School of Business and Management

BUSM135 Environmental Change: Economics and Policy


2 (2017/18)



Module organiser

Dr Caterina Gennaioli


Module overview

This module introduces to the phenomenon of environmental degradation with an emphasis on economic analysis, albeit taught in a non-technical style.

The course will provide students with the theoretical and empirical tools to understand the determinants and consequences of global environmental change. The course will analyze the policy tools available to policymakers to tackle environmental degradation and climate change. The course will then discuss the effects of environmental policy on businesses and the barriers to environmental policy implementation with a focus on developing countries and an emphasis on political economy factors such as corruption. Finally the course will analyze the implications of global environmental change in developing countries focusing on prominent phenomena such as migration and conflict.
The module will also teach how to empirically assess environmental policy using STATA (an econometrics software).


40% coursework and 60% examination

Indicative reading list


Detailed reading lists will be provided to support each course component.

The following texts will be particularly useful:

  • Intergovernmental Panel on Climate Change (2014). Climate Change 2014: Fifth Assessment Report of the
  • Intergovernmental Panel on Climate Change. Summary for Policymakers. Cambridge: Cambridge University Press.
  • Stern, N. (2007). The Economics of Climate Change: the Stern Review. Cambridge: Cambridge University Press.
  • Greenstone, M. and Jack, K. 2015. "Envirodevonomics: A Research Agenda for an Emerging Field", Journal of Economic Literature, 53(1): 5-42.
  • Gennaioli, C., Martin, R., and Muuls, M. 2013. "Using micro data to examine causal effects of climate policy". Book Chapter In: Handbook on Energy and Climate Change (Roger Fouquet [ed.]). Edwards Elgar Publications.