M.INC.ERST.632: Economics in Environmental Policy

Learning outcome

Prescription: Economic models of environmental decisions. Applied cost-benefit analysis. Economic analysis of policy instruments. Co-dependency of economics, ecology, and human behaviour.

Aim: This subject aims to develop the ability to apply economic analysis to:

  • Identify efficient resource use
  • Model dynamic interactions between economic, natural and social aspects of the environment
  • Aid in the development of environmental policy instruments
  • Critically evaluate environmental policies

Courses and examination

  • Lecture. Exam: Assignments & Projects, Final Exam

Prerequisite for examination: After successful completion of this subject participants will be able to:

  • Design, analyse and evaluate cost-benefit analyses
  • Develop theoretical bio-economic models
  • Develop simple computer based applications of bio-economic models
  • Use models to identify the implications of alternative environmental policies

Further details

  • Admission requirements: None
  • Recommended previous knowledge: None
  • Language: English
  • Person responsible for module: Geoffrey Kerr
  • Course frequency: Each winter semester
  • Duration: One semester
  • Number of repeat examinations permitted: Twice
  • Recommended Semester: First to third semester
  • Maximum number of students: 10