Faculty of Business and Economics

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Monash University

Monash University Handbook 2010 Undergraduate - Unit

6 points, SCA Band 3, 0.125 EFTSL

FacultyFaculty of Business and Economics
OfferedClayton Second semester 2010 (Day)
Coordinator(s)Dr Edwyna Harris


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.


The learning goals associated with this unit are to:

  1. explain how the economy and the environment interact
  2. understand the economic concepts of property rights, externalities and non-excludability, and how they are linked to environmental problems
  3. appreciate that deficiencies in both market and government coordination of resource use contribute to environmental problems.


Within semester assessment: 40%
Examination (2 hours): 60%

Chief examiner(s)

Lata Gangadharan

Contact hours

3 hours per week


ECC1000 or equivalent