Environmental Economics
UoS Code ECON6018
Credit points 6
Offered Semester 1
Prerequisites ECON5001 or ECON5002
Corequisites
Prohibitions
Assumed Knowledge
Additional Information
Lectures 3 hrs per week
Assessment Assignments; Mid-semester exam; Final exam.
Description In this unit of study emphasis is exclusively concerned with market failures that impact on the natural environment. Attention is given to why these market failures occur and what role there is for regulation and government policy. Topics covered include efficiency and markets, market failure, externalities (e.g. pollution), various methods of regulating pollution, and measuring the demand for environmental quality.