ENERGY AND ENVIRONMENTAL ECONOMICS - 2024/5
Module code: ECOM081
Module Overview
This module introduces the fundamentals of energy and environmental economics to students covering appropriate economic theory, empirical and case studies and policy aspects.
Module provider
Economics
Module Leader
CHITNIS Mona (Economics)
Number of Credits: 15
ECTS Credits: 7.5
Framework: FHEQ Level 7
Module cap (Maximum number of students): N/A
Overall student workload
Workshop Hours: 11
Independent Learning Hours: 87
Lecture Hours: 11
Guided Learning: 30
Captured Content: 11
Module Availability
Semester 2
Prerequisites / Co-requisites
None
Module content
This is an indicative content and will be revised as the module progresses:
- Energy statistics
- Economics of renewable energy
- Energy efficiency and rebound effects
- Economic appraisal of the projects
- Sample empirical studies in energy economics
- Externalities, publics goods and market failure
- Bargaining solutions and direct regulations
- Market-based instruments
- Environmental valuation
- Health and environment
- Climate change
Assessment pattern
| Assessment type | Unit of assessment | Weighting |
|---|---|---|
| Project (Group/Individual/Dissertation) | Project | 50 |
| Examination Online | 2 hr examination within a 4 hr window | 50 |
Alternative Assessment
NA
Assessment Strategy
The assessment strategy is designed to provide students with the opportunity to demonstrate their understanding of the core components of energy and environmental economics, and their ability to transfer skills and knowledge to empirical and real world aspects.
Thus, the summative assessment for this module consists of:
- Project
- Examination
Formative assessment and feedback:
During lecture/workshops, students receive feedback on their answers, and guidance on how these answers could be improved in relation to assessments.
Students will also receive feedback during office hours and through emails. Students will receive short feedback after each assessment.
Module aims
- Expose students to the core components of energy and environmental economics
- Familiarise students with theories in the energy and environmental economics literature, supplemented with applications in current empirical studies
- Prepare students for the study of energy and environmental economics or relevant fields at higher university levels
- Prepare students for careers in the field of energy, environment, and sustainability
- Prepare students for independent work, critical thinking, and creativity
Learning outcomes
| Attributes Developed | Ref | ||
|---|---|---|---|
| 001 | Systematically understand, use or evaluate the economic fundamentals underlying energy and environmental economics | CKT | KCT |
| 002 | Having critical awareness of the important policy issues | K | K |
| 003 | Students will be able to do systematic research related to energy economics | CKPT | KCPT |
| 004 | Students will be able to assess impacts of environmental regulations | CKPT | KCPT |
Attributes Developed
C - Cognitive/analytical
K - Subject knowledge
T - Transferable skills
P - Professional/Practical skills
Methods of Teaching / Learning
The learning and teaching strategy is designed as follows:
Lectures are designed to ensure that students are exposed to the core components of energy economics.
Workshops are complementary to lectures.
They are designed to help students to understand the application of the energy economics fundamentals in the real world and empirical studies.
The learning and teaching methods include:
- Lectures, which are recorded and disseminated as captured content
- Workshops
Indicated Lecture Hours (which may also include seminars, tutorials, workshops and other contact time) are approximate and may include in-class tests where one or more of these are an assessment on the module. In-class tests are scheduled/organised separately to taught content and will be published on to student personal timetables, where they apply to taken modules, as soon as they are finalised by central administration. This will usually be after the initial publication of the teaching timetable for the relevant semester.
Reading list
https://readinglists.surrey.ac.uk
Upon accessing the reading list, please search for the module using the module code: ECOM081
Other information
The curriculum framework pillars that have been embedded within the module with commensurate learning activities are: The above assessments are directly related to all five pillars of this module.
Programmes this module appears in
| Programme | Semester | Classification | Qualifying conditions |
|---|---|---|---|
| Economics MSc | 2 | Optional | A weighted aggregate mark of 50% is required to pass the module |
| Economics MA | 2 | Optional | A weighted aggregate mark of 50% is required to pass the module |
| Petroleum Refining Systems Engineering MSc | 2 | Optional | A weighted aggregate mark of 50% is required to pass the module |
| Nanotechnology and Renewable Energy MSc | 2 | Optional | A weighted aggregate mark of 50% is required to pass the module |
Please note that the information detailed within this record is accurate at the time of publishing and may be subject to change. This record contains information for the most up to date version of the programme / module for the 2024/5 academic year.