This course has been adjusted for remote participation in Sem 1 2021 due to COVID-19 restrictions. On-campus activities will also be available.
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.
Learning Outcomes
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.
Other Information
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.
Indicative Assessment
- 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]
The 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.
Workload
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.
Inherent Requirements
To be determined.
Requisite and Incompatibility
Prescribed Texts
Harris, Jonathan M. and Brian Roach (2018). Environmental and Natural Resource Economics: A Contemporary Approach, 4th edn. Routledge.
Preliminary Reading
Tietenberg, Thomas H. and Lynne Lewis (2018). Environmental and Natural Resource Economics, 11th edn. Routledge
Areas of Interest
- Forestry
- Geography
- Interdisciplinary Studies - Sustainability
- Environmental Studies
- Human Sciences
- Economics
Fees
Tuition fees are for the academic year indicated at the top of the page.
Commonwealth Support (CSP) Students
If you 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). More information about your student contribution amount for each course at Fees.
- Student Contribution Band:
- 2
- Unit value:
- 6 units
If you are a domestic graduate coursework student with a Domestic Tuition Fee (DTF) place or international student you will be required to pay course tuition fees (see below). Course tuition fees are indexed annually. Further information for domestic and international students about tuition and other fees can be found at Fees.
Where there is a unit range displayed for this course, not all unit options below may be available.
| Units | EFTSL |
|---|---|
| 6.00 | 0.12500 |
Course fees
- Domestic fee paying students
| Year | Fee |
|---|---|
| 2022 | $4440 |
- International fee paying students
| Year | Fee |
|---|---|
| 2022 | $6000 |
Offerings, Dates and Class Summary Links
ANU utilises MyTimetable to enable students to view the timetable for their enrolled courses, browse, then self-allocate to small teaching activities / tutorials so they can better plan their time. Find out more on the Timetable webpage.
Class summaries, if available, can be accessed by clicking on the View link for the relevant class number.
First Semester
| Class number | Class start date | Last day to enrol | Census date | Class end date | Mode Of Delivery | Class Summary |
|---|---|---|---|---|---|---|
| 3087 | 20 Feb 2023 | 27 Feb 2023 | 31 Mar 2023 | 26 May 2023 | In Person | View |
