The course “Introduction to Environmental and Resource Economics’ explains the economic 'way of thinking' in the context of environmental matters. The potential for markets to solve environmental problems is explored and this is accompanied by an analysis of government, or ‘command and control’ mechanisms for dealing with environmental issues. Throughout the course economic principles and techniques are applied and example/cases are evaluated.
Learning Outcomes
Upon successful completion, students will have the knowledge and skills to:
- On satisfying the requirements of this course, students will have the knowledge and skills to (1) explain how the discipline of economics, and economic tools such as cost-benefit analysis, can be used to analyse environmental and natural resource use issues, (2) describe the potential for market and government ('command and control) mechanisms to address environmental issues, and (3) appreciate the role of economics in the management of natural resources, including water, forests and energy.
Other Information
Delivery Mode:
First semester; lectures and tutorials. On Campus.
Indicative Assessment
- The course will be assessed on the basis of student performance in four modes of assessment: (100) [LO null]
- Oral presentation at a tutorial assigned at random (10% each) (10) [LO null]
- Class work during weekly lectures (15%) (15) [LO null]
- A mid semester test (open book)(25%) (25) [LO null]
- A final examination (open book) (50%) (50) [LO null]
In response to COVID-19: Please note that Semester 2 Class Summary information (available under the classes tab) is as up to date as possible. Changes to Class Summaries not captured by this publication will be available to enrolled students via Wattle.
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Workload
3 contact hours per week (lectures) plus 5 hours preparation, assignments and revision per week.
Inherent Requirements
Not applicable
Prescribed Texts
Harris, Jonathan, M. and Roach, Brian. 2018. Environmental and Resource Economics: A Contemporary Approach. 4th Edition. Routledge.
Preliminary Reading
Recommended (supplementary) reading
Tietenebrg, Thomas, H. and Lewis, Lynne. 2018. Environmental and Natural Resource Economics. 11th Edition. Routledge.
Assumed Knowledge
No assumed knowledge of economics is required.
Fees
Tuition fees are for the academic year indicated at the top of the page.
If you are a domestic graduate coursework or international student you will be required to pay tuition fees. Tuition fees are indexed annually. Further information for domestic and international students about tuition and other fees can be found at Fees.
- Student Contribution Band:
- 3
- Unit value:
- 6 units
If you are an undergraduate student and have been offered a Commonwealth supported place, your fees are set by the Australian Government for each course. At ANU 1 EFTSL is 48 units (normally 8 x 6-unit courses). You can find your student contribution amount for each course at Fees. Where there is a unit range displayed for this course, not all unit options below may be available.
| Units | EFTSL |
|---|---|
| 6.00 | 0.12500 |
Course fees
- Domestic fee paying students
| Year | Fee |
|---|---|
| 2020 | $4500 |
- International fee paying students
| Year | Fee |
|---|---|
| 2020 | $6000 |
Offerings, Dates and Class Summary Links
ANU utilises MyTimetable to enable students to view the timetable for their enrolled courses, browse, then self-allocate to small teaching activities / tutorials so they can better plan their time. Find out more on the Timetable webpage.
Class summaries, if available, can be accessed by clicking on the View link for the relevant class number.