Economics of the environment
- Module code
- Module leader
- John Nixon
- Module level
- Module credits
- Min study time
- 75 hours
- Contact Hrs within study time
- 15 hours
- Teaching period
- Term 2
- Sustainable development. Failure of market prices to reflect social and environmental costs. Governance of Commons property resources.
- Monetary valuation of environmental costs and benefits,
- Economic analysis of global environment problems. Climate Change, Deforestation.
- The role of social capital.
To achieve credit for this module, students must be able to:
- Critically evaluate the strengths and weaknesses of the price mechanism and different environmental valuation methods.
- Critically analyse the causes of market failure relating to environmental issues.
- Apply environmental economic principles to topical environmental issues
|Coursework||1 x three paged article for a magazine||40%|
|Coursework||1 x report||60%|
Students should be familiar with the content of the following:
- Hanley, N., Shogren, J.F. and White, B. (2007). Environmental Economics in Theory and Practice. (2nd edition). Palgrave Macmillan.
- Pearce, D., Markandya, A. and Barbier, E.B. (1999). Blueprint for a Green Economy. Earthscan Publications Ltd.
- Pretty, J. (2002). Agri-Culture. Earthscan Publications Ltd.