Environmental Economics

Course code ECON3006
Available in 2015
2015 Course Timetables

Description

Policymakers are increasingly concerned about natural resource scarcity and the costs of waste and emissions from economic activity. Their strategic tools to address these environmental problems will impact on the way business is conducted and are particularly pertinent in developing countries that are subject to significant population growth.

This subject explores how markets fail in the management of natural resources and the prevention of externalities ranging from transport congestion to climate change. The ability of markets to adjust to environmental challenges through price and technology changes is examined. Government policies aimed at promoting market adjustment to sustainable development are then presented. A portfolio of strategic tools are analysed including green taxation, marketable permits and peak load pricing, which are all designed to address diverse environmental problems. An understanding of these policy strategies is increasingly important for successful planning by business.

Availability

Callaghan Campus

  • Semester 2 - 2015

Learning Outcomes

1. Assess competing theoretical arguments about interactions between the economy and the natural and built environment;

2. Demonstrate a deep analytical understanding of contemporary public policy issues of relevance to the environment;

3. Access and analyse economic and environmental data which are pertinent to contemporary debates internationally;

4. Engage in critical thinking through the comparative assessment of competing theoretical and policy frameworks;

5. Engage in team processes to analyse and communicate data outcomes.

Content

This course includes but is not limited to the following topics:

  1. Environmental valuation & cost benefit analysis
  2. Market failure: externalities and property rights
  3. The impact of population growth
  4. Non renewable resources
  5. Renewable resources
  6. Rural and urban land use
  7. Pollution and climate change
  8. Transport: congestion and emissions
  9. Recycling and waste management
  10. Sustainable development and international environmental policy

Assumed Knowledge

Students are expected to have advanced to third year courses.

Assessment Items

In Term Test: Mid-Semester Examination

Formal Examination: Final examination

Participation: Group work

Tutorial / Laboratory Exercises: Tutorial Exercises

Contact Hours

Lecture

Face to Face On Campus 2 hour(s) per Week for Full Term

Tutorial

Face to Face On Campus 1 hour(s) per Week for 12 Weeks