Introduction to Environmental Valuation

On successful completion of this module the student will be able to:

• Demonstrate an understanding and ability to apply different approaches and techniques to determining environmental value and demonstrate an understanding of the concepts of economic valuation and accounting
• Demonstrate a conceptual understanding of methods to incorporate them into decision making techniques, especially extended cost benefit analysis, risk assessment and multi criteria analysis
• Critically appraise the contribution of economic valuation and economic mechanisms to environmental policy
• Demonstrate an appreciation of the purpose and methods of environmental accounting at sector and national level.

• Techniques for non-market valuation: cost and income based approaches, demand estimation methods - expressed and revealed preference, choice modelling: examples of applications
• Multi-criteria analysis
• Stakeholder analysis
• Environmental accounting at sector and national levels
• Case study examples of application.