ECON2224 Environmental Economics 2

Credit
6 points
Offering
(see Timetable)
AvailabilityLocationMode
Semester 1UWA (Perth)Face to face
Details for undergraduate courses
  • Level 2 core unit in the Environmental Science and Management; Environmental Management major sequences
  • The area of knowledge for this unit is Management and Commerce
  • Category B broadening unit for students
  • Level 2 elective
Content
The world currently faces numerous natural resource management problems including air pollution (e.g. climate change), water quality, over exploitation of fish, other fauna and flora, as well as controversies surrounding resource intensive economic activities such as mining and logging. This has resulted in a shift in attitudes to environmental and natural resource management policies. The ability to articulate the causes and identify regulatory and incentive-based solutions to problems is a highly sought-after skill in public and private employment. After taking the unit, students are able to think about environment problems and their solutions in logical and systematic ways.
Outcomes
Students are able to (1) demonstrate an understanding of the fundamental sources of market failure, economic models of resource management, and environmental problems faced by the society; (2) critically analyse the resource management models (biological and economic) and their implications in renewable and non-renewable resource management decisions; (3) formulate pollution control problems as resource allocation problems to achieve optimal outcomes, and demonstrate an understanding of pollution control policies and instruments; and (4) understand and use non-market valuation methods to value natural and environmental resources..
Assessment
Indicative assessments in this unit are as follows: (1) quizzes; (2) assignments; and (3) a final two-hour examination. Further information is available in the unit outline.

Supplementary assessment is not available in this unit except in the case of a bachelor's pass degree student who has obtained a mark of 45 to 49 overall and is currently enrolled in this unit, and it is the only remaining unit that the student must pass in order to complete their course.
Unit Coordinator(s)
Dr. Ram Pandit
Unit rules
Prerequisites:
any Level 1 ECON unit
Contact hours
Lectures: 2 hours per week; tutorials or labs: 1 hour per week
Texts

Different journal articles are provided through the LMS (Learning Management System). The following textbooks have been recommended for this unit and the first one is the required text which has been ordered through the University Co-operative Bookshop as well.

1. Harris, J.M. and Roach, B. (2018). Environmental and Natural Resource Economics - A Contemporary Approach, 4th ed., Routledge, New York.

2. Tietenberg, T. and Lewis, L. (2015). Environmental and Natural Resource Economics, 10th ed (Global Edition): Pearson Education, Sydney.

3. Hanley, N., Shogren, J., and White, B. (2013). Introduction to Environmental Economics, 2nd ed., Oxford University Press, Oxford.

  • 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.
  • Unit readings, including any essential textbooks, are listed in the unit outline for each unit one week prior the commencement of study. The unit outline will be available via the LMS and the UWA Handbook. Reading lists and essential textbooks are subject to change each semester. Essential textbooks can be purchased from the commercial vendors to secure the best deal. The Student Guild can provide assistance on where to purchase books if required. Books can be purchased second hand at the Guild Secondhand bookshop (second floor, Guild Village), which is located on campus. Copies of textbooks and other readings will be made available for students to access from the Library, online wherever possible as well as in print.
  • If this unit is offered as on-campus face-to-face study only, students who are presently unable to enter Western Australia and whose studies would be delayed by an inability to complete this unit, should contact the unit coordinator (details given on this page) to ascertain, on an individual case-by-case basis, if alternate arrangements can be made to support their study in this unit.