Environmental Economics

Cod y Modiwl: AB33220
Teitl y Modiwl: Environmental Economics
Blwyddyn Academaidd: 2026/2027
Semester: Semester 1
Cyd-gysylltydd y Modiwl: Professor Michael Christie
Rhestr Ddarllen: Gweld ar Aspire
Rhagofynion: AB13120
Staff Eraill sy'n Cyfrannu: Dr Kyriaki Remoundou; Professor Michael Christie; Professor Homagni Choudhury

Dulliau Asesu

Math o Asesiad	Manylion Asesiad	Cyfran
Asesiad Semester	Essay: (2,000 words)	30%
Arholiad Semester	3 Awr	70%
Asesiad Ailsefyll	Essay: (2,000 words)	30%
Arholiad Ailsefyll	3 Awr	70%

Canlyniadau Dysgu

Wedi cwblhau'r modiwl dylai'r myfyrwyr fedru:

1. Critically evaluate the causes of market failure relating to environmental issues.
2. Critically evaluate economic models relating to optimal environmental standards.
3. Evaluate the effectiveness of a range of policy instruments for the environment.
4. Critically discuss and evaluate methodologies for environmental valuation.
5. Critically evaluate the application of economic principles to contemporary environmental policy issues.

Disgrifiad cryno

This module provides an analysis of how markets achieve economically efficient allocations and why, when they fail to do so, environmental degradation often results. The module explores how governments, NGOs and businesses might intervene to address environmental issues, and evaluates the effectiveness of a range of policy instruments including command-and-control instruments and incentive-based instruments. The module examines the monetary and non-monetary valuation of environmental goods and services, and the implications for the design and evaluation of environmental policies, as well as macro-economic indicators such as Green GDP measures. A series of contemporary environmental policy case studies illustrates applications of the relevant theory and policy tools.he module will draws on the Refinitiv database to illustrate the extent to which environmental indicators are being incorporated into policy and corporate decisions and actions.

Cynnwys

Economic growth and resource use

Economic paradigms: Neo-classical economics, environmental economics, ecological economics, deep ecology.

How markets work: demand and supply

Market failure

Policy instruments for the environment

Valuing the environment

Policy appraisal and evaluation

Case studies: biodiversity and ecosystem services, pollution abatement, agri-environmental policies, climate change (carbon trading), sustainable business management and `Green’ GDP.

Sgiliau Modiwl

Math o Sgiliau	Manylion Sgiliau
Cyfathrebu	Develop communications skills including presentation and listening skills. Improve literacy skills by reading and writing about environmental economics.
Datblygu personol a chynllunio gyrfa	Students will be able to use the skills learnt in this module to enhance their career opportunities.
Datrys Problemau	Identify problems. Develop creative thinking approaches to problem solving. Evaluate advantages and disadvantages. Construct a rational proposal in response to a problem.
Gwaith Tim	Understand the concept of group dynamics, contribute effectively to group activities, participate in group discussions and seminars.
Gwella dysgu a pherfformiad ei hun	Devise and apply realistic self-learning strategies, review and monitor overall performance, be aware of time management techniques.
Rhifedd	Economic data interpretation and analysis.
Sgiliau pwnc penodol	Analysis of economic issues with an environmental or ecological dimension in the student’s chosen career and organization.
Sgiliau ymchwil	Carry out research into economic issues with an environmental or ecological dimension. Identify relevant source material for assignments and case studies.
Technoleg Gwybodaeth	Use a range of commonly used software packages, prepare and analyze data, present information.

Nodau

Mae'r modiwl hwn yn cydymffurfio a FfCChC Lefel 6