Environmental Management: Economics Fundamentals - IEST7100

Faculty: Faculty of Arts and Social Sciences

School: School of Humanities and Languages

Course Outline: School of Humanities & Languages

Campus: Sydney

Career: Postgraduate

Units of Credit: 6

EFTSL: 0.12500 (more info)

Indicative Contact Hours per Week: 3

CSS Contribution Charge: 2 (more info)

Tuition Fee: See Tuition Fee Schedule

Further Information: See Class Timetable

View course information for previous years.


Note:This course was previously offered as ECON5125 but changed course codes to IEST7100 effective semester 2 2011.

This course is specially designed for students undertaking the University-wide Master of Environmental Management. It is one of 6 "Fundamental Knowledge" courses which form core courses in the MEM. It is designed for people without a background in Economics. The course provides a basic understanding of economic principles and of the roles of economics in environmental management. The course will also explore the economics of ecologically sustainable development. Microeconomics topics include: markets, supply and demand, pollution, environmental assessment, benefit cost analysis, renewable resources and price incentives for environmental improvements. Macroeconomic topics include: sustainable development and inflation, employment versus the environment, and economic growth, development and the environment. The course will explore and critically examine both market and non-market approaches in the attempt to analyse solutions to major environmental problems.

Excluded: ECON 5125.
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