Principles of Environmental and Resource Economics
UndergraduateLTU-ECO2ERE2025
Enrolments for this course are closed, but you may have other options to start studying now. Book a consultation to learn more.
- Study method
- 100% online
- Assessments
- 100% online
- Entry requirements
- No ATAR needed, No prior study
- Duration
- 12 weeks
- Start dates
- 3 Mar 2025
- Loan available
- HECS-HELP and FEE-HELP available
Principles of Environmental and Resource Economics
About this subject
On successful completion you will be able to:
- Analyse and evaluate the linkages between the economy and the environment to demonstrate how a lack of well-defined property rights and market failure contribute to environmental problems
- Apply cost-benefit analysis and use appropriate environmental valuation techniques in economic decision making
- Evaluate the concepts of sustainable development and policy appraisal using the principles of the optimal allocation of resources over time
- Evaluate various policy instruments in the 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. 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, (ii) various analytical tools to assess environment policies, including benefit-cost analysis, and (iii) different policy approaches to address environmental externalities, such as command-and-control and incentive based strategies.
- Online Exercises (1200 words equivalent). Online Exercise 1, 10%, For online exercises 2, 3 & 4 your best 2 results contribute 20% (30%)
- Assignment: Cost-Benefit Analysis (1200 words equivalent) (30%)
- Assignment: Policy Evaluation Report (1800 words equivalent) (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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Entry requirements
No entry requirements
Study load
- 0.125 EFTSL
- This is in the range of 10 to 12 hours of study each week.
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What to study next?
Once you’ve completed this subject it can be credited towards one of the following courses
UndergraduateLAT-BUS-DEG
UndergraduateLAT-ART-DEG
Bachelor of Arts/Bachelor of Health Sciences
UndergraduateLAT-AHS-DEG
Bachelor of Psychological Science
UndergraduateLAT-PYS-DEG
UndergraduateLAT-HSC-DEG
Bachelor of Information Technology
UndergraduateLAT-TEC-DEG
UndergraduateLAT-CYS-DEG
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