Students of the MSc Environmental Economics and Climate Change programme are required to take four compulsory core courses (equivalent to the value of 3 units) and one or two optional courses to the value of 1 unit. The core course descriptions are below:
GY426 Environmental and Resource Economics
This course covers the key principles and concepts in environmental and resource economics. It begins with the basic principles of microeconomics and how these might be applied to environmental and resource-use issues, for example, consumer behaviour, welfare economics, and market failure. The course will then focus on environmental economics, with topics covered ranging from property rights approaches to environmental policy, to concepts of sustainable development. The final part of the course introduces the economics of natural resources. Applications covered throughout the course include biodiversity conservation, forests, fisheries and energy resources.
GY428 Applied Quantitative Methods
This course will provide an introduction to the essential statistical and econometric methods required for undertaking empirical work in environmental and resource economics. It will include computer classes with an introduction to the STATA software package. The material will be accessible to students with basic statistical training. Topics covered include data collection and handling, hypothesis testing; multiple regression models, discrete choice models (binary choice models; models for multiple choices, ordered data, count data), and basic panel data methods.
GY427 Climate Change: Science, Economics and Policy
This course is an interdisciplinary analysis of the issue of climate change. It will begin with an overview of the science of climate change, which will be accessible to students training in the social sciences. It will go on to consider the economic, political and social implications of climate change, drawing on economic analysis, as well as insights from other disciplines such as human geography and political science.
Students will be required to write a 10,000-word dissertation on a topic of their choice within the fields covered by the course.
Along with these core courses, students will be required to select optional units to the value of 1 unit to complete the required 4 units for the programme. The optional courses can be seen here.