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Economic dimensions of environmental policy with an emphasis on experience in the UK and EU, particularly in the context of climate change. Topics include: positive and normative perspectives in environmental economics; market failure; regulation theory and practice; asymmetric information; and the valuation of environmental goods and services. Both lecture and seminar formats with visits from local scholars and regulators and a field trip to Parliament and London regulatory agencies. An introductory economics class is recommended prior to taking the class. Oxford University students are welcome.