ECC2360 - Environmental economics

Leader: Dr Edwyna Harris

Offered

Clayton Second semester 2007 (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

Three contact hours per week

Prerequisites

ECC1000 or equivalent