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ECO292Social Sciences2 Unitsintermediate

Environmental Economics

This course introduces the fundamental principles of environmental economics. It explores the relationship between economic activities and the environment, covering topics such as resource scarcity, market failure, and environmental policy. The course examines the causes of environmental degradation and the economic valuation of environmental damage. It also discusses sustainable development and the role of international cooperation in addressing environmental problems.

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52h
Study Time
13
Weeks
4h
Per Week
basic
Math Level
Course Keywords
Environmental EconomicsResource ScarcityMarket FailureSustainabilityEnvironmental Policy

Course Overview

Everything you need to know about this course

Course Difficulty

Intermediate Level
Builds on foundational knowledge
65%
intermediate
➕
Math Level
Basic Math
📖
Learning Type
Theoretical Focus

Course Topics

Key areas covered in this course

1

Environmental Economics

2

Structure of the Environment

3

Human Economy and Natural Environment

4

Scarcity and Resources

5

Demand, Supply, and Market Equilibrium

6

Microeconomic Concepts

Total Topics6 topics

Requirements

Knowledge and skills recommended for success

Basic Economics Principles

💡 Don't have all requirements? Don't worry! Many students successfully complete this course with basic preparation and dedication.

Assessment Methods

How your progress will be evaluated (3 methods)

assignments

Comprehensive evaluation of course material understanding

Written Assessment

tutor-marked assessments

Comprehensive evaluation of course material understanding

Written Assessment

final examination

Comprehensive evaluation of course material understanding

Computer Based Test

Career Opportunities

Explore the career paths this course opens up for you

Environmental Consultant

Apply your skills in this growing field

Sustainability Manager

Apply your skills in this growing field

Environmental Economist

Apply your skills in this growing field

Policy Analyst

Apply your skills in this growing field

Resource Manager

Apply your skills in this growing field

Industry Applications

Real-world sectors where you can apply your knowledge

Government AgenciesEnvironmental Consulting FirmsNon-profit OrganizationsEnergy SectorAgriculture

Study Schedule Beta

A structured 13-week journey through the course content

Week
1

Module 1: Introduction to Environmental Economics

4h

Unit 1: Environmental Economics: Meaning, Definition and Scope

4 study hours
  • •Read the introduction to environmental economics.
  • •Define environmental economics and explain its scope.
  • •Discuss the need for a special course in environmental economics.
Week
2

Module 1: Introduction to Environmental Economics

4h

Unit 2: Structure of the Environment

4 study hours
  • •Describe the air environment and its significance.
  • •Explain the importance of the water environment for life and the economy.
  • •Discuss the components of the land environment and their importance.
Week
3

Module 1: Introduction to Environmental Economics

4h

Unit 3: The Human Economy and the Natural Environment

4 study hours
  • •Define the natural environment and the human economy.
  • •Explain the interlinkages between the human economy and the natural environment.
  • •Discuss the material balance model and its implications for environmental issues.
Week
4

Module 2: Some Microeconomic Concepts for Understanding Environmental Economics

4h

Unit 1: Scarcity and Resources

4 study hours
  • •Define scarcity and explain its economic implications.
  • •Discuss the operation of a market-oriented economy.
  • •Classify resources from traditional and environmental economics perspectives.
Week
5

Module 2: Some Microeconomic Concepts for Understanding Environmental Economics

4h

Unit 2: The Concepts of Demand, Supply and Market Equilibrium

4 study hours
  • •Define demand and explain the law of demand.
  • •Discuss the determinants of demand and supply.
  • •Explain the concept of market equilibrium.
Week
6

Module 1: Introduction to Environmental Economics

4h

Unit 1: Review of Module 1

4 study hours
  • •Review Module 1: Introduction to Environmental Economics
  • •Complete TMA 1
  • •Prepare for Mid-Semester Examination
Week
7

Module 2: Some Microeconomic Concepts for Understanding Environmental Economics

4h

Unit 1: Review of Module 2

4 study hours
  • •Review Module 2: Some Microeconomic Concepts for Understanding Environmental Economics
  • •Complete TMA 2
  • •Prepare for Mid-Semester Examination
Week
8

Module 1: Introduction to Environmental Economics

4h

Unit 1: Review of all Modules

4 study hours
  • •Read all materials
  • •Revise all TMAs
  • •Revise all Self Assessment Questions
Week
9

Module 2: Some Microeconomic Concepts for Understanding Environmental Economics

4h

Unit 1: Review of all Modules

4 study hours
  • •Read all materials
  • •Revise all TMAs
  • •Revise all Self Assessment Questions
Week
10

Module 1: Introduction to Environmental Economics

4h

Unit 1: Review of all Modules

4 study hours
  • •Read all materials
  • •Revise all TMAs
  • •Revise all Self Assessment Questions
Week
11

Module 2: Some Microeconomic Concepts for Understanding Environmental Economics

4h

Unit 1: Review of all Modules

4 study hours
  • •Read all materials
  • •Revise all TMAs
  • •Revise all Self Assessment Questions
Week
12

Module 1: Introduction to Environmental Economics

4h

Unit 1: Review of all Modules

4 study hours
  • •Read all materials
  • •Revise all TMAs
  • •Revise all Self Assessment Questions
Week
13

Module 2: Some Microeconomic Concepts for Understanding Environmental Economics

4h

Unit 1: Review of all Modules

4 study hours
  • •Read all materials
  • •Revise all TMAs
  • •Revise all Self Assessment Questions

This study schedule is in beta and may not be accurate. Please use it as a guide and consult the course outline for the most accurate information.

Course PDF Material

Read the complete course material as provided by NOUN.

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Study Tips & Exam Preparation

Expert tips to help you succeed in this course

1

Review all module learning outcomes and ensure you can explain each concept.

2

Practice applying microeconomic principles to environmental scenarios.

3

Focus on understanding the material balance model and its implications.

4

Create diagrams illustrating the relationships between the economy and the environment.

5

Review all TMAs and self-assessment questions to identify areas for improvement.

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