This course is available for on-campus & remote (online) learning. All students participate in interactive, real-time classes.
The course provides training in the economics of natural resource management and an introduction to agricultural economics. The first part of the course introduces the key models and techniques of resource economics and applies them to non-renewable resources such as minerals and energy and renewable resources such as fisheries, forests, and water, as well as the analysis of sustainability. Managing these resources requires optimization across time periods. Students will learn how to develop and numerically solve intertemporal resource allocation models. The second part of the course turns to agricultural economics with a particular focus on developing economies. Topics include technological change, food security, agricultural trade, and the role of agriculture in economic development.
Learning Outcomes
Upon successful completion, students will have the knowledge and skills to:
- Understand and use the key models of resource economics to investigate resource management problems and issues.
- Apply numerical methods to solve quantitative resource management problems.
- Use microeconomic tools to analyse decision-making in agriculture.
- Assess the role of agriculture in international trade and development.
Indicative Assessment
- Three Assignments (10% each) (30) [LO 1,2,3]
- Essay (max 3000 wds) (25) [LO 1,3,4]
- Final examination (45) [LO 1,3,4]
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
A standard workload for a 6 unit course is 130 hours including in class time and independent study. The course will have a lecture and an interactive session each week.
Inherent Requirements
Not applicable
Prescribed Texts
There is no prescribed text. Readings for the course will be available on Wattle.
Assumed Knowledge
Undergraduate level microeconomics and calculus for economics equivalent to the first year of the MIDEC and MEREC degrees at Crawford, specifically IDEC8015 and IDEC8016.
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:
- 34
- 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 | Description |
|---|---|---|
| 2023 | $4560 | Standard Rate |
| 2023 | $3600 |
Grandfathered Rate*
*continuing students in nominated programs only. See fee website |
- International fee paying students
| Year | Fee |
|---|---|
| 2023 | $5820 |
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.