ENEP019 - Environmental Valuation






Credit value


Module Co-ordinator




Contact hours

24 lectures + 10 computing lab classes + 6 tutorials/presentations (40 contact hours)


25% group presentation

50% individual report on computer lab exercises

25% examination (resit offered)


  • To provide students with an understanding of the theory and practice of the main econometric methods used by energy and environmental economists.
  • To equip students with the confidence to conduct appropriate econometric analysis when researching energy and resource issues.  
  • To enable students to critically assess the results obtained from econometric analysis.

Learning outcomes

 Knowledge and understanding of:

  • Econometric methods used by energy and environmental economists.
  • Environmental valuation methods: reveal and stated preferences.
  • Cost-benefit analysis and environmental policy evaluation.
  • International agreements.
  • Public preferences towards climate policy.
  • How to critically read scientific papers.

Introductory reading

Wooldridge, (2008), Introductory Econometrics: A Modern Approach

Champ, Boyle and Brown (2003) A Primer on Nonmarket Valuation.

Haab and McConnell (2002) Valuing Environmental and Natural Resources: The Econometrics of Non-Market Valuations.

Students are also encouraged to read papers in a number of journals: Journal of Environmental Economics and Management, Environment and Resource Economics, Land Economics, Ecological Economics, Energy Economics, Resource and Energy Economics and Ecological Economics.

This module information is representative of what is included in the module in a given year. Details of actual reading, lectures and coursework may vary year to year and will be available at the beginning of the semester.

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