Choose one question from the following:
Do environmental economics concepts, such as ‘externality’ and ‘optimisation’, provide a useful framework for understanding the relationship between economy and environment?
Do environmental economic methods, such as measuring ‘revealed’ or ‘stated’ preferences and cost benefit analysis, accurately value the environment in monetary terms?
Do market-based mechanisms, such as taxation and tradeable permits schemes, provide an effective policy framework for achieving sustainability?
Essays will be assessed on the following criteria:
Understanding of environmental economic theory/policy
Critical analysis of the strengths and weaknesses of environmental economic theory/policy
Use of empirical evidence to evaluate concepts and support claims
Extent, depth and relevance of research
Clarity of expression and development of a well-structured argument
Proper and consistent referencing
