Environmental Economics - ECON2127
Faculty: Australian School of Business
School: School of Economics
Course Outline: ECON2127 Course outline
Campus: Sydney
Career: Undergraduate
Units of Credit: 6
EFTSL: 0.12500 (more info)
Indicative Contact Hours per Week: 3
Enrolment Requirements:
Prerequisite: ECON1101
Excluded: ECON1107
CSS Contribution Charge: 2 (more info)
Tuition Fee: See Tuition Fee Schedule
Further Information: See Class Timetable
Description
The environment is one of the most important and most debated modern policy issues. This course provides an economic perspective on this debate. We will discuss the reasons behind why environmental problems exist, why unregulated markets sometimes fail in this context, and potential economic solutions to these problems, which include regulations, taxes, subsidies, and pollution permit trading schemes. We will also cover methods for determining the benefits and costs of environmental preservation. The course will equip students with the necessary knowledge to take part in the discussion about environmental policy from an economic perspective.