This course is available for on-campus & remote (online) learning. All students participate in interactive, real-time classes.
The course provides training in the economics of natural resource management and agriculture. The first part introduces the key models and techniques of resource economics and applies them to non-renewable resources such as minerals and energy and renewable resources such as fisheries, forests, and water, as well as the analysis of sustainability. Managing these resources requires optimisation across time periods. Students will learn how to develop and numerically solve intertemporal resource allocation models. The second part turns to agricultural economics, with a particular focus on developing economies. Topics include technological change, food security, agricultural trade, and the role of agriculture in economic development.
Learning Outcomes
Upon successful completion, students will have the knowledge and skills to:
- Understand and use the key models of resource economics to investigate resource management problems and issues.
- Apply advanced mathematics and numerical methods to solve quantitative resource management problems.
- Use microeconomic tools to analyse decision-making in agriculture.
- Assess the role of agriculture in international trade and development.
- Evaluate and communicate research in agricultural and resource economics.
Indicative Assessment
- Assignment 1 (10) [LO 1,2,3]
- Assignment 2 (10) [LO 1,2,3]
- Assignment 3 (10) [LO 1,2,3]
- Essay (maximum 3,000 words) (25) [LO 1,3,4,5]
- Final examination (45) [LO 1,3,4]
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
A standard workload for a 6 unit course is 130 hours including class time and independent study.
Inherent Requirements
Not applicable.
Prescribed Texts
None.
Assumed Knowledge
Knowledge of microeconomics and calculus equivalent to what would be obtained by completing IDEC8015 and IDEC8016 is assumed.
Fees
Tuition fees are for the academic year indicated at the top of the page.
Commonwealth Support (CSP) Students
If you 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). More information about your student contribution amount for each course at Fees.
- Student Contribution Band:
- 34
- Unit value:
- 6 units
If you are a domestic graduate coursework student with a Domestic Tuition Fee (DTF) place or international student you will be required to pay course tuition fees (see below). Course tuition fees are indexed annually. Further information for domestic and international students about tuition and other fees can be found 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 | Description |
|---|---|---|
| 2024 | $4680 | Standard Rate |
| 2024 | $3720 |
Grandfathered Rate*
*continuing students in nominated programs only. See fee website |
- International fee paying students
| Year | Fee |
|---|---|
| 2024 | $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.
Second Semester
| Class number | Class start date | Last day to enrol | Census date | Class end date | Mode Of Delivery | Class Summary |
|---|---|---|---|---|---|---|
| On Campus | ||||||
| 8940 | 22 Jul 2024 | 29 Jul 2024 | 31 Aug 2024 | 25 Oct 2024 | In Person | N/A |
| Online | ||||||
| 8941 | 22 Jul 2024 | 29 Jul 2024 | 31 Aug 2024 | 25 Oct 2024 | Online | N/A |
