ECON4410 Environmental and Resource Economics
- 6 points
Availability Location Mode Semester 1 UWA (Perth) Face to face
- Details for undergraduate courses
- Honours core unit in Natural Resource Management [Bachelor of Science (Honours)]
- Honours option in Economics [Bachelor of Commerce (Honours)]
- Managing the impact of production processes and human consumption of goods and services on the environment without reducing overall welfare is one of the most challenging issues facing society. This unit introduces students to both current and long-standing issues in natural and environmental resource management and policy. First, it presents basic concepts of natural and environmental resource management. Secondly, it examines economics of mining, fisheries and forestry with an extension to economics of ecosystem services and biodiversity. Thirdly, it examines the link between income growth and environmental outcomes with a focus on Environmental Kuznets Curve. Fourthly, it examines the economics of pollution control. Finally, it explores non-market valuation techniques in relation to the management of environmental and natural resources. In analysing environmental and natural resource management issues, the unit extensively uses various economic models and valuation techniques.
- Students are able to (1) understand economic concepts behind natural resource management and policy; (2) critically analyse basic techniques of non-market valuation and apply them in a variety of resource management contexts; and (3) understand the concept of trade, economic growth and the environment, as well as ecosystem services and biodiversity conservation and their growing importance in resource management decisions.
- Typically this unit is assessed in the following ways: (1) quizzes; (2) laboratory assignments; and (3) essays. Further information is available in the unit outline.
Supplementary assessment is not available in this unit.
- Unit Coordinator(s)
- Dr Ram Pandit
- Unit rules
- enrolment in the Master of Professional Engineering Environmental Specialisation (62550)
the Master of Commerce (Advanced) (41650)
the Master of Economics (42620)
the Master of Professional Accounting (46210)
the Master of Agricultural Science (72510)
the Master of Environmental Science (72530)
the Master of International Development (71550)
the Master of Agricultural Economics (73530)
the Bachelor of Science (Honours) (BH004)
the Master of Ocean Leadership (62540)
- Advisable prior study:
- ECON3300 Agricultural Economics and Marketing
ECON4001 Agricultural Trade and Commodity Markets
- ECON3311 Environmental and Resource Economics
- Contact hours
- 10 half days (lectures: 2 hours; tutorials: 1 hour; labs: 2 hours). The total workload for the unit is 150 hours.
- This unit can be taken in the Master of Economics or the Master of Agricultural Economics.
No textbooks are required for the unit.
- Reference books
Perman, R. et al. Natural Resource and Environmental Economics, 4th edn: Pearson Education Limited 2011
Hanley, N. and Barbier, E. B. Pricing Nature: Cost-benefit Analysis and Environmental Policy: Edward Elgar Publishing 2009
- The availability of units in Semester 1, 2, etc. was correct at the time of publication but may be subject to change.
- All students are responsible for identifying when they need assistance to improve their academic learning, research, English language and numeracy skills; seeking out the services and resources available to help them; and applying what they learn. Students are encouraged to register for free online support through GETSmart; to help themselves to the extensive range of resources on UWA's STUDYSmarter website; and to participate in WRITESmart and (ma+hs)Smart drop-ins and workshops.
- Books and other material wherever listed may be subject to change. Book lists relating to 'Preliminary reading', 'Recommended reading' and 'Textbooks' are, in most cases, available at the University Co-operative Bookshop (from early January) and appropriate administrative offices for students to consult. Where texts are listed in the unit description above, an asterisk (*) indicates that the book is available in paperback.