Module Details

The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module.
Title URBAN AND ENVIRONMENTAL ECONOMICS
Code ENVS155
Coordinator Professor AD Lord
Geography and Planning
A.D.Lord@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2021-22 Level 4 FHEQ First Semester 15

Aims

The principal objectives of the module are:

To provide an introduction of some key micro and macro-economic concepts and principles relevant to urban and environmental policies.

To introduce basic spatial analytical techniques and methods used to analyse economic and demographic trends and issues.

To appreciate the ways in which economic and demographic analyses contribute to urban and environmental planning.


Learning Outcomes

(LO1) 1. Have a basic knowledge of the history of economic ideas and the core characteristics of differing schools of thought;

(LO2) 2. Have a grounded understanding of the economic characteristics of land and environmental regulation;

(LO3) 3. Be familiar with the economic reasoning used to analyse issues in the built and natural environment and be able to relate this to spatial planning practice.

(S1) Numeracy

(S2) Problem solving skills

(S3) Communication skills


Syllabus

 

Week One        
General introduction to the module

Setting the context for an economic interpretation of environmental planning - covering market failure, externalities, the structure of the urban economy, the value of environmental assets.

Week Two        
History of Economic Ideas

Classical and neoclassical, Keynes, Supply Side and Institutional Economics.

Week Three     
Introducing the macroeconomy

Introducing the structure of the macro-economy and the variables by which it is measured.  Meta scale environmental policy and its micro scale implications; growth accounting and the costs of environmental impacts; unemployment and its spatial incidence.

Week Four       
Economic method and application 1

Methods of economic analysis.  The concept of a market; deriving supply, demand and elasticity; mediating behaviour through market-based policy interventions.  Applications: devising an environmental tax; evaluating the impact of Air Passenger Duty.

Week Five       
Economic method and application 2

Theory of the firm. taxation, its incidence and deadweight loss.  Applications: Designing a congestion charge.

Week Six         
Environmental Economics

Valuing environmental assets including an introduction to green national accounting and environmental cost/benefit analysis.  Applications: controlling pollution through traded permits.

Week Seven    
Structure and form of the urban economy

Nature of land markets – location, economic rents, absolute and relative supply. Land use & development – bid-rent models, central place theory and urban morphology.

Week Eight       
Introduction to Geodemographics

Analysing the movement of people and its effect on place.  Applications: Correlating migration with climate change.

Week Nine       
Planning as development policy

The property market and betterment. Planning gain and value capture. Applications: devising policy instruments to mitigate the impacts of development.

Week Ten        
Integrating the course

Urban and environmental sustainability, hedonic pricing, valuing natural assets, quality of life indictors and their measurement.

Applications: Revisiting question from week one - how can planning contribute to realising sustainable urban and natural environments?

Week Eleven   
Revision Session 1

Week Twelve  
Revision Session 2


Teaching and Learning Strategies

Online lectures

4 x seminars

1 x field class


Teaching Schedule

  Lectures Seminars Tutorials Lab Practicals Fieldwork Placement Other TOTAL
Study Hours 15

4

    3

  22
Timetable (if known)              
Private Study 128
TOTAL HOURS 150

Assessment

EXAM Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
Assessment 2 There is a resit opportunity. This is an anonymous assessment. Assessment Schedule (When) :First  2 hours    50       
CONTINUOUS Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
Assessment 1 There is a resit opportunity. Standard UoL penalty applies for late submission. This is an anonymous assessment. Assessment Schedule (When) :First  2000 word assignment    50       

Recommended Texts

Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module.