- Class Number 2729
- Term Code 2930
- Class Info
- Unit Value 6 units
- Mode of Delivery In Person
- Prof David Stern
- Prof David Stern
- Class Dates
- Class Start Date 25/02/2019
- Class End Date 31/05/2019
- Census Date 31/03/2019
- Last Date to Enrol 04/03/2019
This course provides a broad coverage of environmental economics for Master-level students. The course covers market failure, the economics of pollution control, market-based instruments, environmental cost-benefit analysis, environmental valuation, the environment and the economy, global environmental problems, and other topics. Students will apply economic approaches to analyse policy options to better manage the environment at both the local and global levels.
Upon successful completion, students will have the knowledge and skills to:On successful completion of this course students will:
(1) Have a detailed understanding of the discipline of environmental economics, including its key principles and methods.
(2) Be able to use economic techniques to analyse environmental problems and to assess environmental policies.
(3) Have developed research skills in the field of environmental economics.
The textbook is:
Perman, R, Ma, Y, Common, M, Maddison, D & McGilvray, J. 2011. Natural Resource and Environmental Economics, 4th edn, Addison Wesley.
The textbook is available at the Reserve desk at the ANU Library. The main text is available at the Co-op Bookshop and there are also e-book options. Additional readings will be made available on Wattle.
Weekly Readings from Perman et al.
Week 1: Introduction to the course, environmental economics, and key environmental issues
Week 2: Economy and environment
Week 3: Ethics, e?ciency, and equity
Chapter 3, Sections 4.1-4.7 11.1
Week 4: Economic analysis of environmental problems
Sections 4.8-4.10, 4.12-4.13, 5.1-5.6, 5.11-5.12
Week 5: Frameworks for environmental decision-making and evaluation
Section 4.4, Chapters 8, 11
Week 6: Valuation of the environment
Week 7: Types of environmental policy and criteria for evaluating them
Sections 5.14, 6.1, 6.3
Week 8: Decentralized policies and command and control
Sections 4.10-4.13, 6.3
Week 9: Incentive-based policies
Sections 5.13, 6.2, 6.4, 6.6, 7.3
Week 10: International environmental problems
Chapter 9, Section 2.5
Week 11: Trade and the environment
Week 12: Irreversibility, risk, and uncertainty
Chapters 7, 13
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||Week 1: Introduction to the course, environmental economics, and key environmental issues Lecture: 28 February. No tutorial this week.|
|2||Week 2: Economy and environment Lecture: 7 March. Tutorials: 8 March.|
|3||Week 3: Ethics, efficiency, and equity Lecture: 14 March. Tutorials: 15 March.|
|4||Week 4: Economic analysis of environmental problems Lecture: 21 March. Tutorials: 22 March.|
|5||Week 5: Frameworks for environmental decision-making and evaluation Lecture: 28 March. Tutorials: 29 March.|
|6||Week 6: Valuation of the environment Lecture: 4 April. Tutorials: 5 April.|
|7||Week 7: Types of environmental policy and criteria for evaluating them No lecture due to ANZAC Day. Tutorials: 26 April.|
|8||Week 8: Decentralized policies and command and control Lecture: 2 May. Tutorials: 3 May.|
|9||Week 9: Incentive-based policies Lecture: 9 May. Tutorials: 10 May.|
|10||Week 10: International environmental problems Lecture: 16 May. Tutorials: 17 May.|
|11||Week 11: Trade and the environment Lecture: 23 May. Tutorials: 24 May.|
|12||Week 12: Irreversibility, risk, and uncertainty Lecture: 30 May. Tutorials: 31 May.|
Register for tutorial groups on Wattle.
|Assessment task||Value||Due Date||Return of assessment||Learning Outcomes|
|Mid-Semester Exam||20 %||23/04/2019||30/04/2019||1, 2|
|Essay Proposal||5 %||07/04/2019||15/04/2019||1, 2, 3|
|Essay||25 %||02/06/2019||04/07/2019||1, 2, 3|
|Final Exam||50 %||06/06/2019||04/07/2019||1, 2|
* If the Due Date and Return of Assessment date are blank, see the Assessment Tab for specific Assessment Task details
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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
Learning Outcomes: 1, 2
ANU Semester 1 mid-semester exam period
Assessment Task 2
Learning Outcomes: 1, 2, 3
11:55pm Sunday 7 April 2019
Assessment Task 3
Learning Outcomes: 1, 2, 3
11:55pm Sunday 2 June 2019
The details of the task and the assessment criteria will be available on Wattle.
Assessment Task 4
Learning Outcomes: 1, 2
ANU Semester 1 final exam period
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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.
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Energy economics, environmental economics, economic growth, research assessment
Prof David Stern