Undergraduate Course: Natural Resource and Environmental Economics (ECNM10022)

Course Outline
School	School of Economics	College	College of Humanities and Social Science
Credit level (Normal year taken)	SCQF Level 10 (Year 4 Undergraduate)	Availability	Available to all students
SCQF Credits	20	ECTS Credits	10
Summary	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.
Course description	Not entered

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

Course Delivery Information

Academic year 2014/15, Available to all students (SV1)		Quota: None
Course Start	Semester 1
Timetable	Timetable
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 )
Assessment (Further Info)	Written Exam 60 %, Coursework 40 %, Practical Exam 0 %
Additional Information (Assessment)	2,500 word essay (40%) 2 hour degree examination (60%) Visiting Student Variant Assessment Essay (40%) Two x 1500 word essays (60%)
Feedback	Not entered
Exam Information
Exam Diet	Paper Name		Hours & Minutes
Main Exam Diet S2 (April/May)			2:00

Academic year 2014/15, Part-year visiting students only (VV1)		Quota: None
Course Start	Semester 1
Timetable	Timetable
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 )
Assessment (Further Info)	Written Exam 0 %, Coursework 100 %, Practical Exam 0 %
Additional Information (Assessment)	2,500 word essay (40%) 2 hour degree examination (60%) Visiting Student Variant Assessment Essay (40%) Two x 1500 word essays (60%)
Feedback	Not entered
No Exam Information

Learning Outcomes
On completion of this course, the student will be able to: "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."

Reading List
None

Additional Information
Graduate Attributes and Skills	Not entered
Additional 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.
Keywords	NREE

Contacts
Course organiser	Prof Gordon Hughes Tel: (0131 6)50 8358 Email: Gordon.Hughes@ed.ac.uk	Course secretary	Ms Dawn Hutcheon Tel: (0131 6)51 5958 Email: Dawn.Hutcheon@ed.ac.uk