2018/19 Taught Postgraduate Module Catalogue
SOEE5095M Environmental Economics and Policy
15 creditsClass Size: 58
Module manager: Prof Jouni Paavola
Taught: Semester 2 View Timetable
Year running 2018/19
Module replacesSOEE5093 Introduction to Ecological and Environmental Economics
This module is not approved as an Elective
Module summaryThe module introduces the micro-economic approach to environmental issues, which conceptualises environmental problems as market failures leading to a loss of social welfare and environmental policies as interventions that seek to restore optimal allocation of resources. The module provides an overview of the key areas of environmental economics and helps students develop an ability to interpret, analyse and assess in economic terms environmental issues and policies that they will encounter as part of their studies and careers.
ObjectivesThe main module objective is to give students a critical understanding of the key concepts and terminology of environmental economics, and an ability to explore the relationships between economic activity and the environment using these key concepts. The module provides a foundation in environmental economics that students can apply in their research or use as a base for more advanced study. The module builds on the principles of active learning and active preparation and engagement by the student.
On completion of this module, the students should:
- have developed a critical literacy in environmental economics
- be able to understand the economic rationale and implications of different environmental policy instruments;
- have developed a capacity to conduct economic analyses which are essential for practitioners, policy makers, and academics;
- have a capacity to engage in further economics-related studies.
The module emphasises critical analysis, synthesis, and summarising of information and ideas presented in the economic literature. The module also develops skills in application of economic assessment methods as well as in independent research, oral presentation and written composition.
1. What is environmental economics?
2. Economic behaviour and rationality
3. Market failures and the environment
4. Policy instruments: command & control
5. Policy instruments: market creation & emulation
6. Monetary valuation of the environment
7. Cost-benefit analysis I
8. Cost-benefit analysis II
9. Multi-criteria analysis I
10. Multi-criteria analysis II
11. Micro-analytics of trade & environment
|Delivery type||Number||Length hours||Student hours|
|Private study hours||120.00|
|Total Contact hours||30.00|
|Total hours (100hr per 10 credits)||150.00|
Private study- Preparation for lectures. Completion of analysis introduced in seminars.
- Wider reading for and writing up of assignments.
Opportunities for Formative FeedbackFeedback on student progress will be provided on the classroom discussion and practical component of each weekly session. Students will also receive feedback on the verbal presentation of project plans. The presentation will be marked and it will constitute part (15%) of the overall mark for the module. Assessment in the module is mostly based on the 6000 word individual project report, which amounts to 85% of the module mark.
Methods of assessment
|Assessment type||Notes||% of formal assessment|
|Presentation||5 minute verbal presentation||15.00|
|Total percentage (Assessment Coursework)||100.00|
Any student who fails the module will be required to prepare an individual 3500 word project report (similar to the individual project), but student will be expected to change topic to a new one.
Reading listThe reading list is available from the Library website
Last updated: 01/10/2018
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