Department of Economics, Unit Catalogue 2011/12 |
|
 Credits:
| 6 |
| Level:
| Masters UG & PG (FHEQ level 7) |
| Period: |
Semester 2 |
| Assessment:
| EX 100% |
| Supplementary Assessment: | ES50059B RESIT EXAM (where allowed by programme regulations) |
| Requisites:
| |
| Description:
| Aims: To provide a rigorous account of the modern economic analysis of natural resource use and of sustainable development. Learning Outcomes: To be able to critically appraise the theoretical models and empirical procedures used by economists to examine the time path of extraction and associated prices of natural resources; To have sufficient skill to begin to empirically model the usage of a natural resource; To be able to critically appraise and compare the analyses of sustainable development constructed by economists and others; To have sufficient skills to begin to empirically model the sustainability of an economy. Skills: Ability to develop rigorous arguments through precise use of concepts and mathematical models (Taught/Facilitated/Assessed). Ability to select, summarise and synthesis written information from multiple sources (T/F/A). Ability to select and use appropriate ideas to produce a coherent response to a pre-set question (T/F/A). Comprehensive and scholarly written communication (T/F/A). Concise and effective written communication (e.g. briefings / written exams) (T/F/A). Effective oral communication (e.g. lecture question and answer) (F). Ability to apply theory to policy areas (T/F/A). Content: Introduction to the economics of exhaustible and renewable natural resources. Sustainable development: definitions and analysis: the Hartwick rule etc. Global problems, analysis and policy: climate change, bio-diversity. More complex models of resource use: alternative market structures, multi-species, etc. Integrating environmental and natural resources into formal growth models. Green national income accounting, sustainability indicators and the limits to growth debate. |
| Programme availability: |
ES50059 is Optional on the following programmes:Department of Economics
ES50059 is available for Auditing on the following programmes:Department of Economics
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