• Offered by Research School of Economics
  • ANU College ANU College of Business and Economics
  • Classification Advanced
  • Course subject Economics
  • Areas of interest Economics
  • Academic career Postgraduate
  • Course convener
    • Ronald Stauber
  • Mode of delivery In Person
  • Offered in Second Semester 2018
    See Future Offerings

In many economic situations, the incentives of individual agents are not aligned with the objective of attaining aggregate economic efficiency, or the maximisation of social welfare. Such situations often lead to market failures that are characterised by environmental degradation or the overexploitation of natural resources.
 
This course analyses the economic principles underlying the design of efficient environmental policies and the optimal management of natural resources. It identifies conditions under which market failures lead to environmental degradation or to the overexploitation of natural resources, and discusses economic policies that can counteract such market failures. Such policies include imposing taxes on certain economic activities, or allocating property rights that allow these activities to be undertaken. If property rights—which may take the form of pollution permits, or individual quotas for the harvesting of natural resources—are transferable between agents, the trade of property rights between self-interested agents yields economic efficiency as a market-based outcome.

Learning Outcomes

Upon a successful completion of this course, students should be able to:
   Understand how various market failures may lead to environmental degradation or the overexploitation of natural resources;
Use economic modelling to evaluate various approaches to the design of efficient environmental policies and of rules for the optimal management of natural resources;
Construct and analyse simple dynamic models of natural resource management.
Analyse advanced graduate-level models of environmental economics and natural resource management

Other Information

See the course outline on the College courses page. Outlines are uploaded as they become available. 

Indicative Assessment

The assessment for this course will consist of a midterm examination, and a final exam

The ANU uses Turnitin to enhance student citation and referencing techniques, and to assess assignment submissions as a component of the University's approach to managing Academic Integrity. While the use of Turnitin is not mandatory, the ANU highly recommends Turnitin is used by both teaching staff and students. For additional information regarding Turnitin please visit the ANU Online website.

Workload

12 hours per week

Requisite and Incompatibility

To enrol in this course you must have previously completed ECON8025 or ECON8011 or ECON2101 or ECON2111.

Prescribed Texts


 

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:
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
Domestic fee paying students
Year Fee
2018 $4080
International fee paying students
Year Fee
2018 $5400
Note: Please note that fee information is for current year only.

Offerings and Dates

The list of offerings for future years is indicative only

Second Semester

Class number Class start date Last day to enrol Census date Class end date Mode Of Delivery
9663 23 Jul 2018 30 Jul 2018 31 Aug 2018 26 Oct 2018 In Person

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