PRINCIPLES OF ENVIRONMENTAL & RESOURCE ECONOMICS

ECO2ERE

2020

Credit points: 15

Subject outline

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.

School: La Trobe Business School (Pre 2022)

Credit points: 15

Subject Co-ordinator: David Walker

Available to Study Abroad/Exchange Students: Yes

Subject year level: Year Level 2 - UG

Available as Elective: No

Learning Activities: N/A

Capstone subject: No

Subject particulars

Subject rules

Prerequisites: N/A

Co-requisites: N/A

Incompatible subjects: N/A

Equivalent subjects: N/A

Quota Management Strategy: N/A

Quota-conditions or rules: N/A

Special conditions: N/A

Minimum credit point requirement: N/A

Assumed knowledge: N/A

Career Ready

Career-focused: No

Work-based learning: No

Self sourced or Uni sourced: N/A

Entire subject or partial subject: N/A

Total hours/days required: N/A

Location of WBL activity (region): N/A

WBL addtional requirements: N/A

Graduate capabilities & intended learning outcomes

Graduate Capabilities

INQUIRY AND ANALYSIS - Creativity and Innovation
INQUIRY AND ANALYSIS - Critical Thinking and Problem Solving
INQUIRY AND ANALYSIS - Research and Evidence-Based Inquiry

Intended Learning Outcomes

01. Explain basic linkages between the economy and the environment and the economic decision-making framework
02. Explain how lack of well-defined property rights, externalities and market failure contributes to environmental problems
03. Evaluate environmental valuation techniques and analyse environmental problems using cost-benefit principles
04. Explain the principles of optimal allocation of resources over time and sustainable development
05. Evaluate various policy instruments for management of environmental and natural resources

Albury-Wodonga, 2020, Semester 1, Online

Overview

Online enrolment: Yes

Maximum enrolment size: N/A

Subject Instance Co-ordinator: David Walker

Class requirements

Unscheduled Online ClassWeek: 10 - 22
One 3.00 hours unscheduled online class per week on any day including weekend during the day from week 10 to week 22 and delivered via online.
Delivered via LMS

Assessments

Assessment elementCommentsCategoryContributionHurdle%ILO*

Policy Evaluation (1,500 words)Students are to evaluate an environmental policy

N/AN/AN/ANo40SILO1, SILO3, SILO5

Online Problem Sets (1,000 word equivalent)Formative assessment

N/AN/AN/ANo20SILO1, SILO2, SILO3, SILO4, SILO5

Final examination (2 hours) (Broadly equivalent to 2000 words)An online final exam consisting of multiple choice and short answer questions

N/AN/AN/ANo40SILO1, SILO2, SILO3, SILO4, SILO5

Bendigo, 2020, Semester 1, Online

Overview

Online enrolment: Yes

Maximum enrolment size: N/A

Subject Instance Co-ordinator: David Walker

Class requirements

Unscheduled Online ClassWeek: 10 - 22
One 3.00 hours unscheduled online class per week on any day including weekend during the day from week 10 to week 22 and delivered via online.
Delivered via LMS

Assessments

Assessment elementCommentsCategoryContributionHurdle%ILO*

Policy Evaluation (1,500 words)Students are to evaluate an environmental policy

N/AN/AN/ANo40SILO1, SILO3, SILO5

Online Problem Sets (1,000 word equivalent)Formative assessment

N/AN/AN/ANo20SILO1, SILO2, SILO3, SILO4, SILO5

Final examination (2 hours) (Broadly equivalent to 2000 words)An online final exam consisting of multiple choice and short answer questions

N/AN/AN/ANo40SILO1, SILO2, SILO3, SILO4, SILO5

Melbourne (Bundoora), 2020, Semester 1, Online

Overview

Online enrolment: Yes

Maximum enrolment size: N/A

Subject Instance Co-ordinator: David Walker

Class requirements

Unscheduled Online ClassWeek: 10 - 22
One 3.00 hours unscheduled online class per week on any day including weekend during the day from week 10 to week 22 and delivered via online.
Delivered via LMS

Assessments

Assessment elementCommentsCategoryContributionHurdle%ILO*

Policy Evaluation (1,500 words)Students are to evaluate an environmental policy

N/AN/AN/ANo40SILO1, SILO3, SILO5

Online Problem Sets (1,000 word equivalent)Formative assessment

N/AN/AN/ANo20SILO1, SILO2, SILO3, SILO4, SILO5

Final examination (2 hours) (Broadly equivalent to 2000 words)An online final exam consisting of multiple choice and short answer questions

N/AN/AN/ANo40SILO1, SILO2, SILO3, SILO4, SILO5

Mildura, 2020, Semester 1, Online

Overview

Online enrolment: Yes

Maximum enrolment size: N/A

Subject Instance Co-ordinator: David Walker

Class requirements

Unscheduled Online ClassWeek: 10 - 22
One 3.00 hours unscheduled online class per week on any day including weekend during the day from week 10 to week 22 and delivered via online.
Delivered via LMS

Assessments

Assessment elementCommentsCategoryContributionHurdle%ILO*

Policy Evaluation (1,500 words)Students are to evaluate an environmental policy

N/AN/AN/ANo40SILO1, SILO3, SILO5

Online Problem Sets (1,000 word equivalent)Formative assessment

N/AN/AN/ANo20SILO1, SILO2, SILO3, SILO4, SILO5

Final examination (2 hours) (Broadly equivalent to 2000 words)An online final exam consisting of multiple choice and short answer questions

N/AN/AN/ANo40SILO1, SILO2, SILO3, SILO4, SILO5

Shepparton, 2020, Semester 1, Online

Overview

Online enrolment: Yes

Maximum enrolment size: N/A

Subject Instance Co-ordinator: David Walker

Class requirements

Unscheduled Online ClassWeek: 10 - 22
One 3.00 hours unscheduled online class per week on any day including weekend during the day from week 10 to week 22 and delivered via online.
Delivered via LMS

Assessments

Assessment elementCommentsCategoryContributionHurdle%ILO*

Policy Evaluation (1,500 words)Students are to evaluate an environmental policy

N/AN/AN/ANo40SILO1, SILO3, SILO5

Online Problem Sets (1,000 word equivalent)Formative assessment

N/AN/AN/ANo20SILO1, SILO2, SILO3, SILO4, SILO5

Final examination (2 hours) (Broadly equivalent to 2000 words)An online final exam consisting of multiple choice and short answer questions

N/AN/AN/ANo40SILO1, SILO2, SILO3, SILO4, SILO5