Study-Unit Description

Study-Unit Description


TITLE Economics of Environmental Policy

LEVEL 02 - Years 2, 3 in Modular Undergraduate Course



DESCRIPTION The study-unit consists of two components. The first component is theoretical and provides an overview of the concepts of environmental and ecological economics including the economy-environment interaction, economically optimal pollution control, economic instruments for pollution control and economic impacts of other policy instruments, economic evaluation of environmental assets, sustainability, cost-benefit analysis. The second component introduces students to modern environmental issues and policy solutions in the field of renewable and non-renewable resources, pollution, global climate change, biodiversity, waste and case studies in policy solutions.

Study-unit Aims

This aim of this study-unit is to encourage students to develop an ability to objectively and critically analyze environment-economy inter-linkages in theory and in practice.

Learning Outcomes

1. Knowledge & Understanding:

By the end of the study-unit the student will be able to understand how individual behaviour, market forces and government policies combine to affect the environment. By following this study-unit, students will become aware of some of the most important contemporary national and global environmental issues and their drivers as well as the implications of various types of policy responses thereto. The study-unit will also give students the necessary background to understand the economic and political debate on the environment, to access environmental economics literature and to eventually consider undertaking their own research in this very topical field.

2. Skills:
By the end of the study-unit the student will be able to:

- analyze problems and policies relevant to major environmental issues;
- critically evaluate public policies and activities that affect the environment;
- meaningfully engage in discussions in disciplines relevant to environmental problems.

Students following this study-unit will be encouraged to reason, to question and to analyse information, to integrate and synthesise knowledge from a range of sources and environments, to critique the constraints, assumption and limitations of scholarly activity and to think independently, and systematically.

Main Text/s and any supplementary readings

Any of these introductory texts will be useful:

Tietenberg T 2007, Environmental Economics and Policy, Pearson Addison-Wesley.
Field And Field, 2008, Environmental Economics, Mcgraw-Hill/Irwin; 5 Edition.
Turner, Pearce and Bateman, Environmental Economics: An Elementary Introduction (1994).
Pearce And Turner, Economics Of Natural Resources And The Environment, Harvester Wheatsheaf, London 1990.
N Hanley, J F Shogren and B White, Introduction to Environmental Economics, Oxford University Press, 2001.
M Common, S Stagl, Ecological Economics. An Introduction, Cambridge University Press, 2005.
Pearce, Markandya and Barbier, Blueprint for a Green Economy (1989).

Supplementary readings and materials will be made available by the lecturer.

STUDY-UNIT TYPE Lecture, Fieldwork and Seminar

Assessment Component/s Assessment Due Resit Availability Weighting
Classwork See note below No 10%
Assignment See note below Yes 40%
Multiple Choice Questions Examination (1 Hour) See note below Yes 50%
Note: Assessment due will vary according to the study-unit availability.

LECTURER/S Lino Briguglio
Marie Briguglio (Co-ord.)
Glen William Spiteri
Jonathan Spiteri

The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints.
Units not attracting a sufficient number of registrations may be withdrawn without notice.
It should be noted that all the information in the description above applies to study-units available during the academic year 2021/2. It may be subject to change in subsequent years.