Environmental Economics

ECON20101 Environmental Economics 10 Semester 1 Undergraduate Level 2 Daniel Rigby Unit coordinator Economics 1 FHEQ level (Framework for Higher Education Qualifications) ' Middle part of Bachelors ' European Credit Transfer & Accumulation System Rating : 5.0 The aim of this module is to introduce students to how environmental problems are conceptualised within economic theory, and how that conceptualisation tracks through to the design & evaluation of policies aimed at addressing environmental problems. The unit involves formal economic theory, evaluation of empirical evidence and engagement with some of the tools that environmental economists use in practice.  The aim of this module is to introduce students to how environmental problems are conceptualised within economic theory, and how that conceptualisation tracks through to the design & evaluation of policies aimed at addressing environmental problems. The unit involves formal economic theory, evaluation of empirical evidence and engagement with some of the tools that environmental economists use in practice.  The unit aims to:  The aims of this course are to explore the use of economic analysis to investigate the causes, consequences and possible solutions to problems associated with degradation of the environment due to economic activity.  At the end of the course unit, students will be able to understand and explain:  1. the history of environmental economic thought;  2. how neoclassical economics frames environmental problems in terms of market failure;  3. the theory and practice of valuing, in monetary terms, changes in environmental quality;  4. cost-benefit analysis, including the discounting of future values;  5. the economics of environmental regulation;  6. the economics of climate change and associated policy   At the end of the course unit, students will be able to: 1. Understand how neoclassical economics conceptualises environmental problems in terms of market failure 2. Understand the theory and practice of valuing, in monetary terms, changes in environmental quality  and use of such values in cost-benefit analysis 3. Understand the economics of alternative approaches to regulating local and global pollution including emission standards, technology-based regulations, pollution taxes, subsidies, and tradable pollution permits 4. the economics of climate change and its implications for policy designAwareness and knowledge as well as the ability to communicate on these issues will be an important skill in a job market in which all organisations (government, business and charities) will have to respond to environmental challenges. (i) Understand the economics of environmental problems and the theory and practice of environmental regulation (ii) Develop and utilise problem-solving skills (iii)  The ability to analyse and interpret empirical data (i) The ability to analyse and interpret empirical data (ii)The ability to analyse economic mechanisms and policies  (iii)The ability to select and deploy relevant information     (i) select and deploy relevant information; (ii) communicate ideas and arguments in writing and verbally; (iii) apply skills of analysis and interpretation; (iv) manage time and work to deadlines; (v) ability to work in a small group. Analytical skills Problem solving Topic 1 Introduction to Environmental Economics  Topic 2 Economic Valuation of Environmental Change  Topic 3 Cost Benefit Analysis & Discounting  Topic 4 The Economics of Environmental Regulation  Topic 5 The Economics of Climate Change    16 hours Lectures  5 hours Tutorials  79 hours independent study  0 Other 100% Timed written Assignment (Cadmus) (1000 words/1 Hour) 60% 2 x Online Mobius Test (20 questions/40 minutes) 2 x 20 <ul><li>Timed written Assignment - On essays and aggregate feedback document on Bb </li><li>2 x Online Mobius Test - Auto feedback available on mark release in Mobius Test Gradebook &  discussion on Piazza</li></ul> ECON10061 Introductory Mathematics Pre-Requisite Compulsory ECON10071A Advanced Mathematics Pre-Requisite Compulsory ECON10171 Principles of Microeconomic Theory 1: Consumers, Welfare, Production and Costs Pre-Requisite Compulsory ECON10221 Microeconomics 1 Pre-Requisite Compulsory ECON10331 Microeconomics 1 Pre-Requisite Compulsory ECON10071B Advanced Mathematics Pre-Requisite Compulsory (ECON10331 OR ECON10221 OR ECON10171) AND (ECON10061 OR ECON10071)(ECON10331 or ECON10221 or ECON10171) and (ECON10061 or ECON10071) Y Topic 1. Introduction to Environmental Economics  ‘Chapters 1-4’, in Brian Roach Jonathan M. Harris, Environmental and Natural Resource Economics: A Contemporary Approach (5th edition, Routledge 2920)  ‘Chapters 1 and 2’ in Hanley, Shogren and White, Introduction to environmental economics  (Third edition, Oxford University Press 2019)  https://www.readinglists.manchester.ac.uk/leganto/public/44MAN_INST/citation/348835785780001631?auth=CAS  Sandmo A, ‘The Early History of Environmental Economics’ (2015) Review of Environmental Economics And Policy 9 (43)  https://www.readinglists.manchester.ac.uk/leganto/public/44MAN_INST/citation/347303377330001631?auth=CAS  ‘Chapter 4 Welfare Economics and the Environment’ in Perman et al, Natural resource and environmental economics (4th edition)  https://www.readinglists.manchester.ac.uk/leganto/public/44MAN_INST/citation/348835957620001631?auth=CAS Topic 2. Environmental Valuation  https://www.readinglists.manchester.ac.uk/leganto/public/44MAN_INST/lists/345314084130001631?auth=CAS§ion=348836062900001631‘Chapter 6’, in Brian Roach Jonathan M. Harris, Environmental and Natural Resource Economics: A Contemporary Approach (5th edition, Routledge 2920)  https://www.readinglists.manchester.ac.uk/leganto/public/44MAN_INST/citation/348836112740001631?auth=CAS  ‘Chapters 3 and 4’ in Hanley, Shogren and White, Introduction to environmental economics  (Third edition, Oxford University Press 2019)  https://www.readinglists.manchester.ac.uk/leganto/public/44MAN_INST/citation/348839805920001631?auth=CAS‘Chapter 12 Valuing the Environment’ in Perman et al, Natural resource and environmental economics  https://www.readinglists.manchester.ac.uk/leganto/public/44MAN_INST/citation/348839809960001631?auth=CAS  Barbier E (ed), ‘Chapters 3-6’ in Hanley, Shogren and White, Pricing nature: cost-benefit analysis and environmental policy  (Edward Elgar 2009)  https://www.readinglists.manchester.ac.uk/leganto/public/44MAN_INST/citation/348839817500001631?auth=CAShttps://www.readinglists.manchester.ac.uk/leganto/public/44MAN_INST/citation/348839992320001631?auth=CAS Topic 3. Discounting and Cost-Benefit Analysis  https://www.readinglists.manchester.ac.uk/leganto/public/44MAN_INST/lists/345314084130001631?auth=CAS§ion=348840096190001631  ‘Chapter 7’, in Brian Roach Jonathan M. Harris, Environmental and Natural Resource Economics: A Contemporary Approach (5th edition, Routledge 2920)  https://www.readinglists.manchester.ac.uk/leganto/public/44MAN_INST/citation/348840122010001631?auth=CAS‘Chapter 11 Cost-Benefit Analysis’ in Perman et al, Natural resource and environmental economics  https://www.readinglists.manchester.ac.uk/leganto/public/44MAN_INST/citation/348840156870001631?auth=CAS  Bateman Ian (ed), ‘Chapters 2, 7 and 13’, Economic valuation with stated preference techniques : a manual  (Edward Elgar 2002)  HM Treasury.  The Green Book. Central Government guidance on appraisal and evaluation 2022. https://www.gov.uk/government/publications/the-green-book-appraisal-and-evaluation-in-central-government/the-green-book-2020  https://www.readinglists.manchester.ac.uk/leganto/public/44MAN_INST/citation/348840170920001631?auth=CAS Topic 4. Environmental Regulation  https://www.readinglists.manchester.ac.uk/leganto/public/44MAN_INST/lists/345314084130001631?auth=CAS§ion=348840192390001631  ‘Chapter 8’, in Brian Roach Jonathan M. Harris, Environmental and Natural Resource Economics: A Contemporary Approach (5th edition, Routledge 2920)  https://www.readinglists.manchester.ac.uk/leganto/public/44MAN_INST/citation/348840240070001631?auth=CAS ‘Chapter 5 (Pollution Control Targets), Chapter 6 (Pollution Control Instruments) and Chapter 7 (Pollution Policy with Imperfect 0 0 0