance of behavioural economics and behavioural science for environmental policy making.

Indicative Module Content:

- Introduction to Environmental Economics.
- Economic Analysis of Why Environmental Problems Occur.
- Justification for Intervention in a Market Economy.
- Environmental Policy Design.
- Economic Approaches to Policy and Project Evaluation.
- Behavioural Economics and Environmental Policy Design.

Student Effort Hours:

Approaches to Teaching and Learning:

- Lectures with research-informed teaching
- Participative learning in class
- Active Learning through class discussion
- Task-based, enquiry & problem-based learning through group work
- Student presentations.

Requirements, Exclusions and Recommendations

Learning Recommendations:

Read an introductory environmental economics textbook and familiarise yourself with introductory microeconomics using a textbook and/or some online videos.

Module Requisites and Incompatibles

Incompatibles:
AERD30030 - Agri-Environmental Economics, AERD40190 - Agri-Environmental Economics

Equivalents:
Environmental Economics (PEP40830)


 

Assessment Strategy

 

Please see Student Jargon Buster for more information about remediation types and timing. 

Feedback Strategy/Strategies

• Feedback individually to students, post-assessment
• Online automated feedback
• Peer review activities

How will my Feedback be Delivered?

The pre-assignment feedback includes group feedback on the presentations you'll give (for the assignment worth 50%) and peer feedback in smaller groups (for the assignment worth 25%). The post-assessment feedback for the 2 essay assignments will come in the form of feedback sheets and the post-assessment feedback for the Quiz is just the points you'll get in the Quiz.

Keohane, M. N. O., & Olmstead, S. M. (2016). Markets and the Environment. Island Press. Chapters 1-5 and 8-10.

Hanley, N., Shogren, J., & White, B. (2019). Introduction to environmental economics. Oxford University Press. Chapters 1-5.

For basic economics concepts, lectures and readings will be complemented by videos. For example, the videos by Tyler Cowen and Alex Tabarrok on https://www.youtube.com/playlist?list=PL-uRhZ_p-BM4XnKSe3BJa23-XKJs_k4KY (At least 1-11).

Atkinson, G., Braathen, N. A., Mourato, S., & Groom, B. (2018). Cost Benefits Analysis and the Environment: Further Developments and Policy Use. OECD.

Gifford, R. (2011). The dragons of inaction: psychological barriers that limit climate change mitigation and adaptation. American psychologist, 66(4), 290.

Carlsson, F., Gravert, C., Johansson-Stenman, O., & Kurz, V. (2019). Nudging as an environmental policy instrument. Review of Environmental Economics and Policy, 2020.

Timetabling information is displayed only for guidance purposes, relates to the current Academic Year only and is subject to change.