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Department: PhD : Architecture and Sustainable Built Environment
Module Description: The module tackles aspects related to impact of the environmental economics and policy on the built environment the appropriate ways of regulating economic activity, in general, in order to strike a balance among economic, environmental and social goals. Not only will students learn about economics-related concepts such as externalities and public good, but they will also establish an understanding of the role of markets and regulations in determining the ‘right’ amount of pollution levels that lead to achieving a socially-desirable environment. Through the use of advanced software packages, students will also learn how to assess the marginal costs and benefits associated with an individual policy as well as those resulted from a combination of multiple policies and actions. Last but certainly not least, it is envisaged that by the end of this module, students will appreciate the complex roles of governments in designing and implementing environmental policy with a particular emphasis on the built environment.
- Balleisen, E.J. & Moss, D.A. (2011). Government and markets: toward a new theory of regulation. Cambridge: Cambridge University Press.
- Beder, S. (2006). Environmental principles and policies: an interdisciplinary introduction. London: Earthscan.
- Callan, S.J. & Thomas, J.M. (2013). Environmental economics and management theory, policy and applications. 6th edn. Mason: South-Eastern Cengage Learning.
- Chay, K. & Greenstone, M. (2005). Does air quality matter? evidence from the housing market. MIT Centre for Energy and Environmental Policy Research. [online]. Open resource
- Deschenes, O. & Greenstone, M. (2007). Climate change, mortality, and adaptation: evidence from annual fluctuations in weather in the US. MIT Joint Program on the Science and Policy of Global Change. [online]. Open resource
- Farrow, S. & Toman, M. (1999). Using benefit-cost analysis to improve environmental regulation. Environment: Science and Policy for Sustainable Development, vol. 41 (2), pp. 12-37.
- Macrory, R. (2009). Regulation, enforcement and governance in environmental law. London: Hart Publishing.
- Myers, D. (2013). Construction economics: a new approach. 3rd edn. New York: Spon Press.
- Ruddock, L. (2009). Economics for the modern built environment. New York: Taylor & Francis
- Stavins, R.N. (2012). Economics of the environment: selected readings. 6th edn. New York: W.W. Norton & Company.
- Sterner, T. & Coria, J. (2011). Policy instruments for environmental and natural resource management. 2nd edn. Oxford: RFF Press.
- Tietenberg, T. & Lewis, L. (2009). Environmental economics and policy. 6th edn. Boston: Addison Wesley.