Sustainable Economic Growth and Environmental Valuation - ECON8400

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Module delivery information

Location Term Level1 Credits (ECTS)2 Current Convenor3 2022 to 2023
Spring Term 7 15 (7.5) Adelina Gschwandtner checkmark-circle


Developing economies are confronted with severe environmental problems. This module starts with presenting economic growth models with environmental elements and discusses their properties and implications for long-run sustainable development. It then proceeds by illustrating environmental valuation techniques and showing how these can be incorporated into economic decision-making processes in order to contribute to sustainable economic growth and development. The main emphasis in the module is on the application of environmental economics to help design, implement and evaluate environmental policies in developed and developing economies.


Contact hours

Total contact hours: 24
Private study hours: 126
Total study hours:150


This is a compulsory module for the:

* MSc Development Economics

Method of assessment

Essay (1500 words) (20%)
Examination, 2 hours (80%)

**Please note that the exam in May/June 2023 will be Online (24 hour window)**

Reassessment Method: 100% Exam

Indicative reading

Core reading

* Van den Berg, Hendrik. Economic Growth and Development. World Scientific Publishing 2017.

* Garrod, Guy and Kenneth Willis. Economic valuation of the environment: Methods and case studies. Edward Elgar, 2000.

Recommended reading

* Daly, Herman. Beyond Growth: the Economics of Sustainable Development. Beacon Press, 1997.

This list will be augmented by the articles from applied economics journals.

See the library reading list for this module (Canterbury)

Learning outcomes

On successfully completing the module students will be able to:

8.1. Develop strong ability to construct complex economic arguments related to sustainable economic growth and environmental valuation in developing economies context.

8.2. Become familiar with rigorous tools of theoretical analysis and empirical modelling used in environmental valuation.

8.3. Comprehensively understand monetary techniques commonly used for the economic valuation of environmental impacts and critically evaluate their limitations in a context of a developing economy.

8.4. Show how environmental values can be incorporated into development-stimulating economic decision making at the national and project level.

8.5. Demonstrate critical understanding of the political economy of environmental policy and sustainable growth in developing economies.


  1. Credit level 7. Undergraduate or postgraduate masters level module.
  2. ECTS credits are recognised throughout the EU and allow you to transfer credit easily from one university to another.
  3. The named convenor is the convenor for the current academic session.
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