Courses Catalogue

Natural Resource And Environmental Economy

COURSE CODE: ENV2103
COURSE CREDIT UNIT: 4
ACADEMIC PROGRAMME: Environmental Management, Bsc
COLLEGE/SCHOOL/FACULTY: School of Natural and Applied Sciences
STATUS: Core
PROGRAMME TYPE: Undergraduate

Course Description

COURSE DESCRIPTION

 

To help students integrate environmental economics in the use of natural resources and conservation measures in an effort to promote sustainable development.

 

COURSE JUSTIFICATION/RATIONALE

 

Environmental activities and policies have role to play in the sustainability of natural resources. Thus, this course will help the students understand how to attach economic value to natural resources in order to understand the needs for its sustainable management.

 

LEARNING OBJECTIVES

 

By the end of this course, the student should be able to:

         Plan and participate in decision making for environmental and natural resource (including conservation, development, and restoration) to accomplish objectives of individuals, groups, nations and groups of nations.

         Recognize the true cost of development in terms of natural resources quality and quantity.

         Explain the common economic causes of environmental and resource policy problems.

         Develop competence in using economic methods to assess environmental resources.

 

LEARNING OUTCOMES

 

A student completing the course is expected to:

§  Demonstrate knowledge of various market failures may lead to environmental degradation or the overexploitation of natural resources;

§  Apply economic modelling to evaluate various approaches to the design of efficient environmental policies and of rules for the optimal management of natural resources;

§  Construct and analyse simple dynamic models of natural resource management.

§  Analyse models of environmental economics and natural resource management