ENMP05 - Environmental Economics






Credit value


Module Co-ordinator

Professor Nick Hanley

Contact hours

10 3-hour classes. In each class, the first hour will be used to revise material covered in the previous class. The remainder of the class will be used to introduce new material.


50% one essay

50% examination (resit available)


  • To enable students to understand and apply economic theory and methodologies to the better understanding of environmental problems;
  • To enable students to become competent in applying economic analysis to improving the design of environmental policy.

 Learning outcomes

 Knowledge and understanding of

  • how economics and the environment are two interlinked systems
  • the market: how it works, when it works, when it does not work
  • the economics of pollution control: pollution taxes and tradable permits
  • values and the environment - concepts and methods, environmental cost-benefit analysis
  • the economics of sustainable development
  • growth and the environment: the Environmental Kuznets Curve
  • trade and the environment
  • the economics of renewable resources: fisheries and forests

Introductory reading

 Hanley, N, et al., An Introduction to Environmental Economics

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