Offered
Clayton Second semester 2008 (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
Within semester assessment: 40%
Examination (2 hours): 60%
Contact hours
Three contact hours per week
Prerequisites
ECC1000 or equivalent
