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.

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

Graduate capabilities & intended learning outcomes

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

Activities:
Online activities and resources
Related graduate capabilities and elements:
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)

02. Explain how lack of well-defined property rights, externalities and market failure contributes to environmental problems

Activities:
Online activities, readings, Zoom session and Online Problem Set
Related graduate capabilities and elements:
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)

03. Evaluate environmental valuation techniques and analyse environmental problems using cost-benefit principles

Activities:
Online activities, readings, Zoom session, Online Problem Set and Policy Evaluation
Related graduate capabilities and elements:
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)

04. Explain the principles of optimal allocation of resources over time and sustainable development

Activities:
Online activities, readings, Zoom session and Online Problem Set
Related graduate capabilities and elements:
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)

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

Activities:
Online activities, readings, Zoom session, Online Problem Set and Policy Evaluation
Related graduate capabilities and elements:
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)

Subject options

Select to view your study options…

Start date between: and    Key dates

Albury-Wodonga, 2020, Semester 1, Online

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorDavid Walker

Class requirements

Unscheduled Online Class Week: 10 - 22
One 3.0 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 elementComments% ILO*
Policy Evaluation (1,500 words)Students are to evaluate an environmental policy 40 01, 03, 05
Online Problem Sets (1,000 word equivalent)Formative assessment20 01, 02, 03, 04, 05
Final examination (2 hours) (Broadly equivalent to 2000 words)An online final exam consisting of multiple choice and short answer quesitons40 01, 02, 03, 04, 05

Bendigo, 2020, Semester 1, Online

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorDavid Walker

Class requirements

Unscheduled Online Class Week: 10 - 22
One 3.0 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 elementComments% ILO*
Policy Evaluation (1,500 words)Students are to evaluate an environmental policy 40 01, 03, 05
Online Problem Sets (1,000 word equivalent)Formative assessment20 01, 02, 03, 04, 05
Final examination (2 hours) (Broadly equivalent to 2000 words)An online final exam consisting of multiple choice and short answer quesitons40 01, 02, 03, 04, 05

Melbourne, 2020, Semester 1, Online

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorDavid Walker

Class requirements

Unscheduled Online Class Week: 10 - 22
One 3.0 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 elementComments% ILO*
Policy Evaluation (1,500 words)Students are to evaluate an environmental policy 40 01, 03, 05
Online Problem Sets (1,000 word equivalent)Formative assessment20 01, 02, 03, 04, 05
Final examination (2 hours) (Broadly equivalent to 2000 words)An online final exam consisting of multiple choice and short answer quesitons40 01, 02, 03, 04, 05

Mildura, 2020, Semester 1, Online

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorDavid Walker

Class requirements

Unscheduled Online Class Week: 10 - 22
One 3.0 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 elementComments% ILO*
Policy Evaluation (1,500 words)Students are to evaluate an environmental policy 40 01, 03, 05
Online Problem Sets (1,000 word equivalent)Formative assessment20 01, 02, 03, 04, 05
Final examination (2 hours) (Broadly equivalent to 2000 words)An online final exam consisting of multiple choice and short answer quesitons40 01, 02, 03, 04, 05

Shepparton, 2020, Semester 1, Online

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorDavid Walker

Class requirements

Unscheduled Online Class Week: 10 - 22
One 3.0 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 elementComments% ILO*
Policy Evaluation (1,500 words)Students are to evaluate an environmental policy 40 01, 03, 05
Online Problem Sets (1,000 word equivalent)Formative assessment20 01, 02, 03, 04, 05
Final examination (2 hours) (Broadly equivalent to 2000 words)An online final exam consisting of multiple choice and short answer quesitons40 01, 02, 03, 04, 05