ECO3066 : Environmental Economics
ECO3066 : Environmental Economics
- Offered for Year: 2024/25
- Module Leader(s): Professor Susan Chilton
- Owning School: Newcastle University Business School
- Teaching Location: Newcastle City Campus
Semesters
Your programme is made up of credits, the total differs on programme to programme.
| Semester 1 Credit Value: | 10 |
| ECTS Credits: | 5.0 |
| European Credit Transfer System | |
Pre-requisite
Modules you must have done previously to study this module
| Code | Title |
|---|---|
| ECO2101 | Microeconomic Analysis |
Pre Requisite Comment
ERASMUS Students - equivalent level of microeconomics education.
Co-Requisite
Modules you need to take at the same time
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 (climate change), 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 (the valuation of) non-market public goods from both an analytical and 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; Social Cost of Carbon (Climate Change); Environmental Valuation ; Pollution; Economic Growth and the Environment: Environmental Kuznets Curve
Learning Outcomes
Intended Knowledge Outcomes
An in-depth knowledge of the theoretical and empirical concepts of natural resource and environmental economics, and an ability to critically analyse the use and limitations of these tools to resolve a range of environmental problems.
Intended Skill Outcomes
Critical learning, thinking and problem solving using written and mathematical analysis; reading and interpreting refereed articles to gain a deep understanding of academic perspectives on environmental problems; effective oral presentation of economic arguments.
Teaching Methods
Teaching Activities
| Category | Activity | Number | Length | Student Hours | Comment |
|---|---|---|---|---|---|
| Scheduled Learning And Teaching Activities | Lecture | 5 | 1:00 | 5:00 | Online lectures |
| Scheduled Learning And Teaching Activities | Lecture | 11 | 1:00 | 11:00 | PIP lectures |
| Guided Independent Study | Assessment preparation and completion | 1 | 15:00 | 15:00 | N/A |
| Guided Independent Study | Directed research and reading | 1 | 32:00 | 32:00 | N/A |
| Structured Guided Learning | Structured research and reading activities | 4 | 1:00 | 4:00 | N/A |
| Scheduled Learning And Teaching Activities | Small group teaching | 3 | 1:00 | 3:00 | 3 x PIP |
| Scheduled Learning And Teaching Activities | Drop-in/surgery | 1 | 1:00 | 1:00 | Synchronous |
| Guided Independent Study | Independent study | 1 | 29:00 | 29:00 | N/A |
| Total | 100:00 |
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.
Structured Guided Reading sessions will develop competence in reading and interpreting academic Journal articles.
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
Other Assessment
| Description | Semester | When Set | Percentage | Comment |
|---|---|---|---|---|
| Written exercise | 1 | A | 100 | N/A |
Assessment Rationale And Relationship
The written exercise at the end of Semester 1 is designed to encourage study and to test student understanding of the fundamental theoretical and empirical underpinnings of one or more selected topics within the module and to demonstrate information gathering and interpretive skills with respect to an academic Journal article. natural resource ad environmental economics.
Timetable
- Timetable Website: www.ncl.ac.uk/timetable/
- ECO3066's Timetable
Past Exam Papers
- Exam Papers Online : www.ncl.ac.uk/exam.papers/
- ECO3066's past Exam Papers
General Notes
N/A
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Disclaimer
The information contained within the Module Catalogue relates to the 2024 academic year.
In accordance with University Terms and Conditions, the University makes all reasonable efforts to deliver the modules as described.
Modules may be amended on an annual basis to take account of changing staff expertise, developments in the discipline, the requirements of external bodies and partners, and student feedback. Module information for the 2025/26 entry will be published here in early-April 2025. Queries about information in the Module Catalogue should in the first instance be addressed to your School Office.