Ecological economics studies the relationships between the biophysical and economic spheres. These relationships are at the root of many of our most pressing current problems, such as the climate crisis, the loss of biodiversity and growing social inequality. Ecological economics develops an economic science that addresses these problems. The economy is embedded in society and both are dependent on nature. Economic analysis therefore requires interdisciplinary teams.

• An understanding of the relationships between economic, social and biophysical systems;
• An understanding of the interdisciplinary approach to the analysis of environmental issues;
• Familiarity with the analysis of energy and material flows in the economy;
• Understanding of the ethical, social and behavioural foundations of human well-being;
• Development of a critical awareness of issues in environmental valuation (including the role of discounting and the incommensurability of values).

At least 70% of the announced course units

6 units of integrated lectures and seminars, i.e. a combination of short lectures and discussions. The relevant reading for each session is clearly indicated and you are expected to read the material for each session. In each session you should be prepared to discuss the issues and concepts presented. The sessions will take place in the first half of the semester in a partially blocked format.
During the semester you will take five 30-minute quizzes, of which the four best will be counted, and participate in a group project on a current topic related to the course content.

4 out of 5 quizzes (20% each) plus group work (20%)

Marking Scheme:

Grade                         Points

1 (Excellent)              89-100

2 (Good)                   76-88

3 (Satisfactory)          64-75

4 (Sufficient)              51-63

5 (Fail)                         0-50

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