Examines economic features of different types of natural resources. The contribution that economics can make to the consideration of environmental questions is considered, along with the use of economic instruments as a way of managing and preventing environmental degradation. The technique of benefit-cost analysis and its use in natural resource based projects and other activities is explained, as are certain other valuation methods such as contingent valuation and the travel cost method. Topical issues such as population, climate change etc are also included.
- How the economy works: the nature of the economic problem and importance of economics in environmental management
- Distinguishing between environmental economics and ecological economics
- Valuing the environment
- Market systems, supply, demand and the environment
- Decision making for environmental management
- Using economic instruments in environmental management
- Ecosystem goods and services
- Economic growth and sustainable development
- Natural resource-based industries: fisheries, forestry, tourism
- The economics of water resources management
Unit Learning Outcomes express learning achievement in terms of what a student should know, understand and be able to do on completion of a unit. These outcomes are aligned with the graduate attributes. The unit learning outcomes and graduate attributes are also the basis of evaluating prior learning.
Learning outcomes and graduate attributes
|On completion of this unit, students should be able to:||GA1||GA2||GA3||GA4||GA5||GA6||GA7|
|1||understand the nature of the economic problem of scarcity and implications this will have for resource allocation||Intellectual rigour||Knowledge of a discipline|
|2||analyse the relationship between economic activity and the natural environment and implications of the use of economics on different types of natural resources||Ethical practice||Knowledge of a discipline|
|3||critically appreciate the difference between environmental economics and ecological economics, and the implications of this difference||Intellectual rigour||Ethical practice|
|4||demonstrate presentation and discussion skills as relevant to environmental consulting and research||Intellectual rigour||Ethical practice||Knowledge of a discipline|
|5||demonstrate understanding of a range of natural resource issues of topical relevance.||Intellectual rigour||Ethical practice||Knowledge of a discipline|
- Asafu-Adjaye, J, 2005, Environmental Economics for Non-Economists. ISBN: 981-256-123-4.
Teaching and assessment
Commonwealth Supported courses
For information regarding Student Contribution Amounts please visit the Student Contribution Amounts.
Commencing 2018 Commonwealth Supported only. Student contribution band: 2
Please check the international course and fee list to determine the relevant fees.