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IB834 - Sustainability & the Low Carbon Economy

  • Module code: IB834
  • Module name: Sustainability & the Low Carbon Economy
  • Department: Warwick Business School
  • Credit: 10

Content and teaching | Assessment | Availability

Module content and teaching

Principal aims

"The Global Energy MBA is a course that combines the cross-functional education of management practices offered by WBS’s current MBA with a focus on the issues and challenges of the energy industry. Activities within the industry are increasingly interdependent, operate on a global scale and face considerable challenges in meeting society’s goals of secure, reliable and affordable energy while avoiding the feared consequences of climate change. This module focuses on the challenge of achieving sustainable energy and takes an economic perspective on what is or may be required to achieve a “low carbon economy”. The economic principles of how a company operates within a market, a national economy and a global economy will have been established in the pre-requisite course, Economics of the Business Environment. This module takes this further to consider the economic constraints and disruptions that may be necessary to achieve publically stated goals of sustainability. It will consider the policy requirements associated with achieving a low carbon economy, building on the principles of policy-making and regulation taught in the core module, Business, Governments & Regulators. It will consider the role of economic incentives (e.g. to develop certain technologies or encourage adoption), looking at how incentives have been used in the past and what they have achieved. It will look at what economic instruments may be used (e.g. efficient carbon trading) and the challenges they face in implementation. In all cases, it will draw the parallels between the challenges of achieving a low carbon economy with the more familiar challenges with managing an economy, reflected in the established principles of monetary policy. The module challenges the participants to consider the economic implications of an issue such as climate change and to understand what it may mean to the workings of economies at local, national and international levels. With this understanding, the participants will be better able to guide the actions of their companies through the challenges faced in achieving a low carbon economy. "

Principal learning outcomes

Subject knowledge and understanding: Understand the goals and rationale of a low carbon economy; Understand national and international economic systems; Demonstrate familiarity with policy-making and the role of incentives and instruments in achieving economic goals; Apply established principles of monetary policy to the issue. Cognitive Skills: Apply economic principles to a specific situation; relate concepts to reality; Scale their comprehension of economic models between local, national & international levels; Understand the complexity involved in effecting change in economic systems. Key Skills: Develop their awareness of how overall economic issues affect society; Relate economic issues to the activities of a firm and their own activities as managers & view such an issue from the perspectives of other nations, companies and so increase ability to forge partnerships to address such issues. Subject-Specific/Professional Skills: Increase their awareness of economics as a discipline affecting their roles as managers; Understand how external factors can impact a firm.

Timetabled teaching activities

"Total contact hours: 15 hours; Lectures during residential weekeakers during residential week, or webcasts: One @ 1hr each = 1hr; Group work sessions during residential week: One per day @ 2hr each = 4hr; Module duration (weeks, if applicable): Overall module duration is 12 weeks Other (please describe):e.g. distance-learning, intensive weekend teaching: The blended learning approach supports learning throughout the module duration through: A comprehensive course handbook for effective self study; Use of my.wbsLive to provide online seminars & webcasts; Group work supported by my.wbs; A moderated, individual online learning log that allows in a reflective manner; Individual assignments where people apply the principles of the module to a situation in their own company, or one of their choosing."

Departmental link

https://my.wbs.ac.uk

Module assessment

Assessment group Assessment name Percentage
10 CATS (Module code: IB834-10)
A (Assessed work only) Assessed Course Work 80%
Assessed Course Work 20%

Module availability

This module is available on the following courses:

Core

N/A

Optional Core

N/A

Optional
  • Postgraduate Taught Business Administration (N1P2) - Year 10
  • Postgraduate Taught Business Administration (N1P2) - Year 2
  • Postgraduate Taught Business Administration (N1P2) - Year 3
  • Postgraduate Taught Business Administration (N1P2) - Year 4
  • Postgraduate Taught Business Administration (N1P2) - Year 5
  • Postgraduate Taught Business Administration (N1P2) - Year 6
  • Postgraduate Taught Business Administration (N1P2) - Year 7
  • Postgraduate Taught Business Administration (N1P2) - Year 8
  • Postgraduate Taught Business Administration (N1P2) - Year 9
  • Postgraduate Taught Business Administration (for the Global Energy Industry) (N1PN) - Year 10
  • Postgraduate Taught Business Administration (for the Global Energy Industry) (N1PN) - Year 2
  • Postgraduate Taught Business Administration (for the Global Energy Industry) (N1PN) - Year 3
  • Postgraduate Taught Business Administration (for the Global Energy Industry) (N1PN) - Year 4
  • Postgraduate Taught Business Administration (for the Global Energy Industry) (N1PN) - Year 5
  • Postgraduate Taught Business Administration (for the Global Energy Industry) (N1PN) - Year 6
  • Postgraduate Taught Business Administration (for the Global Energy Industry) (N1PN) - Year 7
  • Postgraduate Taught Business Administration (for the Global Energy Industry) (N1PN) - Year 8
  • Postgraduate Taught Business Administration (for the Global Energy Industry) (N1PN) - Year 9