- Class Number 4358
- Term Code 3130
- Class Info
- Unit Value 6 units
- Topic Online
- Mode of Delivery Online
- Dr Paul Wyrwoll
- Dr Paul Wyrwoll
- Class Dates
- Class Start Date 22/02/2021
- Class End Date 28/05/2021
- Census Date 31/03/2021
- Last Date to Enrol 01/03/2021
The course “Introduction to Environmental and Resource Economics’ explains the economic 'way of thinking' in the context of environmental matters. 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 applied and example/cases are evaluated.
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 and energy.
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)
Other suggested readings and resources provided on Wattle for each topic, e.g. journal articles, short videos, media articles
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.
More details are available on the Wattle site.
|Week/Session||Summary of Activities||Assessment|
|1||Introduction to economy & environment issues. Marginal cost & marginal benefits, total net benefit. Equilibrium, consumer & producer surplus.||See HR Chapters 1 and 2, Appendix 3.1|
|2||Environmental externalities, government and market failure, internalising externalities||HR Chapter 3|
|3||Economics of pollution control: principles||HR Chapter 3 and 8|
|4||Cost-benefit analysis & discounting||HR Chapter 7|
|5||Tragedy of the commons and public goods||HR Chapter 4|
|6||Fisheries economics and policy; forestry economics and policy||HR Chapters 4, 18 and 19 Mid-Sem. Exam|
|7||Environmental valuation||HR Chapter 6|
|8||Water economics and policy||HR Chapter 20|
|9||Economics of pollution control: applications; taxes vs. tradable permits||HR Chapter 8 and 13|
|10||Non-renewable resources and energy||HR Chapters 17 and 11|
|11||Climate change||HR Chapters 12 and 13|
|12||National income and environmental accounting. Global sustainability||HR Chapters 9, 10 and 22|
|Assessment task||Value||Learning Outcomes|
|Tutorial exercises||10 %||2|
|Class work and quizzes||15 %||3|
|Mid-semester examination (open-book)||25 %||3|
|Final examination (open-book)||50 %||3|
* 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
Learning Outcomes: 2
Length: a short, written response (max. 2 pages) to an assigned question (2 per student per semester, starting in Week 2, ending in Week 11).
Assessment Task 2
Learning Outcomes: 3
Class work and quizzes
Class work and quizzes during weekly lectures (starting in Week 2, ending in Week 11).
Assessment Task 3
Learning Outcomes: 3
Mid-semester examination (open-book)
A Mid-semester examination (open-book) during Week 6 on content lectured in Weeks 1-5; 10 minutes study period plus 120 minutes writing.
Assessment Task 4
Learning Outcomes: 3
Final examination (open-book)
Length: A Final examination (open-book) on content lectured in Weeks 5-11; 15 minutes study plus 180 minutes
Final Examination (to be held during the examination period with the specific date to be confirmed by the ANU examination office).
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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.
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Environmental and Natural Resources Economics & Policy (water, energy, risks, resilience)
Dr Paul Wyrwoll