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Seu336e Course Outline

This 3-credit course on Environmental and Natural Resource Economics (code SEU336E) has Dr. Siti Rahyla Rahmat as the lecturer. The course objectives are to apply economic principles to assess environmental and natural resource management, planning, and policy. It will discuss concepts like market failures, cost-benefit analysis, and methods to value the environment. The course outline covers topics such as property rights, externalities, resource allocation of depletable and renewable resources, and economics of pollution control. References include books by Tietenberg, Field, Berck, and Hanley. Course assessment is based on coursework (40%) and a final exam (60%).

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115 views2 pages

Seu336e Course Outline

This 3-credit course on Environmental and Natural Resource Economics (code SEU336E) has Dr. Siti Rahyla Rahmat as the lecturer. The course objectives are to apply economic principles to assess environmental and natural resource management, planning, and policy. It will discuss concepts like market failures, cost-benefit analysis, and methods to value the environment. The course outline covers topics such as property rights, externalities, resource allocation of depletable and renewable resources, and economics of pollution control. References include books by Tietenberg, Field, Berck, and Hanley. Course assessment is based on coursework (40%) and a final exam (60%).

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williamnyx
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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COURSE

COURSE CODE
CREDIT
PRE-REQUISITE
Name of Lecturer
Office
Extension No

: Environmental and Natural Resource Economics


: SEU336E
:3
:SEW101 Microeconomics
:Dr Siti Rahyla Rahmat
:C13/102
:4612

COURSE OBJECTIVES :
This course applies economic principles in the assessment of the effectiveness of
environmental and natural resource management, planning and policy. The course begins by
discussing the concepts and issues related to ENR economics and management. The next
section is on the environmental problems due to market failure which arises from ill-defined
property rights, externalities, market imperfect structures and the provision of public goods. It
then continues by relating and extending cost-benefit analysis to environmental quality by
showing how damages to the environment can be estimated. The students are then introduced
to different valuation methods of estimating the economic values for environmental and
ecosystem goods and services, including the market price, hedonic pricing and travel cost
methods. The following section deals with the allocation and management of the various
types of depletable and renewable resources. The final section covers the economics of
pollution control.
COURSE OUTLINE
:
1.
Introduction
2.
Property Rights, Externalities and Environmental Problems
3.
Evaluating policy choices: Cost-benefit analysis (CBA)
4.
Valuing the Environment: Methods
5.
Time horizons, substitutes and extraction in the allocation of depletable resource
6.
Energy: The transition from depletable to renewable resources
7.
The allocation of recyclable resources: minerals, paper, bottles, and E-waste
8.
The economics of land allocation
9.
Storable renewable resources: Forests
10.
Economics of pollution control
11.
Mobile-source air pollution
12.
The economics of water pollution
13.
Sustainable development
REFERENCES
:
Tietenberg, T. and Lewis, L., Environmental and Natural Resource Economics, 9th edition,
Pearson Addison Wesley, Boston, 2014.
Barry C. Field and Martha K. Field Environmental Economics: An Introduction, 7th edition.
McGraw-Hill Companies, 2017
Berck, P. and Helfand, G., The Economics of the Environment, Pearson Addison Wesley,
Boston, 2011.

Hanley, N.,Shogren, J. and White, B., Introduction to Environmental Economics, 2nd edition,
Oxford University Press, 2013.
Tietenberg, T and Lewis, L., Environmental and Natural Resource Economics, 8th edition,
Pearson Addison Wesley, Boston, 2009.
Other reference materials from journal articles, internet and other sources will also be used.
COURSE ASSESSMENT :

Coursework 40%
Final Examination 60%

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