Subject details

  • Topics
    • Introduction to environmental economics
    • Market efficiency
    • Market failure
    • Valuing the environment
    • Instruments for environmental management
    • The macroeconomics of the environment
    • The environmental movement and regulatory process in Australia; corporate sustainable development
    • Contemporary issues - for example energy, waste, water, global warming
  • Study resources
    • Print Materials
      • Welcome letter
    • Online Materials
      • Printable format materials

Students who successfully complete this subject will be able to:

  1. Describe and demonstrate the fundamentals of key environmental economic concepts, and alternative policy implications
  2. Discuss and debate socio-economic, social and political factors and their interconnectedness in relation to environmental matters 
  3. Analyse issues, relating to environmental economics demonstrating the ability to stakeholder viewpoints
  4. Work independently and collaboratively and critically reflect on individual performance.
  • Assignment 1 - Research Paper — Group (20-30%) (0%)
  • Assignment 2 - Assessment — Individual (20-30%) (0%)
  • Assignment 3 - Invigilated Exam — Individual (40-60%) (0%)

Textbooks are subject to change within the academic year. Students are advised to purchase their books no earlier than one to two months before the start of a subject

Entry Requirements

You must have successfully completed the following subject(s) before starting this subject:

Special requirements

No special requirements

In this subject students will learn to demonstrate the important contribution economics can play in managing the environment, and understand and appreciate the many multidisciplinary aspects associated with modern environmental problems, which have the potential to threaten human survival on our planet; the Earth. Issues in environmental economics and environmental policy making (e.g. global warming, environmental pollution, and sustainable use of resources) will be discussed. Through this students will learn how to determine the ‘efficient level of pollution’ as well as learn about appropriate instruments that help to reach policy goals. We will also discuss the role of externalities and public good in environmental policy making.

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