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
Requisites
Prerequisite
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