A successful student completing this model should be able to:
1. Know the purpose and key elements of environmental impact assessment (EIA) .
2. Understand the basic principles of environmental management systems in their relation to environmental and sustainability strategies and to broader management concepts.
3. Understand the main principles of economic thinking in application to environmental management, including
- the nature of economics and its subfields as distinct areas of social science;
- the general principles and key concepts of mainstream micro-economic analysis (such as supply and demand, production, consumption and transport) and firm- and project-level decision making procedures based on such as analysis (such as budgeting, investment and cost-benefit and cost-effectiveness analysis), in particular as it concerns the human/environment relationship
- the general principles of environmental economics, in particular the concept of environmental externalities and their regulation through the use of economic tools
- the relevance of macroeconomic principles and concepts for environmental management
- the limitations of economic analysis as a tool for understanding environmental issues and guiding environmental management and policy.
4. Appreciate the challenges involved in managing people in various organizations and contexts.