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DRPS : Course Catalogue : School of Economics : Economics

Undergraduate Course: Introductory Environmental Economics (ECNM08020)

Course Outline
SchoolSchool of Economics CollegeCollege of Arts, Humanities and Social Sciences
Credit level (Normal year taken)SCQF Level 8 (Year 2 Undergraduate) AvailabilityAvailable to all students
SCQF Credits20 ECTS Credits10
SummaryThis is a new course the details are not yet finalised. The information in this DRPS entry are therefore subject to change but is provided to give students an indicative overview of the content, delivery and assessment.
This course will introduce the students to the field of environmental economics. We will first discuss and analyse how markets, without policy intervention, fail to capture environmental externalities. We will then discuss and analyse in details the possible regulatory measures and policy instruments available to correct such market failures yielding what might be the socially optimal level of pollution. Then we will introduce various environmental valuation techniques that help identifying the costs and benefits of controlling environmental externalities. Finally, we will discuss various topics that may serve as extensions to the analysis frameworks presented thus far. This way the course will mix economic theory and practical applications.
The course is delivered through a combination of lectures and tutorials.
Course description Provisionally, the broad aims of the course are to provide students with an in-depth understanding of:
- The concepts of market failure, externalities, public goods and property rights applied on environmental issues
- Regulatory measures and policy instruments available to control environmental degradation resulting from economic activities
- Cost-benefit analysis applied on environmental policies and projects
- Environmental valuation techniques
Entry Requirements (not applicable to Visiting Students)
Pre-requisites Students MUST have passed: Economics 1 (ECNM08013)
Prohibited Combinations Other requirements None
Information for Visiting Students
High Demand Course? Yes
Course Delivery Information
Academic year 2023/24, Available to all students (SV1) Quota:  None
Course Start Semester 2
Timetable Timetable
Learning and Teaching activities (Further Info) Total Hours: 200 ( Lecture Hours 20, Seminar/Tutorial Hours 6, Programme Level Learning and Teaching Hours 4, Directed Learning and Independent Learning Hours 170 )
Assessment (Further Info) Written Exam 75 %, Coursework 25 %, Practical Exam 0 %
Additional Information (Assessment) Coursework 25%
Examination 75%
Feedback Not entered
Exam Information
Exam Diet Paper Name Hours & Minutes
Main Exam Diet S2 (April/May)2:00
Learning Outcomes
On completion of this course, the student will be able to:
  1. A knowledge and understanding of key economic issues in the analysis of controlling environmental degradation and externalities, including theoretical models and empirical evidence, along with associated mathematical and statistical techniques. More specifically the students will be able to analyse and assess the implications of using various environmental policy instruments and assess the costs and benefits of undertaking pollution control projects, a skill that is applicable to other social projects.
  2. Research and investigative skills such as problem framing and solving and the ability to assemble and evaluate complex evidence and arguments.
  3. Communication skills in order to critique, create and communicate understanding and to collaborate with and relate to others.
  4. Personal effectiveness through task-management, time-management, teamwork and group interaction, dealing with uncertainty and adapting to new situations, personal and intellectual autonomy through independent learning.
  5. Practical/technical skills such as, modelling skills (abstraction, logic, succinctness), qualitative and quantitative analysis and general IT literacy.
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Additional Information
Graduate Attributes and Skills Not entered
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