ECON4410 Environmental and Resource Economics

Credit
6 points
Offering
(see Timetable)
AvailabilityLocationMode
Semester 1UWA (Perth)Face to face
Content
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 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.
Outcomes
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) assess the application of economic concepts and policies in environmental management and their growing importance in environmental management decisions.
Assessment
Indicative assessments in this unit are as follows: (1) quizzes; (2) laboratory assignments; (3) essays; and (4) pre-tutorial task. Further information is available in the unit outline.

Supplementary assessment is not available in this unit.
Unit Coordinator(s)
Dr Ram Pandit
Unit rules
Prerequisites:
enrolment in the Master of Professional Engineering Environmental Specialisation (62550) or the Master of Economics (42620) or the Master of Agricultural Science (72510) or the Master of Environmental Science (72530) or the Master of International Development (71550) or the Master of Agricultural Economics (73530) or the Bachelor of Science (Honours) (BH004) or the Master of Ocean Leadership (62540) or the Master of Public Policy (coursework or coursework and dissertation) (42580)
Advisable prior study:
ECON3300 Agricultural Economics and Marketing or ECON4001 Agricultural Trade and Commodity Markets
Contact hours
lectures: 2 hours; tutorials: 1 hour; labs: 1 hour (4 hours/week for 12 weeks)
Note
This unit can be taken in the Master of Economics or the Master of Agricultural Economics.
Texts

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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