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2010/1 Module Catalogue
Module Provider: Economics Short Name: ECO3035
Level: HE3 Module Co-ordinator: NEWMAN ME Mrs (Economics)
Number of credits: 30 Number of ECTS credits: 15
Module Availability
All Year
Assessment Pattern
Unit(s) of Assessment

Weighting Towards Module Mark %

3 Hour Examination




Qualifying Condition(s)
A weighted aggregated mark of 40% is required to pass the module.
Module Overview

In recent years, our use of energy, the environment and natural resources has become central policy question for governments across the world. This module examines why this is and looks at the solutions that economics offers for the problem of how 'best' to use these vital resources.


Module Aims
The module aims to provide students with an ability to understand the nature of energy, environmental and natural resource problems from an economist's perspective. It also aims to help students to be able to critique current environmental policies using economic theory and evidence.
Learning Outcomes

By the end of the module students will:-

  • Understand the meaning of common terms used in the literature of environmental and natural resource economics
  • Have gained a critical appreciation of the various methods of measuring environmental costs and damages
  • Be able to assess policy towards local, national and global environmental issues
  • Understand the principal theories formulated by natural resource economists
  • Understand potential links between environmental growth and natural resource depletion.
Module Content

An indicative list of topics is:-

  • The environment as an economic, resource sustainability and sustainable development
  • Externality control policies and instruments
  • The measurement and valuation of damage and control costs
  • Depletion models of non-renewable natural resources and their preditive ability
  • Natural resources and growth 
  • Energy policy
Methods of Teaching/Learning
Lectures/seminars (40 hrs)
Selected Texts/Journals
The following texts will be useful for selected parts of the module:
  • Conrad, J.M., Resource Economics, Cambridge U.P., 1999
  • Perman, R., et al., Natural Resource & Environmental Economics, 3rd Ed., Pearsib, 2003.
Readings will be distributed during class
Last Updated
6 October 2010