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This course takes an interdisciplinary approach combining aspects of economics, environmental science, and computer modelling & simulation to better understand current issues about Economics and the Environment.ÌýThe learning aims of the module are flexible and allow a student to focus on specific areas of their own interest and take strongly computational, strongly qualitative approaches or anything in between. Group work is an essential part of the course.

Aims:

• Familiarise you, quantitatively and qualitatively, with important issues in environmental economics and environmental policy making such as
  • Anthropogenic global warming,
  • The sustainable use of resources such as fish and forests and
  • Environmental pollution.
• Give you hands-on experience in modelling complex economic + environmental systems.
• Help you understand the basic natural processes affecting the environment.
• Introduce to you the main tools and challenges involved in environmental valuation.
• Show you ways to determine the efficient level of pollution and discuss the instruments available to policy makers to reach such targets.
• Engage you in the discussion about the role externalities and public goods play for environmental policy making.
• Show you ways to determine the optimal use of renewable and non-­renewable resources that includes intertemporal optimisation of utility.

Suitable For:

Year-2 and finalists of the following degree programmes automatically satisfy the entry requirements: Economics (L100 / L101 / L102), BSc Economics and Statistics (LG13), BSc Economics and Geography (LL17), BA Philosophy and Economics (VL51), BSc in Mathematics with Economics (…), and BASc Science Pathway (Y000/Y001). Open to other students satisfying the prerequisites (below).

Prerequisites:Ìý

Students should have taken courses equivalent to our first-year modules ECON0002: Economics and ECON0006: Mathematics for Economics for Joint Degree students. Equivalent combinations can involve SESS0007+SESS0008+MATH0012 or NSCI0005+MATH0002.

Assumed knowledge:

The students are assumed to have a working knowledge of basic linear algebra, matrix algebra and calculus at level 4 equalling 15 or 30 credits Furthermore the module assumes a general familiarity with micro- and macroeconomics at level 4 equalling 30 credits.

Some familiarity with coding is recommended but this can be acquired in a few hours using material offered on the ECON0052 Moodle page during the summer prior to the start of the module.