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EC138 - Introduction to Environmental Economics

  • Module code: EC138
  • Module name: Introduction to Environmental Economics
  • Department: Economics
  • Credit: 15

Content and teaching | Assessment | Availability

Module content and teaching

Principal aims

Environmental economics studies how economic activity and policy may affect the environment in which we live. This course provides students with theoretical and methodological tools that allow them to apply principles of economics to study how natural resources are (or should be) evaluated and managed. Contemporary environmental problems, such as climate change, sustainable development and transboundary pollution are discussed in light of the concepts introduced in the first part of the course.

Principal learning outcomes

By the end of the module the students should be able to: Apply fundamental concepts, such as market failure, household behaviour, transaction costs and willingness to pay to the study of environmental economics; Understand key concepts used by environmental economists, (as well as political scientists) such as public goods (and “bads”), use and non-use value, the tragedy of the commons, irreversibility and the precautionary principle; Be acquainted with the main tools used to value environmental goods and services; Approach environmental problems from an analytical perspective; Use economic arguments to discuss environmental policy proposals; Understand the interdisciplinary nature of environmental economics.

Timetabled teaching activities

20 Lecture hours and 4 Support and Feedback classes.

Departmental link

Module assessment

Assessment group Assessment name Percentage
15 CATS (Module code: EC138-15)
A1 (Assessed work only) Project Proposal (600 words) 20%
  Group Presentation 10%
  Final Project (2500 words) 70%
VA (Visiting students only) 100% assessed Visiting/Exchange PART YEAR ONLY 100%

Module availability

This module is available on the following courses:



Optional Core
  • Undergraduate Economic Studies and Global Sustainable Development (L1L8) - Year 1
  • Undergraduate Economics 3 Year Variants (L100) - Year 1
  • Undergraduate Economics 3 Year Variants (L116) - Year 1
  • Undergraduate Economics, Politics and International Studies (LM1D) - Year 1
  • Undergraduate Philosophy, Politics and Economics (V7ML) - Year 1