Undergraduate - UnitECC2360 - Environmental economics

This unit entry is for students who completed this unit in 2013 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

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6 points, SCA Band 3, 0.125 EFTSL

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Level	Undergraduate
Faculty	Faculty of Business and Economics
Organisational Unit	Department of Economics
Offered	Clayton Second semester 2013 (Day)
Coordinator(s)	Dr Edwyna Harris

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.

Outcomes

The learning goals associated with this unit are to:

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

Assessment

Within semester assessment: 40%
Examination: 60%

Chief examiner(s)

Dr Edwyna Harris

Contact hours

3 hours per week

Prerequisites

ECC1000 or equivalent