ECON4410 Environmental and Resource Economics

6 points
(see Timetable)
Semester 1UWA (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.
Unit Outline
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

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