Postgraduate Course: Energy and Environmental Economics (PGEE11001)
Course Outline
| School | School of Engineering |
College | College of Science and Engineering |
| Credit level (Normal year taken) | SCQF Level 11 (Postgraduate) |
Availability | Available to all students |
| SCQF Credits | 10 |
ECTS Credits | 5 |
| Summary | In 2014/15 the Course Organiser for this course is Dr Peter Alexander (peter.alexander@sruc.ac.uk).
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. |
| Course description |
Course Outline:
ECOLOGICAL ECONOMICS: PERSPECTIVE SETTING
- Definitions
- Conceptual frameworks: scale; efficiency; equity; sustainable development
- EE versus conventional economics
- History of EE thought
PRINCIPLES IN ECONOMICS: RATIONAL BEHAVIOUR AND WELFARE ECONOMICS
- Theories of consumer behaviour
- Indifference curve analysis
- Welfare Economics: link sustainability
- Rational Actor Theory - criticisms of conventional economic axioms of behaviour
THE INDUSTRY/ECOLOGY INTERFACE
- What are firms' objectives?
- Modelling resource extraction under different industry structures
- Stakeholder management
- Evolutionary economics
EXTERNALITIES AND INSTRUMENTS OF EMISSIONS CONTROL
- optimal choice under certainty
- optimal choice under uncertainty
- the emitter/regulator interface
- emissions and energy-related instruments: Climate Change Levy; Carbon Taxes.
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Entry Requirements (not applicable to Visiting Students)
| Pre-requisites |
|
Co-requisites | |
| Prohibited Combinations | |
Other requirements | None |
Information for Visiting Students
| Pre-requisites | None |
Course Delivery Information
|
| Academic year 2015/16, Available to all students (SV1)
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Quota: None |
| Course Start |
Semester 1 |
Timetable |
Timetable |
| Learning and Teaching activities (Further Info) |
Total Hours:
100
(
Lecture Hours 22,
Formative Assessment Hours 1,
Summative Assessment Hours 2,
Programme Level Learning and Teaching Hours 2,
Directed Learning and Independent Learning Hours
73 )
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| Assessment (Further Info) |
Written Exam
100 %,
Coursework
0 %,
Practical Exam
0 %
|
| Additional Information (Assessment) |
Examination (100%) |
| Feedback |
Not entered |
| Exam Information |
| Exam Diet |
Paper Name |
Hours & Minutes |
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| Main Exam Diet S1 (December) | Energy and Environmental Economics | 2:00 | |
Learning Outcomes
1. Definitions and conceptual frameworks: scale; efficiency; equity; sustainable development.
2. Ecological Economics (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. Carbon tax, landfill tax and other energy-related instruments.
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Reading List
| Edwards-Jones, Davies and Hussain (2000) Ecological Economics: An Introduction. Blackwell, Oxford. |
Contacts
| Course organiser | Mr Paulo Nunes De Moura
Tel: (0131 6)51 7185
Email: |
Course secretary | Mr Paulo Nunes De Moura
Tel: (0131 6)51 7185
Email: |
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