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ECON3161: ENVIRONMENTAL ECONOMICS AND POLICY

Please ensure you check the module availability box for each module outline, as not all modules will run in each academic year. Each module description relates to the year indicated in the module availability box, and this may change from year to year, due to, for example: changing staff expertise, disciplinary developments, the requirements of external bodies and partners, and student feedback. Current modules are subject to change in light of the ongoing disruption caused by Covid-19.

Type Open
Level 3
Credits 20
Availability Available in 2023/24
Module Cap
Location Durham
Department Economics

Prerequisites

  • Microeconomics (ECON2021) OR Economic Theory (ECON2291)

Corequisites

  • None.

Excluded Combinations of Modules

  • None.

Aims

  • To provide, by building on the skills and knowledge from level 2, an understanding of the contribution of economic analysis to the solution of environmental problems. In addition, it seeks to provide students with the skills necessary to analyse and discuss current policy issues concerning the protection of the environment.

Content

  • In addition to presenting the background to the problem of environmental degradation, externalities and public goods, topics are likely to be drawn from the following list:
  • Double dividends of environmental taxation
  • Voluntary agreements
  • International environmental problems
  • Economics of natural resources
  • Kuznets curves
  • Non-point source pollution
  • The political economy of environmental policy

Learning Outcomes

Subject-specific Knowledge:

  • At the end of the module the students will be able to:
  • Understand the contribution of economic analysis to the solution of environmental problems
  • Understand the role of free markets and/or government intervention to deal with environmental problems
  • Develop a critical knowledge of the protection of the environment from an economic standpoint

Subject-specific Skills:

  • At the end of the module, students will be able to:
  • make use of algebra and graphical analysis.
  • analyse environmental economics issues.
  • discuss current political strategies for the protection of the environment.

Key Skills:

  • Written Communication - through summative assessment.
  • Planning, Organisation and Time Management - by preparing for examinations.
  • Problem Solving and Analysis - e.g. by applying the necessary analytical and quantitative skills, as well as the ability to manipulate concepts in environmental economics and policy, in undertaking assessed work.
  • Numeracy - e.g. by applying core mathematical and statistical skills to answer a range of examination questions.

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

  • Teaching is by lectures, seminars and support for student-centred learning. Learning takes place through attendance at lectures, preparation for and participation in tutorial classes, and private study. Formative assessment to help prepare for online examination. Summative assessment is by means of a online examination.

Teaching Methods and Learning Hours

ActivityNumberFrequencyDurationTotalMonitored
Lectures201 per week1 Hour20 
Revision Lectures21 per week1 hour2 
Seminars84 in term 1, 4 in term 21 Hour8Yes
Preparation and Reading170 
Total200 

Summative Assessment

Component: ExaminationComponent Weighting: 100%
ElementLength / DurationElement WeightingResit Opportunity
One written online examination2 hours 3,000 words max100Same

Formative Assessment

One written piece of work to prepare students for the summative exam.

More information

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