- 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, Environmental Studies, Human Sciences 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:
- 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
- describe the potential for market and government ('command and control) mechanisms to address environmental issues
- 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.
If you do not meet the requisites for this course, it may be possible to receive a permission code. If you are prompted for a permission code on ISIS, please request one online via the following form.
- Participation in group work within the weekly lecture (weeks 2 to 11) (5) [LO 1,3]
- An oral presentation in tutorials based on a written paper (10) [LO 1,2,3]
- Take-home test (15) [LO 1,2,3]
- A mid semester test (closed book) (20) [LO 1,2,3]
- A final examination (closed book) (50) [LO 1,2,3]
In response to COVID-19: Please note that Semester 2 Class Summary information (available under the classes tab) is as up to date as possible. Changes to Class Summaries not captured by this publication will be available to enrolled students via Wattle.
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The expected workload will consist of approximately 130 hours throughout the semester including:
- Face-to face component which may consist of 1 x 3 hour lecture per week plus 1 x 1 hour tutorial per week commencing week 2.
- Approximately 83 hours of self-study which will include preparation for lectures, presentations and other assessment tasks.
Students are expected to actively participate and contribute towards activities and discussions in both lectures and tutorials.
To be determined.
Requisite and Incompatibility
Harris, Jonathan M. and Brian Roach (2018). Environmental and Natural Resource Economics: A Contemporary Approach, 4th edn. Routledge.
Tietenberg, Thomas H. and Lynne Lewis (2018). Environmental and Natural Resource Economics, 11th edn. Routledge
Areas of Interest
- Interdisciplinary Studies - Sustainability
- Environmental Studies
- Human Sciences
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:
- 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.
Offerings, Dates and Class Summary Links
Class summaries, if available, can be accessed by clicking on the View link for the relevant class number.