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Environmental economics (6 points)


Leader: Associate Professor Ian Wills

Clayton Second semester 2003 (Day)
Clayton Second semester 2004 (Day)

Synopsis: Application of microeconomic theory to environmental problems; the relationship between the economy and the environment; markets and governments as alternative signalling and incentive mechanisms; limitations of market and government coordination of natural resource use. Policy options for solid wastes and recycling, local and global pollution problems, protection of biodiversity, management of stocks of fish and other 'commons' resources. Valuation of unpriced environmental goods and cost-benefit analysis of environmental changes.

Assessment: Essay (1250 words): 15% + Assignment (750 words): 15% + Tutorial participation and contribution: 10% + Examination (2 hours): 60%

Contact Hours: Two 1-hour lectures and one 1-hour tutorial per week

Prerequisites: ECC1000 or equivalent

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