Undergraduate | LTU-ECO2ERE-2023
Principles of Environmental and Resource Economics
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Study method
100% online
Assessments
100% online
Entry requirements
No ATAR needed
No prior study
Duration
12 weeks
Start dates
- 31 July 2023
Price from
$1,892
Upfront cost
$0
About this subject
What you'll learn
- Explain basic linkages between the economy and the environment and the economic decision-making framework.
- Explain how lack of well-defined property rights, externalities and market failure contributes to environmental problems.
- Evaluate environmental valuation techniques and analyse environmental problems using cost-benefit principles.
- Explain the principles of optimal allocation of resources over time and sustainable development.
- Evaluate various policy instruments for management of environmental and natural resources.
- • The economy and the environment.
- • Sustainable development.
- • Valuing the environment.
- • Economics of pollution control.
- • Economics of forestry and open access resources.
This subject introduces you to the field of environmental and resource economics. During the subject, you will explore the basic relationships between the economy and the environment and learn how to tackle environmental and resource degradation issues using economic principles and methods. In particular, you will examine (i) the theoretical framework for the optimal management of natural resources and environmental quality, and (ii) various analytical tools including benefit-cost analysis. Different policy approaches to address environmental externalities are also considered, such as command-and-control and incentive based strategies.
- Policy Evaluation (1,500 words) Students are to evaluate an environmental policy. (40%)
- Online Problem Sets (1,000 word equivalent) Formative assessment. (20%)
- Final examination (2 hours) (Broadly equivalent to 2000 words) An online final exam consisting of multiple choice and short answer questions. (40%)
For textbook details check your university's handbook, website or learning management system (LMS).
The third university established in Victoria, La Trobe University has a diverse community of more than 38,000 students and staff. Its commitment to excellence in teaching and research prepares students to make a bold and positive impact in today's global community. La Trobe provides Open Universities Australia with its core tenets, entrepreneurship and sustainability.
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QS Ranking 2023: 20
Times Higher Education Ranking 2023: 16
Entry requirements
No entry requirements
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What to study next?
Once you’ve completed this subject it can be credited towards one of the following degrees
UndergraduateLAT-TEC-DEG
UndergraduateLAT-BUS-DEG
UndergraduateLAT-ART-DEG
UndergraduateLAT-PYS-DEG
UndergraduateLAT-CYS-DEG
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