- Class Number 9876
- Term Code 2960
- Class Info
- Unit Value 6 units
- Mode of Delivery In Person
- Prof Rupert Grafton
- Prof Rupert Grafton
- Class Dates
- Class Start Date 22/07/2019
- Class End Date 25/10/2019
- Census Date 31/08/2019
- Last Date to Enrol 29/07/2019
The course “Introduction to Environmental and Resource Economics’ begins with an explanation of what economics is. In this explanation, a role for economics in the consideration of environmental matters is established. 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 set out. These include opportunity cost, demand, transaction costs, property rights and benefit cost analysis.
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, energy, agriculture and wildlife, at local, regional and global levels. This course also provides the basic skills for further studies in environmental and resource economics.
Examination Material or equipment
Foreign language dictionary
Title: Environmental and Natural Resource Economics A Contemporary Approach (2018)
Authors: Harris, J.M. and Roach, B.
ISBN 978-1-315-62019-0 (ebook) 978-315-65947-6 (hbk)
Title: Environmental and Natural Resorce Economics (2018)
Author: Tietenberg, T. and Lewis, L.
Edition: 11th Edition
ISBN: 978-1-138-63230-1 9pbk) 978-1-315-20834-3 (ebk)
Staff FeedbackStudents will be given feedback in the following forms in this course:
- Written comments
- Verbal comments
- Feedback to the whole class, to groups, to individuals, focus groups
Student FeedbackANU is committed to the demonstration of educational excellence and regularly seeks feedback from students. Students are encouraged to offer feedback directly to their Course Convener or through their College and Course representatives (if applicable). The feedback given in these surveys is anonymous and provides the Colleges, University Education Committee and Academic Board with opportunities to recognise excellent teaching, and opportunities for improvement. The Surveys and Evaluation website provides more information on student surveys at ANU and reports on the feedback provided on ANU courses.
|Week/Session||Summary of Activities||Assessment|
|1||Introduction to course and expectations. Introduction to economy and the environment. marginal cost and marginal benefits. Understanding of market equilibrium, consumer surplus and producer surplus.||See HR Chapters 1 and 2, Appendix 3.1|
|2||Environmental externalities, government failure and market failure. Internalising externalities.||HR Chapter 3|
|3||Cost-Benefit Analysis||HR Chapter 7|
|4||Economics of Pollution Control||HR Chapter 8|
|5||Tragedy of the Commons and Public Goods||HR Chapter 4|
|6||Fisheries economics and policy||HR Chapters 4 and 18|
|7||Forestry economics and policy||HR Chapter 19|
|8||Water economics and policy||HR Chapter 20|
|9||Non-renewable resources and scarcity||HR Chapter 17|
|10||Food-Energy-Environment-Water Nexus||HR Chapters 15 and 16|
|11||Energy Transition and Climate Change||HR Chapters 11 and 12|
|12||Global sustainability||HR Chapters 9, 10 and 22|
|Assessment task||Value||Due Date||Return of assessment|
|Participation in group work within the weekly lecture (weeks 2 to 11)||5 %||30/07/2019||28/11/2019|
|An oral presentation in tutorials based on a written paper (weeks 3 to 10)||10 %||09/08/2019||28/11/2019|
|Take-home test||15 %||20/08/2019||28/11/2019|
|Mid-semester exam (closed book)||20 %||17/09/2019||28/11/2019|
|Final exam (closed book)||50 %||31/10/2019||28/11/2019|
* If the Due Date and Return of Assessment date are blank, see the Assessment Tab for specific Assessment Task details
PoliciesANU has educational policies, procedures and guidelines, which are designed to ensure that staff and students are aware of the University’s academic standards, and implement them. Students are expected to have read the Academic Misconduct Rule before the commencement of their course. Other key policies and guidelines include:
Assessment RequirementsThe ANU is using 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. For additional information regarding Turnitin please visit the ANU Online website Students may choose not to submit assessment items through Turnitin. In this instance you will be required to submit, alongside the assessment item itself, hard copies of all references included in the assessment item.
Moderation of AssessmentMarks that are allocated during Semester are to be considered provisional until formalised by the College examiners meeting at the end of each Semester. If appropriate, some moderation of marks might be applied prior to final results being released.
Assessment Task 1
Participation in group work within the weekly lecture (weeks 2 to 11)
Length: Students will work in groups and asked to respond to questions relevant to the material covered during the lecture.
Due: Each week (2 to 11)
Assessment Task 2
An oral presentation in tutorials based on a written paper (weeks 3 to 10)
Length: Students will be assigned to tutorial and topic at random of one page.
Mode of submission: Paper due on Turnitin
Due: Each week
Assessment Task 3
Length: Short essay questions
Mode of submission: Submission via Turnitin
Assessment Task 4
Mid-semester exam (closed book)
Length: Short answer questions
Date: 17 September 2019
Assessment Task 5
Final exam (closed book)
Length: Short answer questions
Final Examination (to be held during the examination period with the specific date to be confirmed by the ANU examination office)
Academic IntegrityAcademic integrity is a core part of our culture as a community of scholars. At its heart, academic integrity is about behaving ethically. This means that all members of the community commit to honest and responsible scholarly practice and to upholding these values with respect and fairness. The Australian National University commits to embedding the values of academic integrity in our teaching and learning. We ensure that all members of our community understand how to engage in academic work in ways that are consistent with, and actively support academic integrity. The ANU expects staff and students to uphold high standards of academic integrity and act ethically and honestly, to ensure the quality and value of the qualification that you will graduate with. The University has policies and procedures in place to promote academic integrity and manage academic misconduct. Visit the following Academic honesty & plagiarism website for more information about academic integrity and what the ANU considers academic misconduct. The ANU offers a number of services to assist students with their assignments, examinations, and other learning activities. The Academic Skills and Learning Centre offers a number of workshops and seminars that you may find useful for your studies.
Online SubmissionThe 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.
Hardcopy SubmissionFor some forms of assessment (hand written assignments, art works, laboratory notes, etc.) hard copy submission is appropriate when approved by the Associate Dean (Education). Hard copy submissions must utilise the Assignment Cover Sheet. Please keep a copy of tasks completed for your records.
Late SubmissionNo submission of assessment tasks without an extension after the due date will be permitted. If an assessment task is not submitted by the due date, a mark of 0 will be awarded. OR Late submission of assessment tasks without an extension are penalised at the rate of 5% of the possible marks available per working day or part thereof. Late submission of assessment tasks is not accepted after 10 working days after the due date, or on or after the date specified in the course outline for the return of the assessment item. Late submission is not accepted for take-home examinations.
Referencing RequirementsAccepted academic practice for referencing sources that you use in presentations can be found via the links on the Wattle site, under the file named “ANU and College Policies, Program Information, Student Support Services and Assessment”. Alternatively, you can seek help through the Students Learning Development website.
Extensions and PenaltiesExtensions and late submission of assessment pieces are covered by the Student Assessment (Coursework) Policy and Procedure The Course Convener may grant extensions for assessment pieces that are not examinations or take-home examinations. If you need an extension, you must request an extension in writing on or before the due date. If you have documented and appropriate medical evidence that demonstrates you were not able to request an extension on or before the due date, you may be able to request it after the due date.
Distribution of grades policyAcademic Quality Assurance Committee monitors the performance of students, including attrition, further study and employment rates and grade distribution, and College reports on quality assurance processes for assessment activities, including alignment with national and international disciplinary and interdisciplinary standards, as well as qualification type learning outcomes. Since first semester 1994, ANU uses a grading scale for all courses. This grading scale is used by all academic areas of the University.
Support for studentsThe University offers students support through several different services. You may contact the services listed below directly or seek advice from your Course Convener, Student Administrators, or your College and Course representatives (if applicable).
- ANU Health, safety & wellbeing for medical services, counselling, mental health and spiritual support
- ANU Diversity and inclusion for students with a disability or ongoing or chronic illness
- ANU Dean of Students for confidential, impartial advice and help to resolve problems between students and the academic or administrative areas of the University
- ANU Academic Skills and Learning Centre supports you make your own decisions about how you learn and manage your workload.
- ANU Counselling Centre promotes, supports and enhances mental health and wellbeing within the University student community.
- ANUSA supports and represents undergraduate and ANU College students
- PARSA supports and represents postgraduate and research students
Prof Rupert Grafton