ECF5610

Sustainable economic development and the environment

(BUS)

Associate Professor Ian Wills

6 points + Lectures and seminar: 3 hours per week + Second semester + Caulfield + Prerequisites: Completion of four of the 4000 level subjects (including two core economics subjects) in the Master of Applied Economics or their equivalent, subject to the approval of the course director.

Synopsis: We link the study of environmental economics to the practical needs of modern corporations and sustainable economic development. Corporations that fail to factor environmental economics into their plans, suffer penalties ranging from the loss of reputation to severe corporate damage. We analyse the concepts, signals and incentives from governments, customers and citizens which influence corporations in the use of natural resources. The evolution of sustainable development policies by governments and the applicability of these to corporations is also analysed.

Assessment: Written (4000-word research report): 40% + Tutorial presentation: 10% + Examination (3 hours): 50%