Economics of the Environment
- Module code
- Module leader
- John Nixon
- Module level
- Module credits
- Min study time
- 150 hours
- Contact Hrs within study time
- 30 hours
- Teaching period
- Jan-April Thursday pm
The impact of the environment on the quality of life, failure of market prices to reflect social costs, monetary valuation of environmental costs and benefits, policy failures, planning failures in socialist countries, global environment problems, case studies for agriculture, natural resources management and development.
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.
- Analyse the causes of market failure relating to environmental issues.
- Apply environmental economic principles to topical environmental issues.
|Coursework||1 x project report||50%|
|Examination||1 x 3 hour unseen exam||50%|
Students should be familiar with the content of at least one 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.
- Journal of Sustainable Development
- Electronic Journal of Sustainable Development