This is an advanced course in environmental valuation. The objectives of the course are to: (1) provide a theoretical background of the economic valuation of environment and natural resources and (2) provide a practical knowledge of environmental valuation techniques and its applicability in economic analysis.

By the end of this module, students should be able to:

  • Understand and assess critically the economic theory of environmental valuation
  • Understand and assess critically a range of environmental valuation methods and techniques
  • Apply environmental valuation techniques in practice
  • Understand and interpret critically the results of published environmental valuation studies