LismoreSession 1Session 1
OnlineSession 1N/A

Unit description

Explores the nature of economics as relevant to sustainable development. This involves learning from the trappings of historical economic paradigms and engaging with economic instruments/methods as a way of managing and preventing environmental degradation. This unit engages with topical issues such as population, climate change and water scarcity to apply economic rationale to your understanding of these issues using interactive tutorial workshops as a learning tool.

Unit content

  • Introduction to economics: what is it and why it matters for sustainable development
  • Broadening our economic perspective: exploring the evolution of ecological economics 
  • Market systems, supply, demand and the implications of market failure
  • Ecosystem goods and services
  • Valuing the environment: an overview of the techniques and theories
  • Environmental accounting
  • Changing behaviour: using economic instruments in environmental management
  • Economic growth and human development: meeting the sustainable development goals
  • Natural resources: trade-offs, ethics and property rights
  • The economics of water resources management

Learning outcomes

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

Prescribed texts

Session 1

  • Asafu-Adjaye, J, 2005, Environmental Economics for Non-Economists. ISBN: 981-256-123-4.
Prescribed texts may change in future study periods.

Teaching and assessment


Teaching method
Lecture on-site 2 hours (11 weeks)
Tutorial on-site 2 hours (11 weeks)
Self-directed project 8 hours (13 weeks)
Project proposal15%


Teaching method
Lecture online 2 hours (11 weeks)
Tutorial online 2 hours (7 weeks)
Self-directed project 8 hours (13 weeks)
Residential session 8 hours (1 day)
Project proposal15%

Intensive offerings may or may not be scheduled in every session. Please refer to the timetable for further details.

Southern Cross University employs different teaching methods within units to provide students with the flexibility to choose the mode of learning that best suits them. SCU academics strive to use the latest approaches and, as a result, the learning modes and materials may change. The most current information regarding a unit will be provided to enrolled students at the beginning of the study session.

Fee information


Commonwealth Supported courses
For information regarding Student Contribution Amounts please visit the Student Contribution Amounts.
Commencing 2019 Commonwealth Supported only. Student contribution band: 2

Fee paying courses
For POSTGRADUATE or UNDERGRADUATE full fee paying courses please check Domestic Postgraduate Fees OR Domestic Undergraduate Fees


Please check the international course and fee list to determine the relevant fees.