PRINCIPLES OF ENVIRONMENTAL & RESOURCE ECONOMICS

ECO2ERE

2021

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/Exchange StudentsYes

Subject year levelYear Level 2 - UG

Available as ElectiveYes

Learning ActivitiesOnline activities, readings, Zoom session, Online Problem Set and Policy Evaluation

Capstone subjectNo

Subject particulars

Subject rules

PrerequisitesN/A

Co-requisitesN/A

Incompatible subjectsN/A

Equivalent subjectsN/A

Quota Management StrategyN/A

Quota-conditions or rulesN/A

Special conditionsN/A

Minimum credit point requirementN/A

Assumed knowledgeN/A

Career Ready

Career-focusedNo

Work-based learningNo

Self sourced or Uni sourcedN/A

Entire subject or partial subjectN/A

Total hours/days requiredN/A

Location of WBL activity (region)N/A

WBL addtional requirementsN/A

Graduate capabilities & intended learning outcomes

Graduate Capabilities

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

Subject options

Select to view your study options…

Start date between: and    Key dates

Albury-Wodonga, 2021, Semester 1, Online

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorDavid Walker

Class requirements

Unscheduled Online ClassWeek: 10 - 22
One 3.00 h 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/AOtherIndividualNo40 SILO1, SILO3, SILO5

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

N/AOtherIndividualNo20 SILO1, 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/AOther written examIndividualNo40 SILO1, SILO2, SILO3, SILO4, SILO5

Bendigo, 2021, Semester 1, Online

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorDavid Walker

Class requirements

Unscheduled Online ClassWeek: 10 - 22
One 3.00 h 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/AOtherIndividualNo40 SILO1, SILO3, SILO5

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

N/AOtherIndividualNo20 SILO1, 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/AOther written examIndividualNo40 SILO1, SILO2, SILO3, SILO4, SILO5

Melbourne (Bundoora), 2021, Semester 1, Online

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorDavid Walker

Class requirements

Unscheduled Online ClassWeek: 10 - 22
One 3.00 h 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/AOtherIndividualNo40 SILO1, SILO3, SILO5

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

N/AOtherIndividualNo20 SILO1, 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/AOther written examIndividualNo40 SILO1, SILO2, SILO3, SILO4, SILO5

Mildura, 2021, Semester 1, Online

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorDavid Walker

Class requirements

Unscheduled Online ClassWeek: 10 - 22
One 3.00 h 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/AOtherIndividualNo40 SILO1, SILO3, SILO5

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

N/AOtherIndividualNo20 SILO1, 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/AOther written examIndividualNo40 SILO1, SILO2, SILO3, SILO4, SILO5

Shepparton, 2021, Semester 1, Online

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorDavid Walker

Class requirements

Unscheduled Online ClassWeek: 10 - 22
One 3.00 h 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/AOtherIndividualNo40 SILO1, SILO3, SILO5

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

N/AOtherIndividualNo20 SILO1, 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/AOther written examIndividualNo40 SILO1, SILO2, SILO3, SILO4, SILO5