Programmes

Environmental Economics & Sustainable Development

  • Summer schools
  • Department of Geography and Environment
  • Application code SS-EC240
  • Starting 2020
  • Short course: Closed
  • Location: Houghton Street, London

UPDATE: Due to the global COVID-19 pandemic we will no longer be offering this course in summer 2020. Please check our latest news on this situation here.

Environmental economics is a comparatively young, but by now well-established, branch of economic study.

In successfully applying standard microeconomic analysis to the field of the natural environment and sustainable development, economists have challenged many erroneous, but strongly held preconceptions of policy makers and environmentalists alike. For example, the course will show that the efficient level of environmental pollution is, in general, not zero and that there is no risk of running out of fossil fuel non-renewable resources any time soon.

Conversely, however, policy makers fail to understand the fundamental drivers behind renewable resource extinction (particularly species loss), are over-optimistic when it comes to the environmental consequences of economic growth and insufficiently grasp the obstacles toward achieving strong multilateral agreements for solving international and global environmental problems.

This course aims to provide students with a sound knowledge and understanding of the major results of environmental economics. Its intention is to deliver the fundamentals of rigorous economic analysis for continued undergraduate studies at a higher level, or graduate studies of environmental economics. 


Session: Two
Dates: 13 July – 31 July 2020
Lecturer: Professor Eric Neumayer  


 

Programme details

Key facts

Level: 200 level. Read more information on levels in our FAQs

Fees:  Please see Fees and payments

Lectures: 36 hours 

Classes: 18 hours

Assessment*: Two written examinations

Typical credit**: 3-4 credits (US) 7.5 ECTS points (EU)


*Assessment is optional

**You will need to check with your home institution

For more information on exams and credit, read Teaching and assessment

Prerequisites

Introductory microeconomics, knowledge of differential calculus.

Programme structure

  • Environmental externalities and the theory of market failure
  • Economics of pollution control (the efficient level of environmental pollution, taxes, tradeable permits, command-and-control)
  • Economics of natural resource use (non-renewable resources such as oil, gas and metals as well as renewable resources such as fish and forests) 
  • Economics of sustainable development (including the measurement of sustainable development and the effect of economic growth on the environment)  
  • Valuation of environmental resources (including cost-benefit analysis)
  • Economics of international environmental problems (including the impact of trade and investment liberalization on the environment)
  • Economics of climate change (including the analytical controversy among environmental economists and a focus on the Kyoto Protocol as the only global agreement on reducing greenhouse gas emissions)

Course outcomes

This course aims to provide students with a sound knowledge and understanding of the major results of environmental economics. Its intention is to deliver the fundamentals of rigorous economic analysis for continued undergraduate studies at a higher level, or graduate studies of environmental economics. 

Teaching

LSE Geography and Environment excels in the UK's nationwide assessment of research quality, impact and environment and in subject-based worldwide university ranking systems. The Research Excellence Framework results published in December 2014 show that LSE Geography and Environment ranked first overall in the UK for quality of published research output. 

The 2018 QS World University faculty rankings for Geography and Area Studies ranked the department No.2 in the world on the overall score, and No.1 for academic reputation. The Guardian’s university league tables 2016 also ranked the LSE No.1 for Geography and Environmental Studies.

On this three week intensive programme, you will engage with and learn from full-time lecturers from the LSE’s Geography and Environment  faculty. 

 

Reading materials

B. C. Field and M. K. Field,  Environmental Economics: An Introduction, (7th edition), McGraw-Hill.(2016).

*A more detailed reading list will be supplied prior to the start of the programme

**Course content, faculty and dates may be subject to change without prior notice

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