Postgraduate taught 

Environment & Sustainable Development MSc

Environmental Economics ECON5006

  • Academic Session: 2021-22
  • School: Adam Smith Business School
  • Credits: 20
  • Level: Level 5 (SCQF level 11)
  • Typically Offered: Semester 2
  • Available to Visiting Students: No
  • Available to Erasmus Students: No

Short Description

This course focuses on the application of the environmental economist's toolkit to problems in developing countries and the applicability of lessons from the more developed economies. It covers a number of important topics of relevance to both developed and developing countries, including environmental valuation, cost-benefit analysis, market and policy failure, trade and the environment, and the economics of pollution control and climate change, including the analysis of international environmental agreements. A unifying theme is the role the 'environment' plays in our lives and its relationship to the economic system. On successful completion of the course, students should be able to apply economic analysis to a range of environmental management problems, focusing on developing country examples; should understand why certain environmental problems occur and the possible options available for their resolution; and should be able to analyse the relationships between economic and ecological systems.

Timetable

One 2-hour lecture each week for 10 weeks.

Assessment

■ Coursework: essay (25% of final grade for course)

■ Examination: two-hour end-of-course examination (75% of final grade for course).

Main Assessment In: December

Course Aims

This course covers a number of important topics in environmental economics of relevance to both developed and developing countries, including environmental valuation, cost-benefit analysis, market and policy failure, trade and the environment, the economics of pollution control and climate change, including the analysis of international environmental agreements.
We do not assume any prior knowledge of economics, although students with no prior knowledge may have to work a little harder. Our focus is on the application of the environmental economists' toolbox to problems in developing counties and the applicability of lessons from developed economies

Intended Learning Outcomes of Course

By the end of the course, students should be able to:

■ Appreciate the justification for having environmental economics as a discipline and its' increasing policy relevance

■ Understand the areas of environmental economics covered in the lectures

■ Be able to apply economic analysis to a range of environmental management problems, focussing on developing country examples.

■ Understand why certain environmental problems occur and the possible options available for their resolution.

Minimum Requirement for Award of Credits

Students must submit at least 75% by weight of the components (including examinations) of the course's summative assessment.