EC559      Half Unit
Environmental Economics for Research Students I

This information is for the 2025/26 session.

Course Convenor

Dr Clare Balboni

Dr Gharad Bryan

Availability

This course is available on the MRes in Economics, MRes in Economics and Management, PhD in Economics and PhD in Economics and Management. This course is available with permission as an outside option to students on other programmes where regulations permit. This course uses controlled access as part of the course selection process.

For queries contact: econ.mres.phd@lse.ac.uk

Course content

The course will cover advanced topics in environmental economics where current research is active. It is intended to introduce research students in economics to the latest research in environmental economics and to serve as an input into the research work of these students.

The course will explore literature at the research frontier in three core areas:

  • Valuing environmental benefits and harms: valuing benefits; air pollution damages; climate change damages; adaptation; discounting; uncertainty.
  • Environmental policy design: environmental policy instruments; cost effective environmental policy; second best environmental policy.
  • Innovation, diffusion and the environment: directed technical change; climate change innovation; industrial and place-based policies; diffusion and adoption.

Teaching

30 hours of lectures in the Autumn Term.

This course is delivered through lectures totalling a minimum of 30 hours across Autumn Term. Attendance is compulsory.

Formative assessment

Students will discuss papers in lectures.

 

Indicative reading

The course combines theory and empirics and has a strong applied focus. There is no textbook for the course. Students will instead be required to engage with academic papers at the frontier of the literature, as well as with historic seminal works.
The following are examples of some essential readings students can expect to engage with, though the course will evolve with the literature in this field:

  • Chay, K.Y. and Greenstone, M., 2005. Does air quality matter? Evidence from the housing market. Journal of political Economy, 113(2), pp.376-424.
  • Deryugina, T., Heutel, G., Miller, N.H., Molitor, D. and Reif, J., 2019. The mortality and medical costs of air pollution: Evidence from changes in wind direction. American Economic Review, 109(12), pp.4178-4219.
  • Burgess, R., Deschenes, O., Donaldson, D. and Greenstone, M., 2017. Weather, climate change and death in India. University of Chicago, pp.577-617.
  • Barreca, A., Clay, K., Deschenes, O., Greenstone, M. and Shapiro, J.S., 2016. Adapting to climate change: The remarkable decline in the US temperature-mortality relationship over the twentieth century. Journal of Political Economy, 124(1), pp.105-159.
  • Nordhaus, W.D., 2007. A review of the Stern review on the economics of climate change. Journal of economic literature, 45(3), pp.686-702.
  • Borenstein, S., Bushnell, J., Wolak, F.A. and Zaragoza-Watkins, M., 2019. Expecting the unexpected: Emissions uncertainty and environmental market design. American Economic Review, 109(11), pp.3953-3977.
  • Carlson, C., Burtraw, D., Cropper, M. and Palmer, K.L., 2000. Sulfur dioxide control by electric utilities: What are the gains from trade?. Journal of political Economy, 108(6), pp.1292-1326.
  • Acemoglu, D., Aghion, P., Bursztyn, L. and Hemous, D., 2012. The environment and directed technical change. American economic review, 102(1), pp.131-166.

Assessment

Continuous assessment (100%)

Assignment: Continuous assessment (100%) in the AT.


Key facts

Department: Economics

Course Study Period: Autumn Term

Unit value: Half unit

FHEQ Level: Level 8

CEFR Level: Null

Total students 2024/25: 6

Average class size 2024/25: Unavailable

Controlled access 2024/25: No
Guidelines for interpreting course guide information

Course selection videos

Some departments have produced short videos to introduce their courses. Please refer to the course selection videos index page for further information.

Personal development skills

  • Self-management
  • Team working
  • Problem solving
  • Application of information skills
  • Communication
  • Application of numeracy skills
  • Specialist skills