Energy and Environmental Economics 5 (P00412)

? Credit Points : 10 ? SCQF Level : 11 ? Acronym : EEL-P-PGECN

The aim of this course is to provide a theoretical grounding in economics from first principles, therein exploring the fundamental principles of efficiency in the distribution of resources in society. These principles are then applied in the fields of energy and environment, using case studies to discuss applications in practice.. The course covers both conventional (neo-classical) economics and also criticisms of this dominant paradigm. No prior knowledge of economics is assumed. Each topic is introduced in a lecture. Students are then assigned sub-topics for self-study and these are presented by the students at discussion workshops the following week. Written assignments and reports will also be required.

Entry Requirements

none

Subject Areas

Home subject area

Postgraduate (School of Engineering and Electronics), (School of Engineering and Electronics, Schedule M)

Delivery Information

? Normal year taken : Postgraduate

? Delivery Period : Semester 1 (Blocks 1-2)

? Contact Teaching Time : 3 hour(s) per week for 11 weeks

Summary of Intended Learning Outcomes

1. Definitions and conceptual frameworks: scale; efficiency; equity; sustainable development.
2. EE versus conventional economics. History of EE thought.
3. Rational behaviour and welfare economics. Indifference curve analysis.
4. Welfare Economics: link to sustainability.
5. Objectives of companies and objectives of environmental sustainability.
6. Modelling resource extraction under different industry structures.
7. Externalities and instruments of pollution control.
8. The Kyoto Protocol and control of ghg emissions.
9. Life Cycle Assessment and Life Cycle Carbon Assessment.
10. Carbon tax, landfill tax and other energy-related instruments.