units

ECC3640

Faculty of Business and Economics

18 September 2017 22 November 2024

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This unit entry is for students who completed this unit in 2016 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.

Monash University

6 points, SCA Band 3, 0.125 EFTSL

Undergraduate - Unit

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

Faculty

Business and Economics

Organisational Unit

Department of Economics

Coordinator(s)

Dr Anke Leroux

Offered

Clayton

  • First semester 2016 (Day)

Synopsis

Climate change is the most significant environmental challenge the world is facing today. It has major implications for the global and domestic economies, including Australia's. This unit conveys the multifaceted nature of the economic problem that climate change represents. Uncertainty and catastrophic risk as well as inter- and intra-generational equity concerns are crucial to the evaluation of climate change impacts and to achieving international action. Options to achieve optimal stabilisation targets and pathways using economic principles and policy are contrasted. The implications of climate change mitigation for key industry sectors are also assessed.

Outcomes

The learning goals associated with this unit are to:

  1. provide students with an understanding of the possible impacts of climate change on economies
  2. analyse the economic costs of climate change, and how industries can adapt to climate change at minimum cost
  3. provide students with an understanding of how economic instruments such as carbon taxes and emissions trading schemes can mitigate climate change
  4. analyse how key industries such as electricity and transport can respond to climate

change policies and lessen emissions.

Assessment

Within semester assessment: 40%
Examination: 60%

Workload requirements

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

See also Unit timetable information

Chief examiner(s)

Dr Anke Leroux

Prerequisites

ECC1000
It is recommended that students complete ECC1100

Co-requisites

It is recommended that students complete ECC1100

Prohibitions

ECC4364