PRINCIPLES OF ENVIRONMENTAL & RESOURCE ECONOMICS

ECO2ERE

2016

Credit points: 15

Subject outline

In this unit students will explore the basic relationships between the economy and the environment and learn how to tackle environmental and natural resource degradation issues using economic principles and methods. In particular, students will examine the theoretical framework for the optimal management of natural resources and environmental quality, various analytical tools including benefit-cost analysis and different policy approaches such as command-and-control and incentive-based strategies to address environmental externalities.

SchoolLa Trobe Business School

Credit points15

Subject Co-ordinatorDavid Walker

Available to Study Abroad StudentsYes

Subject year levelYear Level 2 - UG

Exchange StudentsYes

Subject particulars

Subject rules

PrerequisitesN/A

Co-requisitesN/A

Incompatible subjectsN/A

Equivalent subjectsN/A

Special conditionsN/A

Learning resources

Readings

Resource TypeTitleResource RequirementAuthor and YearPublisher
ReadingsAll reading materials are provided onlinePrescribedAll materials are provided onlineALL READING MATERIALS ARE PROVIDED ONLINE

Graduate capabilities & intended learning outcomes

01. describe basic linkages between the economy and the environment and the economic decision-making framework

Activities:
Seminar In-Class exercises
Related graduate capabilities and elements:
Critical Thinking (Critical Thinking)

02. describe environmental valuation techniques and analyse environmental problems using cost-benefit principles;

Activities:
This capability will be developed through a valuation project
Related graduate capabilities and elements:
Creative Problem-solving (Creative Problem-solving)

03. explain how lack of well-defined property rights, externalities and market failures contribute to environmental problems;

Activities:
Seminar In-Class exercises
Related graduate capabilities and elements:
Critical Thinking (Critical Thinking)

04. describe the principles of optimal allocation of resources over time;

Activities:
Seminar In-Class exercises
Related graduate capabilities and elements:
Inquiry/ Research (Inquiry/ Research)

05. evaluate various policy instruments for efficient management of environmental and natural resources.

Activities:
Seminar Valuation Project
Related graduate capabilities and elements:
Creative Problem-solving (Creative Problem-solving)
Inquiry/ Research (Inquiry/ Research)

Subject options

Select to view your study options…

Start date between: and    Key dates

Albury-Wodonga, 2016, Semester 2, Online

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorDavid Walker

Class requirements

Lecture Week: 31 - 43
One 2.0 hours lecture per week on any day including weekend during the day from week 31 to week 43 and delivered via online.
"Delivered via LMS"

Tutorial Week: 31 - 43
One 1.0 hours tutorial per week on any day including weekend during the day from week 31 to week 43 and delivered via online.
"Delivered via LMS"

Assessments

Assessment elementComments% ILO*
one 1500-word report20 02, 05
one one-hour mid-semester test20 01, 02, 03, 04, 05
one two-hour final examination60 01, 02, 03, 04

Bendigo, 2016, Semester 2, Online

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorDavid Walker

Class requirements

Lecture Week: 31 - 43
One 2.0 hours lecture per week on any day including weekend during the day from week 31 to week 43 and delivered via online.
"Delivered via LMS"

Tutorial Week: 31 - 43
One 1.0 hours tutorial per week on any day including weekend during the day from week 31 to week 43 and delivered via online.
"Delivered via LMS"

Assessments

Assessment elementComments% ILO*
one 1500-word report20 02, 05
one one-hour mid-semester test20 01, 02, 03, 04, 05
one two-hour final examination60 01, 02, 03, 04

Melbourne, 2016, Semester 2, Online

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorDavid Walker

Class requirements

Lecture Week: 31 - 43
One 2.0 hours lecture per week on any day including weekend during the day from week 31 to week 43 and delivered via online.
"Delivered via LMS"

Tutorial Week: 31 - 43
One 1.0 hours tutorial per week on any day including weekend during the day from week 31 to week 43 and delivered via online.
"Delivered via LMS"

Assessments

Assessment elementComments% ILO*
one 1500-word report20 02, 05
one one-hour mid-semester test20 01, 02, 03, 04, 05
one two-hour final examination60 01, 02, 03, 04

Mildura, 2016, Semester 2, Online

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorDavid Walker

Class requirements

Lecture Week: 31 - 43
One 2.0 hours lecture per week on any day including weekend during the day from week 31 to week 43 and delivered via online.
"Delivered via LMS"

Tutorial Week: 31 - 43
One 1.0 hours tutorial per week on any day including weekend during the day from week 31 to week 43 and delivered via online.
"Delivered via LMS"

Assessments

Assessment elementComments% ILO*
one 1500-word report20 02, 05
one one-hour mid-semester test20 01, 02, 03, 04, 05
one two-hour final examination60 01, 02, 03, 04

Shepparton, 2016, Semester 2, Online

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorDavid Walker

Class requirements

Lecture Week: 31 - 43
One 2.0 hours lecture per week on any day including weekend during the day from week 31 to week 43 and delivered via online.
"Delivered via LMS"

Tutorial Week: 31 - 43
One 1.0 hours tutorial per week on any day including weekend during the day from week 31 to week 43 and delivered via online.
"Delivered via LMS"

Assessments

Assessment elementComments% ILO*
one 1500-word report20 02, 05
one one-hour mid-semester test20 01, 02, 03, 04, 05
one two-hour final examination60 01, 02, 03, 04