ECON3127 Environmental Economics - 2024Python

Java Python ECON3127 Environmental Economics - 2024

Published on the 25 Aug 2024

General Course Information

Course Code :  ECON3127 Year :  2024

Term :  Term 3

Teaching Period :  T3

Course Details & Outcomes

Course Description

The environment is one of the most important and most debated modern policy issues. This

course provides an economic perspective on this debate. We will discuss the reasons behind

why environmental problems exist, why unregulated markets sometimes fail in this context, and potential economic solutions to these problems, which include regulations, taxes, subsidies, and pollution permit trading schemes. We will also cover methods for determining the benefts and    costs of environmental preservation. The course will equip you with the necessary knowledge to take part in the discussion about environmental policy from an economic perspective.

Please note: this course was previously badged as ECON2127.

Course Aims

This course is offered as part of the economics stream in the BCom and BEc degrees. A

prerequisite for this course is ECON2101. This course aims at developing and deepening your    economic thinking regarding local and global environmental problems, such as air pollution and climate change, and expanding your knowledge of economic solutions to such problems.

Course Learning Outcomes

Course Learning Outcomes	Program learning outcomes
CLO1 : Analyse the theoretical basis upon which the sub-discipline has been built.	• PLO1 : Business Knowledge • PLO5 : Responsible Business Practice
CLO2 : Recognise situations in which markets are likely to beinefcient and be able to prescribe a variety of intervention tools to correct the inefciency.	• PLO1 : Business Knowledge • PLO3 : Business Communication • PLO7 : Leadership Development
CLO3 : Critically review how economists attempt to measure environmental benefts,    including the issue of time and discount rates in project analysis.	• PLO1 : Business Knowledge • PLO2 : Problem Solving
CLO4 : Evaluate the rationale of current environmental initiatives including climate change and water reform.	• PLO1 : Business Knowledge • PLO2 : Problem Solving • PLO3 : Business Communication • PLO5 : Responsible Business Practice • PLO6 : Global and Cultural Competence • PLO7 : Leadership Development

Learning and Teaching Technologies

Moodle - Learning Management System | Echo 360

Learning and Teaching in this course

Approach to Learning and Teaching in the Course

The lectures, tutorials and assessment have been designed to appropriately challenge students and support the achievement of the desired learning outcomes. A climate of inquiry and dialogue is encouraged between students and teachers and among students (in and out of class). The lecturers and tutors aim to provide meaningful and timely feedback to students to improve learning outcomes