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As covered in the link above there are 3 core taught modules (along with the dissertation that is also core) as described below
Students often inquire as to what reading or preperation they should do for the course. We would recommend that any preparation is aimed at the three core courses above. Students on this course come from a wide variety of backgrounds. If you have studied Economics and or Statistics before, then we would suggest you revise the materials you previously studied. If not, then our Guidance is as follows:
New(ish) to economics? Check out these links
The total watching time for this playlist is around 4 and 1/2 hours
For more "technical skills" base learning you might watch
While we try and minimize the use of maths you will encounter derivatives and integrals in the course. It may be of benefit to use the link above (Wainright) to learn about how to differentiate using Lectures 1 to 7 as part of Single Variable Calculus .. Additionally, the optimisation problems in Lecture 11 may be useful though quite advanced
Resource and Environmental Economics
Core textbook
Natural Resource and Environmental Economics – 4th edition, 2011 by Roger Perman, Yue Ma, Michael Common, David Maddison, James McGilvray (but 3rd edition is quite similar).
Additional reading
Meadows et al., 1972: The Limits to Growth. A Report for THE CLUB OF ROME'S Project on the Predicament of Mankind. Universe books: Rome and New York. Available on-line: https://www.clubofrome.org/publication/the-limits-to-growth/.
De Maria, M., 2019: Understanding Land in the Context of Large-Scale Land Acquisitions: A Brief History of Land in Economics. Land, 8(1), pp 1-14. https://doi.org/10.3390/land8010015 (Open access)
Solow, R.M., 1974. The economics of resources or the resources of economics. In Classic papers in natural resource economics (pp. 257-276). Palgrave Macmillan, London. https://pdfs.semanticscholar.org/0735/af 935da1edd19c7c8662a0eff58bc34aa493. pdf.
Robinson, E.J., Kumar, A.M. and Albers, H.J., 2010. Protecting developing countries' forests: enforcement in theory and practice. Journal of natural resources policy research, 2(1), pp.25-38.
Ferraro, P. 2008. Asymmetric Information and Contract Design for Payments for Environmental Services. Ecological Economics 65(4):810-821. DOI:10.1016/j.ecolecon.2007.07.029
Harrison and Rubinfeld 1978., Hedoninc Housing Prices and the Demand for Clean Air, Journal of Environmental Economics and Management, 5, 81-102. https://www.sciencedirect.com/science/article/pii/0095069678900062
Haghani M. Bliemer M. and Hensher D. 2021. The landscape of econometric discrete choice modelling research. Journal of Choice Modelling. 40, 2021 https://doi.org/10.1016/j.jocm.2021.100303
Free Online Resources:
Final Report - The Economics of Biodiversity: The Dasgupta Review: https://www.gov.uk/government/publications/final-report-the-economics-of-biodiversity-the-dasgupta-review
Coal Extraction and Use: https://www.carbonbrief.org/mapped-worlds- coal-power-plants
UK Coal Phaseout https://poweringpastcoal.org/profiles/united- kingdom
EU ministers opt to continue overfishing, despite 2020 deadline: https://www.theguardian.com/environment/2019/dec/18/eu-ministers-opt-to-continue-overfishing-despite-2020-deadline?CMP=Share_iOSApp_Other
The Empirical Component of the RAE will use the Software Gretl. See the link above to the econometrics course for information about Gretl.
Consumers Producers Markets and Trade
The key text for this course and some recommended readings prior to the course are below
Econometrics
For Materials for the course including preparatory materials go to
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