13 August 2021
Economics for Sustainability: Climate Change and Social Inequalities
The module takes students on a journey of discovery of the diversity in economic thinking and debates, of the logic, values, world views, and assumptions, when it comes to shaping climate change action, and un-derstanding the dynamics of environmental-economic-social interactions. The emphasis is on low-carbon transformations, including implications for social justice and inequalities. It sits between theory and practice, between research and policy.
Concerning theory, the module departs from conventional methods of economics teaching, which tend to focus only on a narrow range of orthodox or mainstream economic approaches that are often framed based on overly restrictive or unrealistic assumptions. Instead, it embarks on a tour-de-force of diverse, contradict-ing or complementing, socioeconomic perspectives or schools of economic thought. With regard to climate action in practice, the module runs through examples, ranging from climate-related international policies and national strategies, through to sectoral targets and industry-level initiatives, and to micro-scale business ap-proaches, grassroots actions, advocacy, and activism. Moreover, to spur student creativity, understanding and imagination, the module brings further novel elements, in that it connects climate economics with the world of arts, and with intriguing artistic visions of climate solutions.
Dr Şerban Scrieciu
This is a level one module (equivalent to first year undergraduate). No prior subject knowledge is required to study this module but students are expected to have a keen interest in the subject area.
Upon successful completion of this module, students will:
explain the nature and properties of sustainability problems, with an onus on climate change mitigation, and how economic reasoning could be applied to the climate problem.
recognise the causes and list possible consequences of man-made greenhouse gas emissions and rising social inequalities.
recognise a wider range of economic perspectives on economic behaviour and dynamics, and in relation to the diverse and often conflicting policy measures and solutions that different schools of economic thought put forward.
think more holistically with respect to possible connections between the economy, society and the envi-ronment, when shaping solutions for socially-just and climate-smart futures.
be more open to readily link science with arts, and more likely to accept the role that esthetics and ethical value judgements play in influencing innovation and societal developments.
7.5 ECTS, 4 US, 15 UCL
GBP 2165: There's a built-in tuition fee discount for students studying for 6 weeks (2 modules).