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Module

ECO3066 : Environmental Economics

  • Offered for Year: 2020/21
  • Module Leader(s): Professor Susan Chilton
  • Owning School: Newcastle University Business School
  • Teaching Location: Newcastle City Campus
Semesters
Semester 1 Credit Value: 10
ECTS Credits: 5.0

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 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; 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

Please note that module leaders are reviewing the module teaching and assessment methods for Semester 2 modules, in light of the Covid-19 restrictions. There may also be a few further changes to Semester 1 modules. Final information will be available by the end of August 2020 in for Semester 1 modules and the end of October 2020 for Semester 2 modules.

Teaching Activities
Category Activity Number Length Student Hours Comment
Structured Guided LearningLecture materials181:0018:00N/A
Guided Independent StudyAssessment preparation and completion115:0015:00N/A
Guided Independent StudyDirected research and reading124:0024:00N/A
Structured Guided LearningStructured research and reading activities101:0010:00N/A
Scheduled Learning And Teaching ActivitiesSmall group teaching31:003:00N/A
Scheduled Learning And Teaching ActivitiesWorkshops21:002:00N/A
Scheduled Learning And Teaching ActivitiesDrop-in/surgery80:304:00N/A
Guided Independent StudyIndependent study124:0024:00N/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.

Assessment Methods

Please note that module leaders are reviewing the module teaching and assessment methods for Semester 2 modules, in light of the Covid-19 restrictions. There may also be a few further changes to Semester 1 modules. Final information will be available by the end of August 2020 in for Semester 1 modules and the end of October 2020 for Semester 2 modules.

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

Other Assessment
Description Semester When Set Percentage Comment
Written exercise1A100N/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 selected topics within natural resource ad environmental economics.

Reading Lists

Timetable