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ES50059: Environmental & resource economics

Follow this link for further information on academic years Academic Year: 2013/4
Follow this link for further information on owning departmentsOwning Department/School: Department of Economics
Follow this link for further information on credits Credits: 6
Follow this link for further information on unit levels Level: Masters UG & PG (FHEQ level 7)
Follow this link for further information on period slots Period: Semester 2
Follow this link for further information on unit assessment Assessment: EX 100%
Follow this link for further information on supplementary assessment Supplementary Assessment: ES50059B RESIT EXAM (where allowed by programme regulations)
Follow this link for further information on unit rules Requisites: Students must have a good first degree in Economics or equivalent to take this unit.
Follow this link for further information on unit content 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 models used by economists to examine the time path of extraction of renewable and non-renewable resources;
To have sufficient understanding of different welfare measures related to intra- and intergenerational equity and intertemporal optimisation; To be able to critically appraise and compare the analyses of sustainable development constructed by economists and others;
To be able to critically appreciate the key issues in the economics of climate change.

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, fisheries.. Integrating environmental and natural resources into formal models. Green national income accounting, sustainability indicators and the limits to growth debate.
Follow this link for further information on programme availabilityProgramme availability:

ES50059 is Optional on the following programmes:

Department of Economics Department of Social & Policy Sciences
  • THXX-AFM46 : MRes Global Political Economy: Transformations & Policy Analysis (Full-time)
  • THXX-AFM47 : MRes Global Political Economy: Transformations & Policy Analysis (Full-time)

ES50059 is available for Auditing on the following programmes:

Department of Economics Department of Psychology
  • THXX-AFM44 : MRes Environment, Energy & Resilience (Full-time)
  • THXX-AFM45 : MRes Environment, Energy & Resilience (Full-time)

Notes:
* This unit catalogue is applicable for the 2013/14 academic year only. Students continuing their studies into 2014/15 and beyond should not assume that this unit will be available in future years in the format displayed here for 2013/14.
* Programmes and units are subject to change at any time, in accordance with normal University procedures.
* Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.