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ES50058: Environmental regulation

Academic Year: 2018/9
Owning Department/School: Department of Economics
Credits: 6      [equivalent to 12 CATS credits]
Notional Study Hours: 120
Level: Masters UG & PG (FHEQ level 7)
Period:
Semester 2
Assessment Summary: CW 30%, EX 70%
Assessment Detail:
  • EXAMINATION (EX 70%)
  • COURSEWORK (CW 30%)
Supplementary Assessment:
ES50058B - RESIT EXAMINATION (where allowed by programme regulations)
Requisites:
Description: Aims:

* To illustrate the application of modern analytic tools in microeconomics to key environmental issues and problem;
* To introduce new techniques and methods for the analysis of contemporary environmental issues;
* To encourage a critical perspective towards different views and methods put forward as solutions to environmental problems.

Learning Outcomes:
Students should:
* understand why environmental problems arise;
* understand how relaxing assumptions regarding the nature of pollutants affects policy design;
* be able to critically appraise the procedures which economists use in the design and implementation of environmental policy instruments;
* have sufficient skills to begin to design a policy instrument.

Skills:
Ability to develop rigorous arguments through precise use of concepts and mathematical models (Taught/Facilitated/Assessed)
Ability to select, summarise and synthesis written information from multiple sources (T/F/A)
Ability to select and use appropriate ideas to produce a coherent response to a pre-set question (T/F/A)
Comprehensive and scholarly written communication (T/F/A)
Concise and effective written communication (e.g. briefings / written exams) (T/F/A)
Effective oral communication (e.g. lecture question and answer) (F)
Ability to apply theory to policy areas (T/F/A)

Content:
Topics will include: The economy-environment interaction. Market failure and externalities. Command & control and market based instruments. Uncertainty, Moral hazard & adverse selection. Strict liability and negligence. Brief overview of the international context. Introduction to the valuation of environmental goods. 		Students must have a good first degree in Economics or equivalent to take this unit.
Programme availability:

ES50058 is a Designated Essential Unit on the following programmes:

Department of Economics
  • THES-AFM18 : MSc Applied Economics with Environmental Policy

ES50058 is Optional on the following programmes:

Department of Economics

Notes:

  • This unit catalogue is applicable for the 2018/19 academic year only. Students continuing their studies into 2019/20 and beyond should not assume that this unit will be available in future years in the format displayed here for 2018/19.
  • Programmes and units are subject to change in accordance with normal University procedures.
  • Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.
  • Undergraduates: .
  • Postgraduates: .