Study Abroad and Exchanges



ECO2006 : Environmental Economics (Inactive)

Semester 1 Credit Value: 10
ECTS Credits: 5.0


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

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
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.

Assessment Methods

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

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.

Study Abroad Alternative Assessment: 100% Essay

Reading Lists