OSEE5101M (L02) Contemporary Economics

The module provides students with an insight into select economic theories and concepts and their practical application.Students will learn about the relationship (and associated complexities) between economics and sustainability considering this relationship from a variety of perspectives e.g., neoclassical and environmental approaches.The module seeks to progress the students' insights by introducing contemporary and innovative approaches to the subject area, for example steady-state, circular and doughnut economics.

Course Description

Syllabus

1. Introduction to economics and sustainability.
2. Conventional and sustainability related economic concepts (for example: neoclassical, ecological and environmental economics).
3. Emerging economic trends relating to sustainability (for example: circular economy, steady state, and doughnut economics).

Learning outcomes
1. Appraise the significance of the economics/sustainability interface within their working environment.
2. Critically examine the different schools of thought in economics and compare the key differences between weak and strong sustainability.
3. Outline and evaluate emerging trends relating to economics and sustainability.
4. Draw on their understanding of the complex interface between economics and sustainability in order to develop and effectively communicate potential strategies and actions relevant to select sectors and/or organisations.