Objectives: To provide both an understanding of the interrelationships between the economy and the environment, and the skills and knowledge to understand how economic principles apply to the formulation and evaluation of environmental policies.
Learning Outcomes: Upon completion of this module, students will be able to identify key links and dependencies between the economy and the environment, explain how existing (or missing) market mechanisms cause environmental challenges apply fundamental economic theories and concepts to environmental challenges discuss and counter the methods for translating environmental impacts into economic terms design and evaluate policies to address specific environmental challenges effectively synthesize the theoretical and empirical evidence on the effectiveness of environmental policies
Acquisition of skills:critically evaluate conflicting academic views and evidence in academic and political debates apply discipline knowledge to develop critically assessed policy solutions to address identified environmental problems