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Clayton Second semester 2007 (Evening)
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.
Written assignment (1250 words): 25%
Essay (2000 words): 30%
Take-home examination (2500 words): 45%
3 hour lecture per week