Economies worldwide are confronted with severe environmental problems. How can we apply environmental economics to help design, implement and evaluate environmental policies in developed and developing economies? We will discuss the properties of economic growth models with environmental elements and their implications for long-run sustainable development. Then you will explore environmental valuation techniques and how these can be incorporated into economic decision-making processes to contribute to sustainable economic growth and development. You will gain knowledge of the key non-market valuation techniques that are used to monetarily value environmental goods and services. You will be equipped to contribute to improving the protection and management of natural resources and the wider environment, with career opportunities in national and local government, environmental regulation, environmental consultancy, NGOs and research organisations.
Lecture 16, Seminar 16
The module is optional for the following courses
MSc Economics
MSc Economics & Data Science
MSc Finance and Economics
Short writing piece . Assessment Details: Critical analysis (blog) 1,500 words worth 20%.
Report. Assessment Details: Report 2500 words worth 80%.
Reassessment Method: Single Instrument,100%, written assessment (2,500 words report)
The University is committed to ensuring that core reading materials are in accessible electronic format in line with the Kent Inclusive Practices. The most up to date reading list for each module can be found on the university's reading list pages.
On successfully completing the module, students will be able to:
1) Draw on a systematic understanding and critical awareness of current problems in environmental economics to construct complex economic arguments related to sustainable economic growth and environmental valuation in developed and developing economies
2) Critically evaluate rigorous tools of theoretical analysis and empirical modelling used in environmental valuation and, where appropriate, propose new hypotheses, theories and models.
3) Contribute to critical debates about monetary techniques commonly used for the economic valuation of environmental impacts and communicate and debate these techniques through a variety of media.
4) Show originality in the application of knowledge with a practical understanding of how environmental values can be incorporated into development-stimulating economic decision making at the national and project level.
5) Demonstrate self-direction and originality in tackling problems related to the political economy of environmental policy and sustainable growth and act autonomously in planning and implementing solutions to these problems at a professional level.
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