Undergraduate Course: Introductory Environmental Economics (ECNM08020)
Course Outline
| School | School of Economics |
College | College of Arts, Humanities and Social Sciences |
| Credit level (Normal year taken) | SCQF Level 8 (Year 2 Undergraduate) |
Availability | Available to all students |
| SCQF Credits | 20 |
ECTS Credits | 10 |
| Summary | This 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)
|
Co-requisites | |
| Prohibited Combinations | |
Other requirements | None |
Information for Visiting Students
| Pre-requisites | None |
| High Demand Course? |
Yes |
Course Delivery Information
|
| Academic year 2022/23, 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) |
Teamwork Project: 20%
Midterm Exam: 20%
Weekly Tutorial Participation: 5%
Degree Exam: 55% |
| 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:
- 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.
- Research and investigative skills such as problem framing and solving and the ability to assemble and evaluate complex evidence and arguments.
- Communication skills in order to critique, create and communicate understanding and to collaborate with and relate to others.
- 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.
- 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 |
| Keywords | environment,environmental |
Contacts
| Course organiser | Miss Hedieh Tajali
Tel:
Email: Hedieh.Tajali@ed.ac.uk |
Course secretary | Mr Sean Barr
Tel: (0131 6)50 6661
Email: sean.barr@ed.ac.uk |
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