Due to Covid-19 students should refer to the module Blackboard pages for assessment details
|Assessment length / details
|Essay (2,000 words)
|Essay (2,000 words)
On successful completion of this module students should be able to:
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.
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 relevent theory and policy tools.
Economic paradigms: Neo-classical economics, environmental economics, ecological economics, deep ecology.
How markets work: demand and supply
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.
|Application of Number
|Economic data interpretation and analysis.
|Develop communications skills including presentation and listening skills. Improve literacy skills by reading and writing about environmental economics.
|Improving own Learning and Performance
|Devise and apply realistic self-learning strategies, review and monitor overall performance, be aware of time management techniques.
|Use a range of commonly used software packages, prepare and analyze data, present information.
|Personal Development and Career planning
|Students will be able to use the skills learnt in this module to enhance their career opportunities.
|Identify problems. Develop creative thinking approaches to problem solving. Evaluate advantages and disadvantages. Construct a rational proposal in response to a problem.
|Carry out research into economic issues with an environmental or ecological dimension. Identify relevant source material for assignments and case studies.
|Subject Specific Skills
|Analysis of economic issues with an environmental or ecological dimension in the student’s chosen career and organization.
|Understand the concept of group dynamics, contribute effectively to group activities, participate in group discussions and seminars.
This module is at CQFW Level 6