Undergraduate Course: Natural Resource and Environmental Economics (ECNM10022)

Course Outline
School	School of Economics	College	College of Humanities and Social Science
Course type	Standard	Availability	Available to all students
Credit level (Normal year taken)	SCQF Level 10 (Year 4 Undergraduate)	Credits	20
Home subject area	Economics	Other subject area	None
Course website	None	Taught in Gaelic?	No
Course description	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 mostly on Mondays 0900-0950. Class members are notified by email when classes will be held. Note that since there may be some irregularity of classes this 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 (not applicable to Visiting Students)
Pre-requisites	Students MUST have passed: Topics in Economic Analysis 1 (ECNM10050)	Co-requisites
Prohibited Combinations		Other requirements	None
Additional Costs	None

Information for Visiting Students
Pre-requisites	None
Displayed in Visiting Students Prospectus?	Yes

Course Delivery Information

Delivery period: 2013/14 Semester 1, Available to all students (SV1)			Learn enabled: Yes	Quota: None
Web Timetable	Web Timetable
Class Delivery Information	1 x 2 hour lecture per week, students are notified by email in advance whether to attend the Friday/Monday session each week.
Course Start Date	23/09/2013
Breakdown of Learning and Teaching activities (Further Info)	Total Hours: 200 ( Lecture Hours 24, Summative Assessment Hours 2, Programme Level Learning and Teaching Hours 4, Directed Learning and Independent Learning Hours 170 )
Additional Notes
Breakdown of Assessment Methods (Further Info)	Written Exam 60 %, Coursework 40 %, Practical Exam 0 %
Exam Information
Exam Diet	Paper Name	Hours:Minutes
Main Exam Diet S2 (April/May)		2:00

Delivery period: 2013/14 Semester 1, Part-year visiting students only (VV1)			Learn enabled: Yes	Quota: None
Web Timetable	Web Timetable
Class Delivery Information	1 x 2 hour lecture per week, students are notified by email in advance whether to attend the Friday/Monday session each week.
Course Start Date	23/09/2013
Breakdown of Learning and Teaching activities (Further Info)	Total Hours: 200 ( Lecture Hours 20, Programme Level Learning and Teaching Hours 4, Directed Learning and Independent Learning Hours 176 )
Additional Notes
Breakdown of Assessment Methods (Further Info)	Written Exam 0 %, Coursework 100 %, Practical Exam 0 %
No Exam Information

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."

Assessment Information
2,500 word essay (40%) 2 hour degree examination (60%) Visiting Student Variant Assessment Essay (40%) Two x 1500 word essays (60%)

Special Arrangements
None

Additional Information
Academic description	Not entered
Syllabus	Not entered
Transferable skills	Not entered
Reading list	Not entered
Study Abroad	Not entered
Study Pattern	Not entered
Keywords	Not entered

Contacts
Course organiser	Prof Gordon Hughes Tel: (0131 6)50 8358 Email: Gordon.Hughes@ed.ac.uk	Course secretary	Ms Eirlys Armstrong Tel: (0131 6)50 9905 Email: eirlys.armstrong@ed.ac.uk