- Class Number 6727
- Term Code 3160
- Class Info
- Unit Value 6 units
- Mode of Delivery In Person
- Dr Jilu Zhang
- Dr Jilu Zhang
- Dr Ralf Steinhauser
- Class Dates
- Class Start Date 26/07/2021
- Class End Date 29/10/2021
- Census Date 14/09/2021
- Last Date to Enrol 02/08/2021
In many economic situations, the incentives of individual agents are not aligned with the objective of attaining aggregate economic efficiency, or the maximisation of social welfare. Such situations often lead to market failures that are characterised by environmental degradation or the overexploitation of natural resources.
This course analyses the economic principles underlying the design of efficient environmental policies and the optimal management of natural resources. It identifies conditions under which market failures lead to environmental degradation or to the overexploitation of natural resources, and discusses economic policies that can counteract such market failures. Such policies include imposing taxes on certain economic activities, or allocating property rights that allow these activities to be undertaken. If property rights—which may take the form of pollution permits, or individual quotas for the harvesting of natural resources—are transferable between agents, the trade of property rights between self-interested agents yields economic efficiency as a market-based outcome.
Upon successful completion, students will have the knowledge and skills to:
- Understand how various market failures may lead to environmental degradation or the overexploitation of natural resources;
- Use economic modelling to evaluate various approaches to the design of efficient environmental policies and of rules for the optimal management of natural resources;
- Construct and analyse simple dynamic models of natural resource management.
- Analyse advanced graduate-level models of environmental economics and natural resource management
Theory and applied examples covered in the course are derived from research in the field of Environmental and Resource Economics. In addition, students are required to participate in a weekly discussion session which will be based on research papers as well as public discussions on the given topic.
Examination Material or equipment
All materials permitted in the exam.
There is a number of books which are suitable for additional readings. Most of the topics are standard in this field and will be covered in any Environmental Economics textbook you will find. The two following texts are an affordable recommendation and the Harris book is available in ANU library:
Environmental and Natural Resource Economics: A Contemporary Approach, Fourth Edition, by Jonathan M. Harris and Brian Roach (https://library.anu.edu.au/record=b4407893)
Environmental and Natural Resource Economics, 11th Edition, by Tom Tietenberg and Lynne Lewis (https://library.anu.edu.au/record=b5383475 )
Students will be given feedback in the following forms in this course:
- written comments
- verbal comments
- feedback to whole class, groups, individuals, focus group etc
ANU 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: The Economy and the Environment|
|3||Common Property Resources|
|4||Resource Allocation Over Time||Online Quiz #1|
|5||Valuing the Environment|
|7||Pollution Control||Mid-term Exam|
|11||Renewable Resource Use|
|12||Trade and the Environment||Personal Project Due|
You are expected to attend one tutorial each week from Week 2 onward. You must (potentially if there are a lot of students such that we need more than the 2h lecture/tutorial) enroll in a tutorial using the Wattle site for this course, and attend the tutorial in which you are enrolled. More information will be available on Wattle in O- week.
|Assessment task||Value||Due Date||Return of assessment||Learning Outcomes|
|Quiz #1||5 %||*||*||1,2,3|
|Final Exam||40 %||*||*||1,2,3|
|Personal Project||20 %||27/10/2021||04/11/2021||1,4|
|Discussion Session Participation||5 %||*||*||1|
* If the Due Date and Return of Assessment date are blank, see the Assessment Tab for specific Assessment Task details
ANU 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:
The 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 Academic Integrity . In rare cases where online submission using Turnitin software is not technically possible; or where not using Turnitin software has been justified by the Course Convener and approved by the Associate Dean (Education) on the basis of the teaching model being employed; students shall submit assessment online via ‘Wattle’ outside of Turnitin, or failing that in hard copy, or through a combination of submission methods as approved by the Associate Dean (Education). The submission method is detailed below.
Moderation of Assessment
Marks 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.
The lectures, tutorials, and discussion sessions will be in person and/or live online. Video recordings of the lectures will be made available on wattle.
Online exams for the Quiz, Midterm, and Final.
Assessment Task 1
Learning Outcomes: 1,2,3
Short online quiz to give you some feedback on your learning in the course at an early stage. The 15-minute quiz will count for a small part of your grade and will contain multiple choice and short open questions. If you miss the quiz, that part of your grade is redeemable in the midterm, which in that case will count for 5% extra of your grade. The quiz will be conducted online in week 5 of the teaching period with a 24-hours window for students to access the quiz. Marks of the quiz will be released within a week.
Assessment Task 2
Learning Outcomes: 1,2,3
All students will undertake a 110-minute final Exam during the university examination period. The exact timing of the final exam will be centrally scheduled. There will be a number of questions based on the materials covered throughout the semester. More information on the types of questions will be given in the week 10 lecture. The final exam will be an online exam. All students should participate through the wattle
Assessment Task 3
Learning Outcomes: 1,4
The personal project is a piece of original writing, which applies the materials covered in this course to environmental debates/policies/issues. The project can take many forms as long as the writing demonstrates appropriate applications of the knowledge and/or applications of the analytic tools taught in this course. Some examples of possible writing formats include Policy briefs, blog posts, op-eds, news reports, and research proposals. This assignment will due on 27/10/2021, which is the last Wednesday of the second-semester teaching period. The results of this assessment will be released on 04/11/2021, which is the first day of the final examination period. Further details will be provided on Wattle by Week 5.
Assessment Task 4
Learning Outcomes: 1
Discussion Session Participation
From week 3 to week 10 of the semester, postgraduate students will participate in a weekly discussion session. A list of discussion questions and relevant reading sources will be provided at the beginning of the semester. Students are expected to express their own opinion about the discussion questions during the discussion sessions. Participation marks are given to each student based on their involvement in the discussions. Specifically, participation marks depend on both the frequency and the quality of the student's participation in the discussion. The quality is determined by how well student's arguments are formed. Feedback on the quality of participation will be given by the lecturer in the form of follow-up questions in response to student's comments/opinions on the topic.
Academic integrity is a core part of the ANU culture as a community of scholars. At its heart, academic integrity is about behaving ethically, committing to honest and responsible scholarly practice and upholding these values with respect and fairness.
The ANU commits to assisting all members of our community to 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 be familiar with the academic integrity principle and Academic Misconduct Rule, 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 Academic Misconduct Rule is in place to promote academic integrity and manage academic misconduct. Very minor breaches of the academic integrity principle may result in a reduction of marks of up to 10% of the total marks available for the assessment. The ANU offers a number of online and in person services to assist students with their assignments, examinations, and other learning activities. Visit the Academic Skills website for more information about academic integrity, your responsibilities and for assistance with your assignments, writing skills and study.
You will be required to electronically sign a declaration as part of the submission of your assignment. Please keep a copy of the assignment for your records. Unless an exemption has been approved by the Associate Dean (Education) submission must be through Turnitin.
For 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.
No 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.
Accepted 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.
The graders will endeavour to return your assignments one week after the submission date..
Extensions and Penalties
Extensions and late submission of assessment pieces are covered by the Student Assessment (Coursework) Policy and Procedure. Extensions may be granted 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 policy
Academic 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 students
The 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
Behavioral and Environmental Economics
Dr Jilu Zhang
Dr Jilu Zhang