ENV516F

Introduction to Economics (6 points)

(ARTS)

Leader: Associate Professor Ian Wills

Offered:
Clayton First semester 2003 (Day)
Clayton Second semester 2004 (Day)

Synopsis: Scarcity and social coordination in economic systems. The concepts of demand, costs and supply. Markets and price determination and the concept of market power, Interactions between the economy and the environment. Costs of market exchange as a barrier to coordination of natural resources use by the market signals and incentives. Government planning as an alternative signalling and incentive system. Use of economics to analyse environmental problems.

Assessment: Written assignment (1000 words): 20% + Essay (1250 words): 30% + Examination (2 hours): 50%

Contact Hours: 2 hour lecture per week