ENV520E

Environmental economics and policy

(ART)

Associate Professor Ian Wills

6 points + 3 hours per week + Second semester + Clayton

Synopsis: Application of microeconomic theory to environmental problems; the relationship between economy and the environment; sustainable development; national accounting and the environment. Limitations of market and government coordination of natural resourse use. Valuation of unpriced environmental goods and cost-benefit analysis of evironmental changes. Policy options for solid wastes and recycling, local and global pollution problems, protection of biodiversity, management of stocks of fish and other ' commons' resources.

Assessment: Written assignment (1250 words): 25% + Essay (2000 words): 30% + Take-home examination (2500 words): 45%