Overview

The role of government in regulating the interaction between the economy and the environment; application of microeconomic theory to environmental problems, including air pollution, climate change and the over-exploitation of open access resources; using the tools such as environmental valuation and cost-benefit analysis to discuss policy options ranging from command … For more content click the Read More button below.

Offerings

S2-01-CLAYTON-ON-CAMPUS

Rules

Enrolment Rule

Contacts

Chief Examiner(s)

Dr Edwyna Harris

Learning outcomes

On successful completion of this unit, you should be able to:
1.

explain how the economy and the environment interact

2.

demonstrate the link between environmental problems and the economic concepts of property rights, externalities and non-excludability

3.

critically analyse how market failures contribute to environmental problems

4.

provide recommendations on how to correct for market failures.

Teaching approach

Active learning

Assessment

1 - Within semester assessment
2 - Examination

Scheduled and non-scheduled teaching activities

Lectures
Tutorials

Workload requirements

Workload

Learning resources

Required resources