units

ECW3150

Faculty of Business and Economics

18 September 2017 19 April 2024

print version

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)

Associate Professor Lionel Frost

Offered

Not offered in 2016

Synopsis

Economic systems and environmental problems. Suitability of the market system to deal with environmental problems. The need for government intervention. Microeconomic principles and decision making in the management of privately and publicly owned renewable and non-renewable natural resources. International, national and regional policies addressing natural resources and environment.

Outcomes

The learning goals associated with this unit are to:

  1. analyse the problem of global resource scarcity within an international, national and regional context
  2. understand how intermediate economic principles can be extended to address advanced and specialised problems of natural resources and environment
  3. develop strong analytical and research skills within an economic framework
  4. apply economic analysis to contemporary environmental and natural resource issues
  5. use economic tools to assist decision making in the use of environmental and natural resources and to critically evaluate environmental and natural resources policy.

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

Prerequisites

ECW1102, ECW2120 or ECW2731 or equivalent

Prohibitions

ECG9150