Natural Resource and Environmental Economics (VS1) (U02333)

? Credit Points : 20 ? SCQF Level : 10 ? Acronym : MSE-4-NATRES-VS

Gordon Hughes is a leading 'practitioner', who runs an economics consultancy and travels the world advising on natural resource, environmental and other issues. As he is in Edinburgh at weekends between travel commitments, the course will be taught on Fridays 1610-1800 and Mondays 0900-0950. Class members are notified by email when classes will be held. Note that the irregularity of classes places a premium on good time-management skills and flexibility/adaptability, in comparison to more standard weekly classes. The aim of this course is to provide an overview of the substantial amount of work on environmental and natural resource economics, which has been carried out over the past decade. The course covers a major area of applied welfare economics, which will build on the material introduced in Economics 2 and Topics in Economic Analysis 1 and show how economics can contribute to policy formulation on a range of topics that are generating increasing public concern. Topics covered include: renewable resources; fisheries and forests; replenishable resources; water; non-renewable resources; mining and energy; externalities and environmental policy; air pollution; water pollution; sustainable development, urban and industrial growth, rural growth and natural resource management; regional and global environmental issues.

Entry Requirements

? This course is only available to part year visiting students.

? This course is a variant of the following course : EC0070

? Pre-requisites : Topics in Economic Analysis 1

? Costs : None

Subject Areas

Home subject area

Economics, (Management School and Economics, Schedule H)

Delivery Information

? Normal year taken : 4th year

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

? Contact Teaching Time : 2 hour(s) per week for 10 weeks

First Class Information

Date	Start	End	Room	Area	Additional Information
21/09/2007	16:00	18:00

Summary of Intended Learning Outcomes

"After successful completion of this course students should have acquired an understanding of the analytical and practical foundations of the economics of natural resource and environment management with particular
emphasis on policy analysis and the choices that must be made between competing objectives. They should be familiar with the techniques of evaluating non-market outcomes, the design and application of policy
instruments, the relationship between local, regional and global aspects of natural resource and environment problems, and the application of economic models to complex systems. In the course assessment, students are required to demonstrate skills in understanding and using standard economic analysis together with the application of analytical concepts to practical economic
problems."