- Code ENVS2007
- Unit Value 6 units
- Offered by Fenner School of Environment and Society
- ANU College ANU Joint Colleges of Science
- Course subject Environmental Science
- Areas of interest Forestry, Geography, Interdisciplinary Studies - Sustainability, Resource Management and Environmental Science, Environmental Studies More...
The course “Economics for the Environment’ 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
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.
The course will be assessed on the basis of student performance in four modes of assessment:
- Two assignments randomly drawn at two different points in time during the semester from assignments set each week. (10% each)
- An oral presentation based on a written paper (10%)
- A mid semester test (closed book) (20%)
- A final examination (closed book) (50%)
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Two one-hour lectures and a one-hour tutorial each week, plus up to seven hours per week individual study
Requisite and Incompatibility
Tietenberg, T. (2009) Environmental Economics and Policy (6th edition). Boston: Pearson Addison Wesley.
Heyne, P.T. (2000) The Economic Way of Thinking (9th edition). Prentice Hall, NJ.
Recommended reading -
Bennett, J. (2012) Little Green Lies. Ballan, Vic.: Connor Court Publishing
Areas of Interest
- Interdisciplinary Studies - Sustainability
- Resource Management and Environmental Science
- Environmental Studies
- Human Sciences
Tuition fees are for the academic year indicated at the top of the page.
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- Student Contribution Band:
- 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.
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