Module Catalogue 2014/15

ECO2006 : Natural Resource and Environmental Economics

  • Offered for Year: 2014/15
  • Module Leader(s): Prof. Susan Chilton
  • Owning School: Newcastle University Business School
Semesters
Semester 1 Credit Value: 10
ECTS Credits: 5.0
Pre Requisites
Code Title
ECO1002Economic Analysis
Pre Requisite Comment

N/A

Co Requisites
Co Requisite Comment

N/A

Aims

To set out the basic theory of how environmental resources such as minerals, wild animals (e.g. fish or elephants), the assimilative capacity of the atmosphere, or the diversity of the biosphere, can be allocated to maximise some economic objective, but also to examine the major concerns of environmental economists – sustainability pollution, externalities and non-market public goods from a policy perspective.

Outline Of Syllabus

Sustainability concepts; Introduction to Growth Functions and Extraction Paths/Maximum Sustainable Yield;
Optimal Resource Extraction: Non-Renewable Resources ; Optimal Resource Extraction: Renewable Resources; Problems With Optimisation: Optimal Extraction Of “Transitional” Resources: e.g Assimilative Capacity Of The Atmosphere; Environmental Valuation ; Pollution; Economic Growth and the Environment: Environmental Kuznets Curve

Learning Outcomes

Intended Knowledge Outcomes

A knowledge and coherent understanding of the basic economic theoretical concepts of natural resource and environmental economics, and an awareness of associated analytical tools and policy implications.

Intended Skill Outcomes

Effective learning, thinking and problem solving; analytical skills needed to present and defend economic arguments related to the natural environment; effective oral presentation of economic arguments.

Graduate Skills Framework

Graduate Skills Framework Applicable: Yes
  • Cognitive/Intellectual Skills
    • Critical Thinking : Assessed
    • Active Learning : Present
    • Numeracy : Present
    • Literacy : Assessed
    • Information Literacy
      • Source Materials : Present
      • Synthesise And Present Materials : Present
  • Self Management
    • Personal Enterprise
      • Independence : Present
  • Interaction
    • Communication
      • Oral : Present
      • Interpersonal : Assessed
      • Written Other : Assessed
  • Application
    • Social Cultural Global Awareness : Present

Teaching Methods

Teaching Activities
Category Activity Number Length Student Hours Comment
Scheduled Learning And Teaching ActivitiesLecture141:0014:00N/A
Guided Independent StudyAssessment preparation and completion132:0032:00N/A
Guided Independent StudyDirected research and reading125:0025:00N/A
Scheduled Learning And Teaching ActivitiesSmall group teaching41:004:00N/A
Guided Independent StudyIndependent study125:0025:00N/A
Total100:00
Teaching Rationale And Relationship

Lectures explain the basic economic theory underpinning optional natural resource exploitation and environmental problems.
Seminars enhance learning and provide an opportunity for students to monitor their own progress through problem solving and discussions and orally present economic arguments relating to the natural environment.
Private study provides opportunity for students to monitor their own progress through problem solving and discussions.

Reading Lists

Assessment Methods

The format of resits will be determined by the Board of Examiners

Exams
Description Length Semester When Set Percentage Comment
Written Examination1201A100N/A
Assessment Rationale And Relationship

The unseen examination at the end of Semester 1 is designed to encourage study and to test student understanding of the fundamental theoretical and empirical underpinnings of natural resource ad environmental economics.

Timetable

Past Exam Papers

General Notes

Original Handbook text:

Note: The Module Catalogue now reflects module information relating to academic year 14/15. Please contact your School Office if you require module information for a previous academic year.

Disclaimer: The University will use all reasonable endeavours to deliver modules in accordance with the descriptions set out in this catalogue. Every effort has been made to ensure the accuracy of the information, however, the University reserves the right to introduce changes to the information given including the addition, withdrawal or restructuring of modules if it considers such action to be necessary.