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Environmental Economics and Policy (6 points)


Leader: Associate Professor Ian Wills

Clayton Second semester 2003 (Day)

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%

Contact Hours: 3 hour lecture per week

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